Mining News Pro - Zob Ahan Isfahan was honored to receive the 8th license to use the standard mark for the ammonium sulfate by-product.

Wednesday, February 21, 2024 - 17:30:19

Visit: 53

Mining News Pro - The company has held talks with the government over the potential reduction in its workforce, the people said, asking not to be identified because the matter hasn’t been made public. Senior government officials asked the company to consider delaying the cuts until after elections likely to take place around May, three of the people said. SIGN UP FOR THE IRON ORE DIGEST The Congress of South African Trade Unions said that Anglo has also spoken to one of its members, the National Union of Mineworkers, about the matter. The job cuts would be another blow to the electoral prospects of President Cyril Ramaphosa and his ruling African National Congress. Anglo is already in the midst of plans to slash corporate and head office jobs globally, with many of those positions in South Africa. The company joined other mining behemoths in posting a steep drop in first-half profit as China’s economic slowdown damped earnings. Anglo American Platinum Ltd. — about 79% owned by London-based Anglo — is contending with a 14% fall in the price of platinum this year and a 41% plunge in palladium, a valuable byproduct. Rival Sibanye Stillwater Ltd. said in October that it may fire more than 4,000 platinum workers. Kumba Iron Ore Ltd., owner of South Africa’s biggest iron ore mine and a 70% subsidiary of Anglo, said third-quarter iron ore sales fell 12% from the year earlier, largely because of the poor performance of state ports and freight rail company, Transnet SOC Ltd. The company is almost out of storage space for the ore it has mined and can’t rail it, one of the people said. “It is no secret that the current operating environment is very tough for both macro and South Africa-specific reasons and we are playing a major role in working across business and with government to help resolve some of those South Africa constraints,” Anglo said in a response to queries. “Beyond that, it would be inappropriate for us to comment on the details of our discussions.” While a final decision on whether to fire workers and how many positions may be affected has not been taken, the job cuts may impact Anglo American Platinum first, the people familiar said. Those at Kumba may be deferred until later, they added. The minerals department didn’t respond to a request for comment, while Gwede Mantashe, minerals and energy minister and chairman of the ANC, didn’t answer a call to his phone or respond to a text message. PGM prices are falling because of global economic conditions, especially the weaker-than-expected recovery in China. Kumba’s woes are directly related to the sub-standard performance of Transnet, whose inability to rail commodities to ports has also led to coal companies Seriti Resources Holdings Ltd. and Glencore Plc to start talks over job cuts. The plunge in rail performance has seen the amount of iron ore transported to ports fall to the lowest in a decade, while coal shipments by rail are at a 30-year low, according to a report prepared for Ramaphosa’s office. In an Oct. 24 production report, Kumba said “ongoing rail and port challenges have increased our focus on cost optimization and initiatives to match production and optimize logistics capacity.” It said it had 9 million tons of iron ore in stock at the end of September, almost double the amount it had on site a year earlier.

Saturday, November 25, 2023 - 22:07:11

Visit: 181

Mining News Pro - Alaska Energy Metals’ stock rose on Monday after releasing results for two additional diamond drill holes from its 2023 exploration program at its 100% owned Nikolai nickel project.

Monday, October 30, 2023 - 20:22:05

Visit: 175

Mining News Pro - A week after completing the sale of its Leonora assets to Genesis Minerals, St Barbara has provided a production update for the June 2023 quarter (Q4 FY23) and 2023 financial year (FY23).

Thursday, July 13, 2023 - 23:43:24

Visit: 127

Mining News Pro - Platina Resources has identified the presence of multiple new mineralised gold structures at its Brimstone gold project after completing a maiden 4381 metre air core drilling program.

Friday, June 2, 2023 - 11:37:50

Visit: 136

Mining News Pro - Copper producer 29Metals has released its 2022 annual report, detailing highlights from its operations, financial activity, and workplace safety culture.

Monday, May 1, 2023 - 22:39:22

Visit: 86

Mining News Pro - Lynas Rare Earths is set to appeal to the Malaysian Government today about unfavourable license conditions that threaten to interrupt its operations. But despite the impending battle, the company recorded strong results for the March quarter.

Monday, May 1, 2023 - 22:36:05

Visit: 104

Mining News Pro - The capsule was recovered after a nearly week-long search involving around 100 people along a 1,400 kilometres (870 miles) stretch of highway, officials said.

