Freeport-McMoRan Inc, the world's largest publicly traded copper miner, is "on a path" to get a new mining deal with Indonesia this year for its giant Grasberg mine, Chief Financial Officer Kathleen Quirk said on Thursday.
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According to new research from Accenture, four of five mining and metals companies expect to increase their spending on digital technologies over the next three years, with more than one-quarter (28 percent) planning significant investments and almost half (46 percent) citing digital as the biggest contributor to innovation.
Diversified firm, PT ABM Investama Tbk (ABMM) plans to try its hands into the logistics business to balance its coal industry business.
A number of Chinese firms are interested in investing into the coal processing industry in Indonesia.
“Companies need to apply the same rigor that underpins other change programs to their digital transformation. Only then will miners achieve the end-to-end process change the sector needs to achieve the next level of productivity.”
Future digital transformation of the mining and metals sector will be a critical enabler to addressing the industry’s productivity and margin challenges, according to the new EY report The digital disconnect: problem or pathway? However, the current rate of digital progress is out of sync with the scale of opportunity for many companies, the report finds.
Nickel touched a near one-year low of $8,700 per ton on the London Metal Exchange (LME) last week.
The Northern Miner recently spoke with Andy Roberts, Wood Mackenzie’s research director of global thermal coal markets, to get an overview of the sector.
With a few measures at hand, mining services firm PT Alfa Energi Investama is bracing itself to cope with the adverse impacts of continuing coal price fluctuations and boost its revenues.