Canadian company Iamgold has announced a bought deal to divest 72 million common shares at $4.17 each, aiming to raise around $300m (C$409.59m). For this capital raise, the company reached an agreement with a syndicate of underwriters led by National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets.
DetailsNewmont Mining has announced plans to build the initial phase of Long Canyon gold mine in Nevada, US. As part of the development, the first phase comprising an open pit mine and heap leach operation is expected to produce gold between 100,000oz and 150,000oz a year over an eight-year mine life. During this period, the …
DetailsEmployment, investment and legislation. The South African mining industry has consistently increased the size of its workforce, from 406,994 in 2001 to 453,543 in 2018. This has led to a parallel increase in the tax paid by mining companies to the national government, from $1.21bn in 2010 to $1.56bn in 2018, according to the country's ...
DetailsThe large-scale adoption of four different clusters of technologies is accelerating 2 : Data, computational power, and connectivity. Embedding vast numbers of sensors in physical …
DetailsGetting a hold of GOLD - How Technology is Transforming Mining from Bedrocks to Minerals! Summary. Rapid technological advancements, including …
DetailsBarrick Niugini (BNL) has signed a binding framework agreement with the Papua New Guinea (PNG) Government to reopen the Porgera gold mine. April 9, 2021. PNG will have the right to increase its stake in Porgera mine to . Credit: Alex Banner from Pixabay. Barrick Niugini (BNL) has signed a binding framework agreement with the …
DetailsWEB31 January, 2023. Worsening global economic conditions in Q4, together with trade restrictions and supply chain issues, generated a sharp drop in full-year gold …
DetailsThe future of mining: eight bold industry predictions. The mining landscape is changing. The industry's deeply ingrained conventional views of the mining sector that served companies so well in the past are no longer likely to succeed in the future. Talal Husseini September 26, 2018. Industry experts give their insight into how …
DetailsThere is the innovation when it comes to technologies that are specific to the gold mining industry, in processing, in mining technologies.
DetailsHidden Valley Gold-Silver Mine. Hidden Valley is an open pit gold-silver mine located in Morobe Province of Papua New Guinea. Newcrest and Harmony Gold Mining of South Africa own the mine through a 50/50 joint-venture (JV) called Hidden Valley JV (HVJV), which is one of three JVs between Newcrest Mining and Harmony Gold, collectively …
DetailsLithium was the number one topic for readers in 2023, followed by coal, cybersecurity and geopolitics reporting. Lithium continued to be high up the agenda for most Mining Technology readers in 2023, with two massive discoveries hitting the headlines, while major development and production plans also kicked off across the globe.
DetailsAccording to Baldé, the artisanal mining population has now reached approximately one million and is, in large, part responsible for a significant increase in exports from around 50,000k of refined gold to nearly 70,000k. This figure has dropped slightly according to latest figures. Artisanal mining has proved a huge challenge for Mali.
DetailsCalled electrodeposition-redox replacement (EDRR), the new process combines the best of two common methods for extracting leached gold: electrolysis, which uses electric currents to reduce gold...
DetailsBarrick Gold (TSX: ABX: NYSE: GOLD) and Draslovka have achieved their goal – an 80% reduction in cyanide use by adding the GlyCat technology to the processing plant. Gold recovery remains ...
Details09: Hybrid and multicloud enable agility. While the mining industry has had a long history with partnerships like JVs, rigid infrastructure and data security issues have at times made it hard for such partnerships. However, technology, and more specifically, adoption of hybrid and multicloud services, has played a critical role in enabling ...
DetailsEcho has entered into a joint venture agreement with Boku Resources, for the mining of gold and silver in Peru. ... DIGITAL co-invests in Novamera surgical mining technologies Friday 28 June 2024 15:00. DIGITAL has co-invested CAN$3.5 million in surgical mining technologies by start-up Novamera. ...
DetailsGold production in Papua New Guinea and major projects. According to GlobalData, Papua New Guinea is the world's eighteenth-largest producer of gold in 2022, with output up by 4% on 2021. Over the five years to 2021, production from Papua New Guinea decreased by a CAGR of 7.57% and is expected to rise by a CAGR of 11% …
DetailsThis infographic highlights the need for new gold mining projects and shows the next generation of America's gold deposits.
DetailsThe 'safe haven' of gold. A primary driver of the uptake in demand for gold is the post pandemic revival of the jewellery market, which saw a six-year low in the second quarter of 2020. "Gold demand is primarily being driven by the jewellery sector at the moment, following the ongoing economic recovery as the impact of COVID-19 lessens ...
