China, the world’s top processor of rare earths, has added technology to make rare earth magnets to its “Catalogue of Technologies Prohibited and Restricted from Export,” which aims to protect national security and public interest, reported Reuters. “This should be a clarion call that dependence on China in any part of the value chain is not sustainable,” said Nathan Picarsic,…
Read MoreThe Coal Ministry of India has issued vesting orders for six coal mines and agreements for two mines, bringing the agency’s total so far to 80 under its commercial auction scheme. The ministry said the orders were issued on 14 December; out of the six coal mines whose vesting orders were issued, two coal mines are fully explored mines and…
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Global coal miner Peabody Energy has succeeded in expanding its holding at its North Goonyella operation in Queensland, and to mark the growth is renaming it the Centurion mine. Peabody officials said the change comes after the company reached an agreement to acquire a large portion of the Wards Well coal deposit, situated adjacent to the existing North Goonyella complex.…
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Vietnam said its domestic sources can only meet 65% of coal demand for electricity production next year, which means 26 million tons must be imported. The country’s main coal import markets are Australia and Indonesia, but it has recently signed a deal with Laos.
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Scania Commercial Vehicles in India has inked an exclusive partnership with PPS Motors, giving the latter the role of its sole representative for the OEM’s mining tippers in India. Scania officials said the pairing will ensure it has Pan India coverage for its sales and service operations. “The company provides tailor-made solutions by detecting, analyzing, and continuously optimizing critical points…
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Following an agreement on new ownership structure, Barrick Gold announced that its Porgera mine in Papua New Guinea will resume operations this month with first gold to be poured in Q1 2024. “It’s been a long journey but in the process we have secured the buy-in of all the stakeholders and we look forward to steering the mine back to…
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Western Australia-based GR Engineering Services said it has executed engineering, procurement and construction (EPC) contracts for a 1.2 million-tonnes-per-annum process plant at K92 Mining’s Kainantu gold mine in Papua New Guinea.
Read MoreKingsgate Consolidated said it has hit a significant milestone for the Chatree Gold Mine in central Thailand: 1,000 doré bars poured since operations restarted in March. “We are delighted to acknowledge this production milestone, and are pleased with Chatree’s gold and silver production to date, as we continue to ramp up both mining and processing operations,” said Managing Director and…
Read MoreIndonesia aims to start implementing levies in January to help compensate coal miners selling to the state utility Perusahaan Listrik Negara (PLN) at reduced prices, reported Reuters. The plan follows a coal supply crunch at local power plants that forced the country to temporarily halt exports in early 2022. “This will create fairness and a level playing field,” said Energy…
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Indonesia’s mining minister said Vale will sell a 14% stake in Vale Indonesia to bring the holding by foreign investors below the maximum limit, reported Reuters. The news agency said share divestment is a condition Indonesia requires to extend the operation permit for the nickel miner. The government requires oversea firms to divest 51% of their stake to local buyers…
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