Rio Tinto, Turquoise Hill Resources and the Mongolian government have reached an agreement that will move the Oyu Tolgoi project forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia. As part of the deal, Turquoise Hill will waive the $2.4 billion in debt owed to it by the Mongolian government. Commencement of underground…
Read MoreThe president of Indonesia reportedly said recently that over 2,000 mining permits, along with forest and plantation permits, have been revoked because of non-compliance or non-use, part of the country’s crackdown on natural resources oversight. Read full article from The Asia Miner.
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Flexicon has announced it has opened the doors on a new office in Malaysia to provide its sales and engineering services to the industry of southeast Asia. Read full article from The Asia Miner.
Read MoreResource management and conservation will be the focus of the newly announced Mining Technology Excellence Centre for Sustainable Mining in Dhanbad, India, a tandem effort of Dassault Systèmes and the TEXMiN (Technology Innovation in Exploration and Mining) Foundation –Technology Innovation Hub of IIT (ISM) Dhanbad. Read the full article from The Asia Miner.
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Bravus Mining and Resources has confirmed that the first shipment of coal from its Carmichael operation in Queensland has been assembled at the North Queensland Export Terminal and is ready for export. Read full article from The Asia Miner.
Read MoreAt least three people have been killed and an estimated 50 remain missing after a landslide at a jade mine in the remote Hpakant area of Kachin state, Myanmar on 22 December.
Read MoreDecember has kicked off great for mining contractor Thiess, which has inked $200 million in mining services contracts for two mining clients in Queensland – both of which will commence work this month. Read full article from The Asia Miner.
Read MoreBHP and China Minmetals have used MineHub Technologies’ platform in the first cross-border copper concentrate trial shipment processed on blockchain technology. Read full article from The Asia Miner.
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Cave 1 conversion to semi-autonomous production is now complete at the Cadia East gold operation in New South Wales, according to mine owner Newcrest and OEM partner Epiroc. Read full article from The Asia Miner.
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Turquoise Hill confirms that the Oyu Tolgoi LLC board of directors has approved a bridging budget of $75 million to continue critical activities at the Oyu Tolgoi underground mine development project in southern Mongolia. The approval reflects the progress made during recent negotiations between Turquoise Hill, the Mongolian government and Rio Tinto about the expansion of the Oyu Tolgoi copper-gold…
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