Indonesia’s mining ministry said it is considering raising royalties paid by mining companies, reported Reuters. The country is the world’s biggest exporter of thermal coal and nickel products, as well as a major source of copper. Officials propose raising royalty rates paid by miners and producers of metal products based on price levels, including introducing progressive rates for metals like…
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Macmahon has been selected by PT Citra Palu Minerals, a subsidiary of PT Bumi Resources Minerals Tbk, as the interim underground mining services contractor for the Poboya project in Sulawesi, Indonesia. “We are delighted to continue working with CPM on the next stage of the Poboya gold project, which will see us expanding our services to include both surface and…
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Evolution Mining has received the final regulatory approval for its Cowal gold operations’ open pit continuation project, which will extend open-pit mining at the New South Wales site until at least 2042.
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An undisclosed Indian mining customer has awarded FLSmidth with the largest single order for the world’s largest size steel media tower mills. The order includes the delivery of 18 vertical tower mills (FTM-5000) to be used in both the secondary and tertiary grinding circuits, directly downstream from two of the world’s largest high-pressure grinding rolls (HPGRs), which the customer ordered…
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St Barbara has successfully commissioned a MMD Sizer at its Simberi operations in Papua New Guinea, an essential part of the site’s pre-expansion growth capital. The company said the crusher exceeded all commissioning targets with product size testing achieving P100 passing 150 mm, compared to the objective of P80 passing 150 mm. It was then handed over to operations and…
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The Philippine Nickel Association (PNIA), the country’s largest group of nickel mining companies, has appealed to the Marcos administration to reconsider its plan on imposing a ban on ore exports as part of mining reforms. Association officials stressed that the government must first create a competitive environment to attract investments in value-added processing before implementing restrictive policies. “We support the…
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Metso has agreed to acquire the screening business, operations and key assets of Selm (Beijing) Technology Co., Ltd. for an undisclosed amount. The deal strengthens the OEM’s services to better support mining and aggregates customers in China. “The acquisition is a significant step in advancing our regional strategy in screening of being closer to our customers, fostering a market-focused approach,”…
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Japan Gold has entered into an investment agreement with Osisko Gold to sell a 1.5% net smelter return royalty on certain properties and assets in Japan for US$5 million cash. Osisko will also have the option to purchase an additional 0.5% net smelter return royalty for $3 million after the deal’s first anniversary. “The transaction allows us to accelerate our…
Read MoreMining contractor PT Pamapersada Nusantara (PAMA) has become the first open-pit coal mine in the region to implement automation at its Kalimantan coal mine site in Indonesia, selecting RCT as its partner for the project. RCT said its automation technology was implemented on the site’s dozer fleet, consisting of a Komatsu D155 and a Komatsu D375. These dozers have been…
Read MorePapua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals. He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership. “We encourage other…
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