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Stronger gold drives Russia’s Polymetal profit

Polymetal, one of Russia’s largest gold and silver producers, said on Wednesday its 2019 net earnings rose 36% to a record high of $483-million due to stronger global gold prices and higher output. The spread of the coronavirus this year has driven a further...

Carrapateena hits nameplate target

The Carrapateena copper/gold mine in South Australia, has reached nameplate mill throughput rates, with stable operational periods at 500 t/h and in excess of 90% runtime achieved for a 24-hour period. ASX-listed Oz Minerals said that flotation recovery for several...

Coal tech fuelling self-sufficiency in Botswana

Coal-to-liquid (CTL) technology, which is the conversion of coal to liquid fuels, is a viable solution to Botswana’s fuel woes. With the country’s estimated 212 billion tonnes of coal reserves, CTL technology will turn this black gold into a valuable natural resource....

PQA cargo-handling revenues hit $10mln in 1H

Port Qasim Authority’s (PQA) cargo-handling revenues, in terms of royalty payments, reached $10 million for the first half of this fiscal year, mainly on a boost in coal-handling business, officials said on Tuesday. During last fiscal year ended June 30, 2019, the...

Indonesia’s Bukit Asam 2019 output rises

PT Bukit Asam, Indonesia’s state-owned coal miner, said on Wednesday its output in 2019 rose 10.2% to 29.1 million tonnes. * Coal sales in 2019 were at 27.8 million tonnes, up 13% from the previous year, as sales to Japan, Hong Kong, Vietnam, Taiwan and Philippines...

Panoramic puts Barminco in control

The Savannah nickel mine. Image: Barminco Panoramic Resources has handed underground operational management of the Savannah nickel mine in Western Australia to Barminco. The contractor expects additional underground fleet to arrive on site over coming weeks to improve...