The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
1 billion
Global silver production is expected to exceed 1 billion ounces by 2023
$2.52bn
Total value of metals and mining industry deals made in September 2019 according to GlobalData
132.1 million
The prouction of gold from mines around the world is forecast to reach 132.1 million ounces in 2023 according to GlobalData
61,200 tonnes
Minimum amount of cobalt per year to be supplied by Glencore to Chinese company GEM under a five-year agreement
The latest from Twitter
Further reading: What Trudeau’s re-election means for mining in Canada
Justin Trudeau invested considerably in the mining industry following his election as prime minister of Canada in November 2015, and his policies have largely been embraced by the mining industry as he attempted to walk the line between mining profits and environmental protection. Now Canadian voters have returned him to office for a second term, albeit with a significantly reduced share of the vote. With a minority government looming, and new voices pushing for changes in policy, Canada’s mining future remains uncertain.
Read the full article on mining-technology.com.
PROJECT NEWS
First Quantum’s Cobre Panama achieves commercial production
Canadian base metals producer First Quantum Minerals has started commercial production at the Cobre Panama copper min 120km west of Panama City. Construction of the project was completed a month ahead of schedule placing the operation on track to achieve 2019 production guidance of 140,000-175,000t of copper.
BHP to switch Chile mine operations to renewables from mid-2020s
BHP has announced four renewable power agreements for its Escondida and Spence copper operations in Chile. The deals are part of the company's strategy to switch its operations to renewable power supplies.
RCR Mining to provide equipment for Fortescue’s Cloudbreak mine
NRW Holdings’ subsidiary RCR Mining Technologies (RCRMT) has secured a contract to design and construct equipment at Fortescue Metals Group’s Cloudbreak iron ore mine in Western Australia (WA).
The contract also includes another crushing plant, HOP9, at the Pilbara site, which has been designed for primary sizing of 3500t an hour.
Accident at Nornickel’s Taimyrsky mine claims three lives
At least three people were killed and several more were injured in an accident at Russian company Norilsk Nickel’s (Nornickel) Taimyrsky mine. The company said that studies conducted on selected air in the mine did not show excessive limits of toxic or harmful substances. Nornickel also noted the tragedy is not connected with mining and geological conditions or technological processes. Based on preliminary data, it was found that workers suffocated due to insufficient oxygen.
New report: gold and climate change
The World Gold Council has launched a report titled ‘Gold and Climate Change: Current and future impacts’ aiming to provide clarity to investors and industry stakeholders on gold’s emission profile.
This graphic rom the report shows potential emissions reduction and transition pathways for gold:
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