Freeport-McMoRan Inc., the biggest publicly traded copper miner, is scaling back its energy business and continues to try to sell some oil and gas assets as crude prices rebound from 13-year lows.
Glencore has reportedly made a joint bid with Apollo to buy Anglo American’s Grosvenor and Moranbah coal mines. It comes just days after US billionaire Chris Cline was spotted touring Anglo American’s Moranbah coal mine, joining other rumoured interested parties such as BMA, X2 Resources, Glencore, private equity firm Apollo Group, and XCoal Energy.
New data Australian Government data is forecasting a healthy rise for iron ore and coal over the coming years.
In the Resources and Energy Quarterly, by the Department of Industry, Innovation and Science and the Office of the Chief Economist, the report posits an optimistic future and resurgence for the mining industry, albeit nowhere as strong as the previous boom.
Komatsu has released the new D61 EXi/PXi-24 dozer, adding to its range of intelligent control dozers. The dozer is environmentally friendly, featuring a 6.8L, 125kW, SAA6D107E-3, EPA Tier 4 Final emissions certified engine. It provides a high level of performance while reducing both fuel consumption and operating costs.
The Inaugural Mining & Engineering (M&E) Indonesia aims to deliver business opportunities for local and international suppliers, specializing in exploration, mining and minerals processing who are seeking increased share of Indonesia’s fast growing mining industry.
A moratorium on mining permits may be the mining sector’s solution for keeping its head above water on the back of weak commodity prices. Data from the Energy and Mineral Resources Ministry show that there have been 10,364 mining licenses ( IUP ) issued, 3,960 of which carry a non-clean and clear ( non-CnC ) status, leading to over-mining and oversupply and, eventually, lower commodity prices.
“….other advantages of the process; such as heightening the value of otherwise marginal deposits and increasing the output and export capacity of iron ore producers through beneficiation of their mining waste.” Brazilian company, New Steel, has developed a new dry iron ore tailings process to make mining more environmentally sustainable.
Some of the leading names in Australian mining will be attending the Queensland Mining and Engineering Exhibition (QME) in Mackay, 26th – 28thof July. New technologies and methods of production within the mining sector will be the main focus throughout the exhibition’s agenda, as well as discussion for the future of the coal mining industry globally.
The Indonesian government has transferred contract for East Ambalat's oil and gas block, previously held by Chevron, to Pertamina, Jakarta Globe reported last week. Chevron gave up the block citing rising tensions in the maritime border areas between Malaysia and Indonesia.
State-owned oil company Pertamina has signed a memorandum of understanding ( MoU ) with Saudi Aramco to upgrade the capacity of the Cilacap refinery. The project is expected to be completed within six years.