Sandvik issues layoff under restructuring

Equipment maker Sandvik said it will be cutting 1,100 as part of a cost-saving restructuring effort. The company, which said it will also be consolidating production units and optimizing its organizational structure, said orders from majors were at a good level but it had seen a decrease in business from smaller operators as well as from the infrastructure market. The…

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Majority of U.S.-produced met coal now MCPA represented

The Metallurgical Coal Producers Association (MCPA) has revealed that a majority of the nation’s metallurgical coal produced annually – about 55% – is now represented by the group. Full story. https://northamericanmining.com/index.php/2024/01/31/majority-of-u-s-produced-met-coal-now-mcpa-represented/

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Korean miner to file lawsuit against Panama

State-run Korea Mine Rehabilitation and Mineral Resources (KOMIR) is seeking 1 trillion won (US$747.1 million) from the government of Panama over expected losses from the shutdown of the Cobre Panama copper mine, reported The Korea Economic Daily. KOMIR had acquired a 10% stake in Minera Panama, a subsidiary of First Quantum Minerals, in 2009. Minera Panama is the operator of…

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Dartbrook coal mine to restart operations

After nearly two decades, the Dartbrook mine in New South Wales, Australia, will resume operations after Australian Pacific Coal and JV partner Tetra Resources finalized a three-year, US$60 million (A$90 million) funding package with Vitol Asia. The companies said the funding will cover forecast restart capital expenditure at Dartbrook through to first coal and the acquisition of additional mining systems…

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IME’s Hoffman Recognized with ISEE President’s Award 

The Institute of Makers of Explosives’ (IME) senior director of scientific and regulatory affairs, Dr. Joshua Hoffman, was presented with the prestigious ISEE President’s Award at the opening session of the International Society of Explosives Engineers (ISEE) 2024 Annual Conference. Full story.

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Barrick: Lumwana Super Pit coming in ‘28

Barrick has confirmed it is accelerating progress for the Lumwana copper mine’s Super Pit project in Zambia, estimating first production in 2028. Barrick President and CEO Mark Bristow advised Zambian president Hakainde Hichilema of the fast-track during a meeting on 23 January. The project includes transforming Lumwana into one of the world’s major copper mines, with projected annual production of…

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Murray and Roberts sinks Palabora vent shaft

Underground mining contractor Murray & Roberts Cementation and its client Palabora Mining (PMC) celebrated the last blast at the new ventilation shaft, which took its depth to a final 1,200 metres below surface on 9 January. The 8.5 metre diameter upcast vent shaft – which holed through to an already developed return air way at depth – is vital to…

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