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Canadian miners trapped in elevator
29 Oct 2016 - Four employees at Agrium's Vanscoy potash mine, located 30 kilometres southwest of Saskatoon, were trapped in an industrial elevator for six hours on Wednesday evening.

According to CTV, the workers were coming up the mine shaft in the lift at about 10:30 p.m., when an object fell down the shaft. The incident activated a safety device and caused the elevator to come to a stop.

Worker dies at La Escondida mine
23 Oct 2016 - A 22-year-old man died early Friday morning while performing maintenance work at La Escondida copper mine in Chile.

The man was identified as Rudy Henry Ortiz Martínez and he belonged to Cainsa, a subcontractor that works within the project 57.5% owned by BHP Billiton and 30% owned by Rio Tinto.


It’s time to invest in gold: Haywood
23 Oct 2016 - The gold industry has firmly overcome so many obstacles in 2016, while at the same time reinventing itself, that there are no signs of the weakness some analysts talk about.

This is the main takeaway from Haywood Securities latest Gold Producers Industry Report.

The investment dealer remains constructive on the yellow metal sector by pointing to its relatively stable prices and producers’ optimized operations. “After giving up some early gains, the gold price has traded sideways and more recently has shown a degree of strength moving above $1,260 per ounce with the commodity’s ETF balance maintaining a modicum growth.

Battle against Nevada molybdenum mine goes to appeals court
19 Oct 2016 - A San Francisco court of appeal is expected to hear today from Eureka Moly (subsidiary of General Moly), the Bureau of Land Management, and two NGOs that oppose the proposed Mt. Hope mine near the southern town of Eureka, Nevada.

Attorneys for the Great Basin Resource Watch and the Western Shoshone Defense Project will ask the three-judge panel to overturn a Reno federal district court’s ruling that upheld the permits for the molybdenum mine in 2014.

Thermal coal just hit $100 per tonne and may stay this high until 2017
19 Oct 2016 - The amazing rally in thermal coal reached a whole new level Tuesday after Australian spot prices hit $100 per tonne for the first time since 2012.

While some experts have indicated current prices won’t last, others such as Indonesia’ Coal and Minerals Director Bambang Gatot believe they will stay as high as they are now until at least the end of the first quarter of 2017.

Konkola Copper Mines shuts smelter
18 Oct 2016 - Konkola Copper Mines, a subsidiary of London-listed Vedanta Resources, has shut down its gigantic Nchanga Smelter in the city of Chingola, located in Zambia’s Copperbelt Province.

The closure, which is expected to last for 40 days, is explained by the company as a needed maintenance measure, which will debottleneck the smelting stream to its capacity and result in a 35% rise in production.

Armadale discovers high-grade coarse flake graphite mineralisation in Tanzania
8 Oct 2016 - London-based Armadale Capital announced Friday a preliminary discovery of high-grade coarse flake graphite mineralisation close to the surface at its Mahenge Liandu project, located in the Ulanga District in southeast Tanzania.

In a report compiled by Matt Bull, who is a Member of the Australian Institute of Geoscientists, the company states that wide intervals of graphite schist, logged as high grade, have been intersected on the first reverse circulation drill line completed with mineralisation commencing from near surface.








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