DetailsGold production in Ghana and major projects. According to GlobalData, Ghana is the world's eleventh-largest producer of gold in 2022, with output up by 9% on 2021. Over the five years to 2021, production from Ghana decreased by a CAGR of 9.66% and is expected to rise by a CAGR of 1% between 2022 and 2026. GlobalData uses …
DetailsPieces of gold. Credit: Phawat/Shutterstock. The gold price in China surged this month, at times reaching a record premium over international prices of more than $100. Over the past decade, the Shanghai premium has averaged less than $6. The price increase has been caused by a response to the challenging economic conditions in …
DetailsLundin Mining explores sale of Sweden and Portugal zinc mines. Lundin Mining is weighing the potential sale of its Zinkgruvan and Neves-Corvo zinc mines in Sweden and Portugal, respectively, reported Bloomberg News, citing people familiar with the matter. The sale…. 28 Jun 2024.
DetailsLithium production in Zimbabwe and major projects. Gold production in Vietnam and major projects. According to GlobalData's thematic research report, Artificial Intelligence (AI) in Mining, leading adopters include: Goldcorp, BHP, Rio Tinto, Freeport-McMoRan, Fortescue Metals Group, Newcrest, Barrick Gold, and Dundee Precious Metals.
DetailsA new method of underground gold mining, being tested by AngloGold Ashanti, is filling headlines in the country, as the method has the potential to reverse the decline in South Africa's gold output.
DetailsThe price of gold hit a six-month high on Monday, likely prompted by investor suspicion that the US Federal Reserve has finished raising interest rates, along with a weaker dollar boosting demand. Spot gold prices rose to $2,013.99 per ounce, taking the precious metal's gain to just over 10%. Konstantinos Venetis, commodities economist …
DetailsIn July the Ugandan Government said exploration surveys in the country had revealed vast estimated gold deposits of around 31 million tonnes. Of the behemoth find, around 320,158 metric tonnes are refined gold, with an approximate value of $12.8tn. The discovery, identified by aerial surveys, could be a boon for Uganda, which is currently a …
DetailsCredit: Petropavlovsk. At least 13 people are currently trapped under rubble following a rock collapse at Russia's Pioneer gold mine. In a statement on Telegram, governor of the Amur region Vasily Orlov said that rescue work had begun in the first minutes of the emergency, and emergency services "are mobilizing all forces and means …
DetailsGold Fields owns and operates the Agnew gold mine in remote Western Australia. In June 2019, the company announced plans for Agnew become one of Australia's first mining operations to be predominantly powered by renewable and low-carbon energy, signing an agreement with energy producer EDL for the creation of a …
DetailsAccording to the latest EITI report on Ethiopian mining, between 2018 and 2019 gold production hit 3.18 tons, generating a value of around ETB6.3bn ($126.3m), and operating as the driving force behind a mining industry whose products were valued at close to $150m by the end of the period. Yet that same EITI report noted that gold …
DetailsSaudi Arabian Mining Company (Ma'aden) has discovered significant gold extending along a 125km strike from an existing gold mine in the country. The new discovery is said to be the first find from the company's exploration programme, launched last year. Launched last year, the programme was designed to enhance Ma'aden's …
DetailsThe company now aims to increase output to between 70,000oz and 75,000oz for FY25–FY27. St Barbara managing director and CEO Andrew Strelein said: "The work achieved with Stratum AI has been highly effective in enabling the Simberi team to delineate more ore, which can be treated with the existing CIL plant. "The increased …
DetailsThe Simberi gold mine is located on the Simberi Island in the Tabar Islands Group, New Ireland Province of Papua New Guinea (PNG). The mine lies approximately 60km north-west of the Lihir Gold Project, which is one of the top ten biggest gold mines in the world. Commercial production at the Simberi open-pit mine commenced in 2008.
DetailsBoris Ivanov (BI): The world is continuing its recovery from the pandemic apace and so is the minerals industry. Since the second half of 2020, the sector has rebounded swiftly and we have seen rising demand for most mining commodities. These conditions will remain in 2022 and beyond. While gold did not have the best year in …
DetailsGlobal Gold Mining Technology Market Research Report 2021: How Technology is Transforming Mining from Bedrocks to Minerals - ResearchAndMarkets February 14, 2022 07:01 AM Eastern Standard Time.
DetailsAs minerals become more precious and difficult to find, mining companies will have to employ enhanced technology to cut costs and increase productivity, claimed Brazil Gold CEO Phillip Jennings. Therefore, the company set-up an agreement with Software Sciences (SSC) in September 2011 to explore the opportunities of unified pattern …
DetailsUnderground, mines are starting to use tele-remote load, haul, and dump (LHD) machines. Bigger mines have moved from pilot-scale deployment to adopting LHD as their new standard. For one mining …
DetailsA recent report has predicted that 5G in the mining industry will grow exponentially in the next six years, with strongest demand for the technology coming from the surface mining sector. Drone operation and AI. Drone autonomy also relies on 4G and 5G connectivity to operate successfully. With the help of rapid advancements in AI, the ...
DetailsPE series jaw crusher is usually used as primary crusher in quarry production lines, mineral ore crushing plants and powder making plants.
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