by Gordon Barratt | Jul 3, 2020 | News
Copper concentrator at the Oyu Tolgoi mine at night. Image: Rio Tinto Rio Tinto has recommended a new underground mine design for the Oyu Tolgoi copper-gold operation in Mongolia, bumping up its development capital by $1.3–$1.8 billion. This concerns Panel 0 of the...
by Gordon Barratt | Jul 2, 2020 | News
The COVID-19 pandemic didn’t stop the world’s largest gold mining complex from surpassing all expectations during its first year of operation, according to Barrick Gold Corp. CEO Mark Bristow. The Elko, Nevada-based Nevada Gold Mines, a joint venture between...
by Gordon Barratt | Jul 2, 2020 | News
Out of Spain’s 15 coal-fired plants, seven ceased operations on June 30. Four more will soon follow, putting Spain on track to ultimately become coal-free. The country closed all its coal mines two and a half years ago as a result of the European Union banning their...
by Gordon Barratt | Jul 2, 2020 | News
We’ve always had difficulty understanding why US electric companies have not simply closed down old, smaller and least efficient coal-fired power plants quickly. From a simple bargaining perspective we thought the US utility industry would have jumped at the chance....
by Gordon Barratt | Jul 2, 2020 | News
The cost of moving commodities like coal and iron-ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to...
by Gordon Barratt | Jul 2, 2020 | News
Anglo American is advancing plans to convert its fleet of giant diesel-fueled mine trucks to hydrogen power as the company seeks to burnish its green credentials. More than 400 mine-haul trucks could be rebuilt to use hydrogen fuel, with a pilot project starting next...
