Mining Services
High Tech Deep Sea Mining Robot lost at bottom of the pacific
A deep-sea mining robot on a test mission to retrieve cobalt and nickel-containing rocks from the bottom of the Pacific has malfunctioned. Controversial plans to mine the ocean floor face a crucial test this year when a United Nations body puts forward rules …
Orocobre and Galaxy merge into a new mining company
Australian lithium miners Galaxy Resources (ASX: GXY) and Orocobre (ASX: ORE) have agreed on a merger that would create a $ 3.1 billion (A $ 4 billion) company that is the world's fifth largest manufacturer of Lithium chemicals will be the refined form of raw …
The political fight around the US mining industry hits local industries
Early last year, Darrin Lewis paid $ 800,000 for a hardware store in a tiny Arizona town where mining giant Rio Tinto (NYSE: RIO) Plc hopes to build one of the largest underground copper mines in the world. Rio buys material for the mine construction site in …
Rio Tinto reaches deal for Oyu Tolgoi financing
Rio Tinto (ASX, LON, NYSE: RIO) and its majority-owned Turquoise Hill Resources (TSX, NYSE: TRQ) have reached a deal that results in a stalemate between the companies over funding for an expansion of the massive Oyu Tolgoi copper-gold mine ended in Mongolia. …
Chile´s mining minister plans to stop planned mining bill
Chile's Mining Minister Juan Carlos Jobet said Monday that a bill to increase taxes on copper and lithium miners, which is currently being debated by lawmakers, was "unconstitutional," adding that the government of center-right President Sebastian Piñera was …
Small miners make Congo one of the largest producers of Cobalt in the world
Congo's Entreprise Générale du Cobalt (EGC) could become the fourth largest cobalt producer in the world in 2021, according to a new Roskill report. According to the market analyst, if the state-owned company is able to capture all 8,000 tons of cobalt …
Companies call for ban on deep sea mining
BMW, Volvo, Google and Korean battery maker Samsung SDI have vowed not to buy metals from deep-sea mining until the environmental risks of this activity are "fully understood". The firms are the first global corporations to support a World Wildlife Fund (WWF) …
Argonaut will be drilling for copper in South Australia despite protests
Mining company Argonaut Resources is preparing to begin drilling for copper on the shores of Lake Torrens in South Australia next week, it announced on Friday - against the declared will of local Aboriginal groups. The drilling for the Murdie project should …
First Majestic Silver takes over gold mine in Nevada
First Majestic Silver (TSX: FR) (NYSE: AG) is acquiring the Jerritt Canyon gold mine in Elko County, Nevada from Sprott Mining for $ 470 million in shares and five million share purchase warrants. As part of the deal, Sprott Mining President Eric Sprott will …
Colombia will continue to subsidize its coal industry for decades
The world's fifth largest coal exporter, Colombia, is confident that continued demand for coal in Asia will warrant the Colombian government's support for the industry for at least two more decades, even after Glencore said it would give up its mining …