Mining industry
The West Australian Government is sending a robot to New Zealand to assist in the rescue operation for 29 miners, including two Queenslanders, trapped underground at the Pike River coal mine. The robot, suitable for navigating large pipes, is being transported to the site via an aircraft from New Zealand,
Mining industry
Protesters in the southern Peruvian province of Islay, led by opposition organizer Pepe Julio Gutierrez, clashed with police on Monday morning over the Tia Maria mine project owned by Southern Copper Corp. (SCCO). The demonstration, which began in the midst of a heavy police presence, resulted in four injured protesters
Mining industry
Medtronic recently presented positive data from its RAFT study, showing that its cardiac resynchronization therapy-defibrillators (CRT-Ds) reduced the risk of death by 29% in heart patients with New York Heart Association (NYHA) class II compared to those treated with implantable cardioverter-defibrillators (ICDs) and medical therapy. The data is significant for
Mining industry
Bard Ventures Ltd. ("Bard" or the "Company") has entered into an agreement to acquire a 100% interest in the Little Bear Lake claims, which are situated in the Thunder Bay Mining Division, approximately 4 kilometers northeast of Schreiber, Ontario. The 5 mineral claims that comprise the
Mining industry
The Canadian government has turned down BHP Billiton Ltd.'s hostile bid for Potash Corp. of Saskatchewan, citing the proposal did not meet the net-benefit test. Industry Minister Tony Clement called the decision a careful and rigorous review of the proposed transaction, without disclosing specific factors behind the decision.
Mining industry
Canada's industry department has given a cautious go-ahead to BHP Billiton's US$39 billion bid for Potash Corp. of Saskatchewan Inc., with strings attached, including an enforcement of takeover terms and the relocation of executives to Saskatoon. The final decision, due Wednesday, will still be in
Mining industry
Copper prices have hit a 27-month high due to supply chain constraints, a weak dollar, and potential exchange-traded fund flows into copper. This price spike is expected to inflate the costs of power equipment, primarily due to the high copper content, which accounts for 25% of the total cost. Integrated
Mining industry
Lundin Mining Corporation has announced the discovery of a new copper-rich massive sulphide deposit, the Semblana deposit, at its 100% owned Neves-Corvo mine in southern Portugal. This significant event marks the sixth major sulphide deposit discovered at the mine, adding to the existing Neves, Corvo, Graca, Zambujal, and Lombador sulphide
Mining industry
Xstrata PLC, a UK-based mining company, has reported a fall in third quarter copper cathode and consolidated coal output compared to the same period last year due to mine and smelter closures, planned maintenance, and adverse weather conditions. However, the company experienced strong momentum for coal, copper, and nickel volumes
Mining industry
Xstrata PLC, a leading Anglo-Swiss miner, reported a significant decline in its third-quarter copper and coal production. The company cited mine and smelter closures, planned maintenance, and adverse weather conditions as the main reasons for the decline. Copper and coal are the primary earnings drivers for Xstrata, accounting for 42%
Mining industry
Chile's President Sebastian Pinera urged the country to improve safety standards following the successful rescue of 33 trapped miners. Meanwhile, Germany is blocking a proposed $116 billion joint venture between Rio Tinto and BHP Billiton, two of the world's largest iron ore producers. In contrast, Zambia&
Mining industry
Drillers from Layne Christensen Company, a Kansas City-based company, have successfully reached 33 miners trapped in Chile since August 5th. The team, consisting of experienced drillers from Layne and Latin American affiliate Geotec, worked together to drill a 5-inch hole nearly 2,300 feet, reaming it to 12 inches and
