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The latest news, trends and data from the mining industry
NEWS IN NUMBERS
70%
Gold Fields and EDL have completed a hybrid renewable project, providing up to 70% of the Agnew mine's power requirements.
5
The Sierra Leone Government has had five expatriate managers of SL Mining detained on suspicion of instigating unrest.
13%
Centamin has reported a 13% increase in after-tax profit for the 2019 financial year, owing to “solid cost management and improved grade”.
£165,000
Gold explorer Oriole Resources has received a £165,000 tax rebate from UK Revenue Customs as relief for the company's geoscientific advances.
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Further reading
Mining industry wary about future of battery minerals, survey finds
Given the pace of innovation in battery technology, we asked the readers of Mining Technology if investing heavily in battery minerals is a risk. Out of 519 total votes, 45.1% think that yes, caution is needed as more efficient batteries are being developed all the time, 39.5% say that no, such investments are still strategic as battery minerals will be essential for decades to come, while 15.4% are unsure about the prospects of battery minerals.
Source: Mining Technology
PROJECT NEWS
Almost 90 Covid-19 cases reported at Polyus’ gold mine in Russia
Almost 90 Covid-19 cases have been recorded among employees of Polyus Krasnoyarsk, a unit of Russian gold producer Polyus. As part of a continuous testing programme for the virus, some tests have returned positive results at Polyus Krasnoyarsk-operated Olimpiada gold mine.
Anglo American begins staged re-entry to Grosvenor mine after accident
Multinational mining company Anglo American has started a staged re-entry to the Grosvenor coal mine in Queensland after receiving approval from the state’s mines inspectorate. Last week, Anglo American suspended operations at the Grosvenor coal mine after an explosion injured five people.
Valmec secures contract from Newmont for Tanami stage two expansion
Valmec has secured a contract with Newmont Mining Services for an additional package of infrastructure works associated with its proposed Tanami Expansion 2 (TE 2) project in Australia.
The TE 2 project is located 540km north-west of Alice Springs in Australia’s Northern Territory. It is an underground gold mine capable of producing more than 496,000 referred ounces of gold per annum.
Pure Gold on track to pour first gold at Madsen mine in Q4 2020
Canadian miner Pure Gold Mining has announced that it remains on track to pour first gold by the end of this year at its Madsen gold mine in Red Lake, Ontario.
Pure Gold Mining reported “significant progress towards completing construction” of the mine with Covid-19 related measures in place to contain the spread of the virus.
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