Technology set to support jobs

One of Australia’s leading innovators in mine site automation suggests the technology is more likely to support the jobs of workers rather than take them away. Speaking ahead of Asia Pacific’s International Mining Exhibition (AIMEX) and conference in Sydney from August 27-29, Joe Cronin says the use of teleoperation technologies and robots in underground mines creates much more efficiency and output but will still need humans to operate the system. “I’m yet to be convinced in Australia that automation has ever put anyone out of a job,” Dr Cronin says.…

AngloGold achieves mixed Australian production results

AngloGold Ashanti’s strong gains in second quarter production could not stop the company from recording a slight decrease in output over the first six months of 2019. The company’s production increased seven per cent in the second quarter over the previous period, rising from 752,000 ounces to 801,000 ounces. AngloGold, however, produced 1.554 million ounces of gold at a total cash cost of $US792 ($1165) an ounce in the first six months of 2019, compared with 1.578 million ounces at a cash cost of $US807 an ounce in the same…

Beament’s conduct to be revealed

Bill Beament’s ‘squeaky clean’ reputation misleads people into thinking that his intentions are good and honest. A ‘treasured gem’ to his loyal minions in Northern Star Resources (NST), but a fool’s gold because of his deceptive ways. Market insiders can see through his guise of a ‘credible’ leader. Standby as we wait on our legal team to enable us to publish allegations of: Beament’s oppressive conduct Bill Beament’s autocratic dictatorship, oppressive conduct, breaching of fiduciary duties, misleading conduct, and a list of other claims make his partners, investors, and shareholders…

UGL inks $260m in mining and rail services contracts

CIMIC Group’s services company, UGL, has been awarded $260 million worth of new rail and mining services contracts across Australia. In the mining services sector, UGL’s contract wins include delivering multi-disciplinary services such as mechanical and piping, electrical and instrumentation, painting and insulation services over a three-year period. In the rail sector, UGL has secured additional work in operations and maintenance, and manufacturing services. CIMIC Group chief executive officer Michael Wright said the new contracts highlighted the company’s standing as Australia’s premier rail and mining services provider. “Our end-to-end capability…

Glencore rejected from Ironbark board

Glencore’s attempt to gain board representation at junior Ironbark Zinc has fallen through, with arbitration proceedings concluding in the major miner’s claim being dismissed. Following the resignation of director nominee, David Kelly, stepping down from his position on the board of Ironbark, Glencore had pursued a replacement. The board of Ironbark has since pushed back against Glencore’s claims that it had a contractual right to appoint a nominee director to the Ironbark board, according to a statement. Ironbark said that it disagreed that Glencore had a contractual right to an…

Handling the pressure: ESS unveils the safest air cannon yet

ESS’s latest system is ramping up productivity for bulk flow operations and protecting workers at the same time. Safe to Work investigates. The build-up of materials in bulk storage systems is a common bulk materials handling issue. When silos and bunkers accumulate material around their perimeters, it can slow operations down or even stop bulk material flow altogether. Air cannons are pressure vessels with attached valve mechanisms that blast air at high-velocity speeds approaching speeds of up to 1100 kilometres an hour, which is approaching the speed of sound (Mach…

Stanmore Coal receives fresh takeover proposal

Stanmore Coal has received an acquisition proposal from Winfield Group Investments for an equity valuation of $390 million to $442 million. The board of Stanmore Coal has engaged with Winfield Group subsidiary, Winfield Energy to finalise a process deed to facilitate due diligence on the agreement. Indicative pricing for the proposal is within the range of $1.48 to $1.90 per share. Winfield Energy is a privately owned company with a 12.5 per cent interest holding in the Rolleston mine in Queensland’s Bowen Basin. There is no guarantee that the indicative…

Altura bolsters Pilbara holdings through Sayona agreement

Altura Mining is set to significantly expand its existing tenement holding in the Pilbara, Western Australia through investing in the exploration portfolio of emerging lithium miner Sayona Mining. Both companies have struck an earn-in agreement, where Altura could earn a 51 per cent interest over Sayona’s portfolio in Pilgangoora by spending $1.5 million on exploration across the project portfolio over a three year period. The tenement package consists of around 1806 square kilometres, with proximity to Altura’s existing mining and processing infrastructure. Altura is confident the strategic location will significantly…

The drive to improve performance

Nord Drivesystems’ Industrial Gear Units have helped raise the bar for a Western Australian producer’s conveyor drive systems. Drive systems are the beating heart that gives life to conveyors and feeders – it is therefore important that miners keep them in good health. Operators need to ensure that conveyor drives are sufficiently lubricated, well-ventilated and expertly housed to avoid degradation over time. Understanding this, Germany-based Nord Drivesystems’ developed its Unicase principle of design in the 1980s to provide a compact, singular housing with no dividing seams between the drive and…

Lucapa boosts diamond sales from Lulo and Mothae

Lucapa Diamond Company has earned $8.8 million in its latest diamond sales from the Lulo and Mothae mines in Africa. This latest round takes the total sales from both mines to $50.2 million for the year to date. Lulo’s run of mine parcel of 3558 carats of diamonds sold for gross proceeds of $6.3 million, representing an average price per carat of $US1234 ($1768). It did not include the high-value 46 carat Lulo pink diamond, which is being considered for cutting and polishing by the Lulo partners to capture margins…