Its said that the action, which was scheduled to begin with the night shift and could involve tens of thousands of workers, will affect 3 main mines other smaller miners operating in the world’s fifth-largest producer of gold. Basically ‘the strike was called when wage talks broke down after the …
Molybdenum is an indispensable ingredient in the steels used in mining equipment. It adds strength and wear resistance to the machines used to dig and process ore. It brings corrosion resistance to the chemical processes used in many mining operations. It even finds its way into the lubricants that keep …
Indonesia’s central government is offering a quarter of its 7 percent stake in the local unit of Newmont Mining Corp to the regional government where the company’s copper and gold mine is located, the finance minister said on Tuesday. “The reason is for the national interest. And we believe this …
Huckleberry molybdenum Mine will be keeping workers going for another seven years if a proposed new expansion gets approved. Huckleberry molybdenum Mine is located approximately 80 kilometres south west of Houston. “We are looking to get an extension to 2021,” he said. “We are currently going through the permitting and …
The company said “global demand for tin and tungsten, a metal commonly used for light bulb filament, was rising fast”. A piece of tungsten was uncovered in 1867 at Hemerdon but commercial mining ended there in 1944 because of cheaper imports. The tungsten mine will be 2,624 ft long, 1,476ft …
China Development bank will be helping out FTSE with boosting production of their copper mine by as much as 60% to meet growing demand from China, but lending them $1.5 billion. “Chinese companies already control one-fifth of Kazakhstan’s oil production and they are expanding their presence more and more,” said Bulat …
Listed minerals finder Zamia has reported a 56% increase in resources estimated for its molybdenum deposit based in Queensland. The latest rise has taken the molybdenum resource estimate to around 20-million tons, at 810 parts per million molybdenum. At molybdenum cut-off grade, the resource raised by 38%, to 173-million tons. …
Final work at the Climax Molybdenum Mine at the top of Fremont Pass is still happening, but is not clear when market prices for the metal will make reopening the mine feasible. According to a press release from Freeport McMoRan — the global mining company that owns Climax — recent activities …
An Environmental assessment office allowed a ‘procedural’ order that sets out the methods of a provincial environmental assessment for the wanted Kitsault Mine back in November. Its a $770million project that will restart an open pit operation that’s been unused and untouched for around 30 years. A molybdenum mine on the site …
It increased an average 26% yesterday after the company reported it has completed its $28 million (34.5%) stake in Chifeng Aolunhua Mining Co. Aolunhua is an owner of an open-pit molybdenum mine in Mongolia that’s averaged to hold 159 tons of molybdenum. Molybdenum prices have increased so much during 2010 …