Thursday, February 2, 2023 - 12:02:42

Visit: 0

Mining News Pro - Marimaca Copper has released the final batch of reverse circulation (RC) drill results from last year’s infill drilling campaign at the Marimaca oxide deposit (MOD) in northern Chile, including the best copper intersection drilled to date on a grade-times-width basis.

Tuesday, January 24, 2023 - 23:33:51

Visit: 142

Mining News Pro - Restocking demand, Australian weather and the strength in global steel demand recovery are likely to drive seaborne coking coal prices in the Asia-Pacific in coming weeks after the spot market fell below $250/t fob Australia in November.

Tuesday, December 20, 2022 - 11:40:51

Visit: 343

Mining News Pro - Nickel sulfate prices in China fell again in the week to December 9 due to continuing production cuts by downstream sectors, market sources told Fastmarkets.

Saturday, December 17, 2022 - 12:23:24

Visit: 297

Mining News Pro - The Fruta del Norte deposit is currently estimated to contain an inferred resource of approximately 11.6 million tonnes averaging 5.69 g/t gold, containing 2.13 million ounces of gold.

Wednesday, November 23, 2022 - 11:44:48

Visit: 328

Mining News Pro - Hecla Mining Company (NYSE: HL) has reported strong preliminary production results for the third quarter of 2022. As such, the company has increased its silver and gold production guidance for the fiscal year.

Tuesday, October 11, 2022 - 20:42:32

Visit: 547

Mining News Pro - FPX Nickel has announced results of an internal engineering scoping study evaluating the production of nickel sulphate for the electric vehicle battery market from the high-grade awaruite to be produced by the company’s Baptiste nickel project in central British Columbia.

Thursday, September 8, 2022 - 21:08:24

Visit: 549

Mining News Pro - An international team of researchers led by scientists at the Massachusetts Institute of Technology has developed a new kind of battery, made entirely from abundant and inexpensive materials.

Wednesday, August 31, 2022 - 13:10:25

Visit: 575

Mining News Pro - A projected shortage of sulfuric acid could stifle green technology advancement and threaten global food security, according to a paper published in The Geographical Journal.

Wednesday, August 24, 2022 - 22:55:27

Visit: 526

Mining News Pro - Researchers at Drexel University have found the right material to efficiently catch mercury —even at low levels— and clean up contaminated bodies of water.

Thursday, August 18, 2022 - 20:13:00

Visit: 416

Mining News Pro - Shares in Condor Gold jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said “provide confidence” in recovery rates ahead of a definitive feasibility study.

Friday, August 5, 2022 - 13:16:00

Visit: 412

Mining News Pro - Researchers at the Vienna University of Technology (TU Wien) have developed a solution that allows for the production of liquid methanol from carbon dioxide using a catalyst material made of sulphur and molybdenum.

Tuesday, July 5, 2022 - 13:23:04

Visit: 707

Mining News Pro - American Rare Earths (ASX: ARR) announced on Tuesday promising assay results from 332 samples taken from four core holes at the Southwest area within its flagship La Paz project in Arizona.

Wednesday, June 15, 2022 - 12:35:19

Visit: 610

Mining News Pro - Vale said on Thursday it had completed studies for potentially developing a nickel sulfate operation in Quebec, Canada, with annual capacity seen at 25,000 tonnes.

Friday, June 10, 2022 - 14:32:35

Visit: 783

Mining News Pro - Kinross Gold has said that the company was in “uncharted territory” regarding the closure of the sale of its Russian assets.

Thursday, May 12, 2022 - 14:07:31

Visit: 481

Mining News Pro - Gold miner Pan African Resources has announced that exploratory drilling into the down-dip extention of the orebodies at its Barberton Mines, in Mpumalanga, has yielded successful and significant high-grade drilling results, with visible gold in several drill intersections and development ends.

Saturday, May 7, 2022 - 13:44:32

Visit: 700

Mining News Pro - Researchers at Stanford University have found a new way to mine sewage for valuable materials used in fertilizers and cathode material for lithium-sulfur batteries that could someday power smartphones and airplanes.

Monday, March 14, 2022 - 18:01:56

Visit: 463

Mining News Pro - Precious metals miner Fresnillo reported an 11% rise in 2021 pretax profit on the back of higher precious-metals prices, but operational challenges and a new Mexican labour law took some shine off its annual results.

Thursday, March 10, 2022 - 13:17:48

Visit: 512