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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The New South Wales Resources Regulator has prohibited Wollongong Resources’ Russell Vale Colliery to mine coal due to ongoing safety concerns, reported ABC News. The Mining and Energy Union told the news service that there have been at least five significant frictional ignition events at the underground mine in the past eight months. “The prohibition notice will remain in place…
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Canadian-based, Papua New Guinea-focused K92 Mining has appointed David Medilek as its president and chief operating officer. Medilek joined K92 in 2019 and was most recently president. Prior to that he was the company’s vice president of business development and investor relations. His career has also included positions with Macquarie Group, Cormark Securities and Barrick Gold. K92 has also selected…
Read MoreThe Indonesian government said there was a strong indication of a standard procedure violation and negligence in the implementation of safety requirements that allegedly led to a deadly fire at a nickel smelter in December, reported Reuters. The fire broke out on 24 December at a smelter furnace operated by Tsingshan Stainless Steel Indonesia, a unit of China’s Tsingshan Holding…
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Global metals miner Zijin confirmed it produced more than one million tonnes of mined copper 2023, and now has the distinction of being the first Chinese miner to do so. In total, the company said its production was 1.01Mt, or 54% of the total output of China, 1.87Mt, in 2022. In addition to copper, Zijin also said it had a…
Read MoreThe Epiroc Scooptram ST1030 loader is at the heart of a large equipment order placed by Shandong Gold Group in China for use at three of its operations in the country. Epiroc confirmed the deal specifically includes the Minetruck MT2200 hauler, Scooptram ST1030 and Scooptram ST3.5 loaders, Boomer 282 face drilling rig and Boltec S1K rock reinforcement rig to expand…
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Since launching in June 2020, India’s Commercial Coal Mine Auction has successfully sold 91 coal and lignite mines. Six of these mines have already started producing coal and three more are expected to begin production in a couple of months. The Ministry of Coal has so far completed seven rounds of the transparent online auction. It said the ongoing eighth…
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China Gold International said overall operations at its CSH gold mine in Inner Mongolia have returned to full production, effective 3 January, following slope maintenance. The Canadian-based miner reported in November that the mining rate was reduced at the end of the third quarter and into the fourth quarter in order to enhance the management and maintenance of open pit…
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Barrick Gold said it has begun recommissioning the Porgera gold mine in Papua New Guinea following the formal completion of a commencement agreement. Porgera, an open pit and underground gold mine, has been in care and maintenance since April 2020. Barrick said it anticipates mining and processing to restart in the first quarter of 2024. The equity in the mine…
Read MoreMetso has signed an agreement with Future Tech Service (FTS) to strengthen its Asia-Pacific distributor network. The partnership enables FTS to deliver Metso crushing equipment and services exclusively in South Korea. “In taking our Korean business to an exciting new direction, we are especially pleased to be teaming up with the FTS team. Customers can expect a high degree of…
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