Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) today announced that the company will initiate procedures to suspend operations at the Lumwana copper mine in Zambia following the passage of legislation that raises the royalty rate on the country's open pit mining operations from six percent to 20 percent.
ThyssenKrupp Metallurgical Products has expanded its product portfolio and concluded an offtake agreement for ferroniobium, a rare heavy metal, with NioCorp Developments Ltd. Under the ten-year agreement, ThyssenKrupp Metallurgical Products will purchase 3,750 tons of ferroniobium per year, which equates to approx. 50% of NioCorp's total production.
Chinese Handan Iron & Steel Group Co., Ltd. has placed an order with Siemens Metals Technologies to modernize the process automation system of the hot rolling mill at its Handan factory. The core items of the new process automation are a profile and flatness control system, which will ensure clearly improved product tolerances, as well as the Microstructure Target Cooling solution package.
Amec Foster Wheeler announces today the award of an engineering services contract by Codelco, the Chilean Copper Corporation, for a new secondary ore grinding processing facility at the Chuquicamata copper concentrator facility in northern Chile. Codelco is the biggest copper producer in the world by volume.
The Joint Venture "Alstom Grid - Rusal Electroengineering" has developed and launched the series of rectifier units for rectifier groups of the world's largest aluminum-smelters: Bratsk, which capacity exceeds 1 million tons of aluminum per year each.
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (Barrick or the "company") today announced that it has completed the 50/50 joint venture agreement with Saudi Arabian Mining Company (Ma'aden) for the Jabal Sayid copper mine in Saudi Arabia. Jabal Sayid is expected to begin shipping low-cost concentrate in early 2016.
Leighton Holdings’ global mining contractor, Thiess, has been awarded a new $250 million contract by Jellinbah Resources to operate the Jellinbah Plains open-pit, part of the Jellinbah East coal mine near Blackwater in Central Queensland.
ABB, the leading power and automation technology group, has launched its SmartVentilation system for mines. ABB’s SmartVentilation is a complete solution to the challenge of providing fresh air and venting toxic gases from subterranean mines. It also minimizes energy use by ventilating only those areas of a mine that require it.
Vale Canada Limited has awarded Pöyry (Montreal) Inc with the detailed engineering and construction site assistance services assignment for the nickel emissions project at Copper Cliff Nickel Refinery in Sudbury, Ontario, Canada. The project involves a new baghouse with auxiliaries for the Nickel Refinery Converter (NRC) plant to treat the gases from the nickel refining conversion process.
Peabody Energy (NYSE: BTU) today announced an agreement to establish a joint venture between Peabody's Wambo Open-Cut Mine and Glencore's United Mine in New South Wales, Australia. The joint venture is expected to deliver significant synergies by improving productivity, lowering costs and extending mine life.