Excavation

In a bid to stop arbitrariness and corruption in diamond mining, India has decided to delink the industry’s excavation and exploration rights. Before, companies are granted mining rights for specific pieces of land to explore and gain profits from....
The Russian mining and metals company, Mechel, announced that it has launched two new open-pit excavators that are worth 20,821,992 dollars in its mine sites. Basically, the company has already started exploiting a heavy-duty EKG-18 open-pit excavator with a bucket...
Circum Minerals Ltd. has announced that its license application for it mining project in Danakil, Ethiopia has been approved by the country’s Council of Ministers. Under the agreement, Circum Minerals will have an exclusive access to the 4.9 billion tons...
Arena Minerals Inc. has announced that its $17.5 million joint venture with Japan Oil Gas and Metals National Corporation (JOGMEC) has received permits for a Pampa Union drill program to explore minerals in Chile. Basically, this mineral exploration program...
Residents in Pará, Brazil are asking the government to suspend a recently issued mining license for Belo Sun Mining. Specifically, the license was issued for the Volta Grande project, which is believed to be the largest gold mine in...
Oman is set to announce a new mining law, which is drafted by the Public Authority for Mining (PAM), in the first half of this year. With the new law, the country’s mining sector will be made more attractive to...
Indonesia is revising its mining rules in order to loosen up a controversial ban on exports of bauxite and nickel ore and to extend exportation of mineral concentrates. The new regulations will allow mining companies in the country to export...
The import price of 62% Fe content ore at the port of Tianjin raced 4.8% higher to $82.40 per dry metric tonne on Wednesday. The benchmark is now trading at its highest since the beginning of September 2014. Year to...
Hopes that President-elect Donald Trump will boost infrastructure spending also pushed prices higher. Metal prices rallied Monday, despite a strengthening dollar, as a pledge by China’s president to support a free-trade area in the Asia-Pacific boosted optimism about Chinese demand. Typically,...

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