Coal production in India recently crossed 900 million tons – an unprecedented milestone, setting the stage for the country to hit 1 billion tons by 31 March. The Indian government said that the country has an ample coal stock of around 85 million tons, with domestic coal-based power plants having around 43.28 million tons in reserves. “The sufficient coal stock…
Read More
Australian producer Core Lithium has announced that Gareth Manderson will step down as chief executive officer, effective 18 March. Current finance chief Doug Warden will assume the role as interim chief executive officer while an executive search is underway. The leadership changes follow a strategic review as the company restructures its business in response to a rapid decrease in prices…
Read More
North American Construction Group said its subsidiary MacKellar Group has been awarded a five-year contract extension by a major metallurgical coal producer in Queensland, Australia. The new contract is good through June 30, 2030, and requires the addition of two loading units and one service truck, which will be purchased in Q4 2024. This will bring the total dedicated fleet…
Read More
PT Mandiri Herindo Adiperkasa Tbk (MAHA) has been named the sole contractor for hauling coal at Indonesia’s largest coal mine – Kaltim Prima Coal in East Kalimantan. The company will transport KPC coal as the mine owner for the next seven years. “[We] will always strive to maintain operational stability through achieving coal transportation targets safely and securely. We ensure…
Read More
In an attempt to further reduce costs, Australian lithium developer Lake Resources said it will cut its global headcount by 50% across its non-core operational and administrative workforce. Furthermore, Lake said it will continue to evaluate the monetization of non-core assets and lithium tenements unrelated to its flagship Kachi project in Argentina. Lake estimates a further 30% reduction in expenditures…
Read More
Hexagon said it has successfully deployed its MineProtect Operator Alertness System (OAS) at Grange Resources’ Savage River magnetite iron ore mine in Tasmania, Australia. “As mine manager, one of my key objectives is to have a safe workplace,” said Matthew Anderson. “Hexagon’s OAS has enabled proactive fatigue monitoring, fostering a no-blame culture that supports operators and endeavours to improve their…
Read More
India has launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about US$362 billion), reported Reuters. Eighteen critical mineral blocks will be auctioned in eight states across the country. The government said 17 of the blocks have been put up for a composite licence, which includes a licence to examine a block and mine…
Read More
Australian miner South32 has agreed to sell its Illawarra metallurgical coal business for $1.65 billion, exiting the coal market to focus on copper and zinc opportunities, reported Reuters. Illawarra is being sold to a consortium led by Golden Energy and Resources and M Resources. The deal comprises an upfront cash payment of $1.05 billion at completion, and a deferred cash…
Read More
The Minerals Research Institute of Western Australia (MRIWA) has released new technology for the advancement of bolt safety in underground mines. In the new report overview of In-situ Rock Bolt Behaviour Underground, the group outlined its extensive lab testing to understand rock bolt behaviour under complex load conditions. “Physical models were prepared to simulate the shearing in underground opening with…
Read More
Private equity firm Kinterra Capital said its portfolio company, Cannon Resources, has made significant advancement in expanding the resource at its Fisher East nickel project – the largest undeveloped high-grade nickel sulphide asset in Australia not owned by a major miner. Cannon saw an increase in its independent JORC Resource to 13.1 million tonnes of Indicated and Inferred mineral resources.…
Read More