Engineering and Mining Journal back issues from July 2007:
Democrats Revive Efforts to Overhaul Mining Law
Jul 01, 2007; ... During late July, the U.S. House of Representatives Subcommittee on Energy and Minerals held a hearing on H.R. 2262, the Hardrock Mining and Reclamation Act of 2007, to consider updating the Mining Law of 1872. Taxpayer advocates and environmentalists have asked U.S. lawmakers to overhaul a law ...
Rio Tinto Tops Alcoa's Bid for Alcan; Alcoa Seen as Next Acquisition Target
Jul 01, 2007; ... Rio Tinto and Alcan announced on July 12, 2007, plans for an agreed acquisition of Alcan by Rio Tinto for $38.1 billion in cash. The offer provided Alcan shareholders with a 65.5% premium over the company's all-time high closing share price prior to May 7, 2007, when Alcoa started the bidding ...
PWC Sizes Up the Booming Mining Industry
Jul 01, 2007; ... A report by PricewaterhouseCoopers (PWC), Mine-Riding the Wave, published June 21, 2007, puts some numbers to the magnitude of the boom that the global mining industry has been experiencing over the past four years. The annual study is the fifth in a series that began in 2003 for financial year ...
Norilsk Secures Control of LionOre
Jul 01, 2007; ... Norilsk Nickel announced on June 29, 2007, that approximately 90% of the common shares of LionOre Mining had been tendered to its all-cash offer of C$27.50 per LionOre share. Norilsk extended its offer to July 10 to allow remaining LionOre shareholders additional time to accept the offer. The ...
Yamana Gold and Northern Orion Seek Hookup with Meridian Gold
Jul 01, 2007; ... On June 27, 2007, Yamana Gold and Northern Orion Resources announced that they had entered into a business combination agreement and were making a concurrent proposal to Meridian Gold with respect to the combination of the three companies. Closure of the Yamana/Northern Orion transaction was ...
REGIONAL NEWS - U.S. & CANADA
Jul 01, 2007; ... Cameco Progresses with Cigar Lake Mine Repair, Encounters Problem at Port Hope Conversion Plant Cameco Corp. reported in July that it continues to make progress on its phased plan to restore the Cigar Lake uranium project in Saskatchewan, Canada, after a water inflow on October 23, 2006, ...
REGIONAL NEWS - AFRICA
Jul 01, 2007; ... Katanga Mining's Kamoto Mill Commissioned Katanga Mining Ltd. reported that commissioning of the Kamoto concentrator began on schedule in mid-July at its copper-cobalt mine complex in the Democratic Republic of Congo. Commissioning of the sulphide circuit will be followed by ...
REGIONAL NEWS - LATIN AMERICA
Jul 01, 2007; ... Days of Unrest in Codelco's Mines Editor's note: The following is a special report written by E&MJ's South American correspondent, Oscar Martinez, editor of Mining Media's Equipo Minero magazine. A mobilization of workers such as had not been seen for many years recently ...
NEWS - PEOPLE IN THE NEWS
Jul 01, 2007; ... BHP Billiton announced that Marius Kloppers will succeed Chip Goodyear as CEO in October. The company also reported that Chris Lynch has retired from the board and from the company, and Chief Legal Counsel and Head of External Affairs, John Fast, also is retiring. Nevada Geothermal Power ...
REGIONAL NEWS - ASIA
Jul 01, 2007; ... Aluminum Producer RUSAL Spending Billions to Boost Refining and Smelting Capacity United Company RUSAL, the world's largest producer of aluminum, began construction in late July on the Taishet aluminum smelter located near Irkutsk, Siberia. The smelter project, with an annual capacity of ...
REGIONAL NEWS - AUSTRALIA/OCEANIA
Jul 01, 2007; ... Rio Tinto to Spend $1.8 Billion on Yarwun Alumina Expansion Rio Tinto has approved a $1.8 billion expansion of the Yarwun alumina refinery in Gladstone, Queensland. The expansion will more than double annual production, increasing output by 2 million metric tons (mt) to 3.4 million mt by ...
Teck Cominco Makes Friendly Bid for Aur
Jul 01, 2007; ... On July 3, 2007, Teck Cominco and Aur Resources announced an agreed C$4.1-billion cash and share offer by Teck Cominco to acquire all of the outstanding shares of Aur Resources. Aur's principal assets are its 76.5% interest in the Quebrada Blanca copper mine in Chile, its 90% interest in the ...
NEWS-THIS MONTH IN COAL: South Africa's Coal Unions Declare a Dispute
Jul 01, 2007; ... NUM, Solidarity and UASA declared a dispute with the Chamber of Mines on the third round of coal mining wage negotiations held at the Chamber of Mines offices in Johannesburg during mid-July. Eric Nwedo, the chamber's negotiator for coal, indicated that the Unions' demands, put together, still ...
NEWS-THIS MONTH IN COAL: China, Japan in Coal Price-Hike Deal
Jul 01, 2007; ... Coal miners in the north of China have agreed with Japanese buyers on a 2007 price hike of about 28% for thermal coal, while other suppliers have unprecedentedly refused to join the deal, Shenzhen Daily reported. Due to strong demand in China, which has pushed up domestic prices to historic ...
NEWS-THIS MONTH IN COAL: CVRD to Start Moatize Construction This Year
Jul 01, 2007; ... Brazilian miner Companhia Vale do Rio Doce plans to start construction on the massive Moatize coal project in Mozambique in the second half of the year, with production expected in the second half of 2010, Reuters reported. Roberto Castello Branco, CVRD's investor relations director, pegged ...
NEWS-THIS MONTH IN COAL: Indonesia Targets Rise in Coal Production
Jul 01, 2007; ... Indonesia's largest natural resource firm PT Bumi Resources Tbk and other coal producers are increasing production. Japanese trading house ltochu Corp. is considering building a railway exclusively to transport coal on Kalimantan, the Indonesian part of the island of Borneo, jointly with the ...
Australian Mining Technology
Jul 01, 2007; ... Despite a shortage of professionals, Australia continues to lead the world in production and exports its know-how globally Australia has an abundant supply of mineral resources. The country also has some challenges with complex deposits in remote locations and the associated logistical ...
Top Coal Caving Longwall Maximizes Thick Seam Recovery
Jul 01, 2007; ... Austar's longwall system offers opportunities in seams thicker than 4.5 meters Introduced and improved over the last 20 years, the Longwall Top Coal Caving (LTCC) method, used for extracting thick seams (greater than 4.5 m), was recently launched in Australia. More than 90 such longwalls ...
Maximizing Mining Tire Life
Jul 01, 2007; ... An end to the mining tire shortage could be years away. Experts offer advice on getting longer life out of your current inventory. With demand for giant mining tires still exceeding tire manufacturers' production capacity by as much as 30%, and the global population of mining-class haul ...
What's New in Blasthole Drilling
Jul 01, 2007; ... Reliability has always been key for drill builders and their customers, but intelligence-in both equipment design and drill program management-is becoming a dominant factor for success. In Service ... As is the case with most of the world's major mining districts, these are good ...
Getting It Under Control
Jul 01, 2007; ... Namibia's mine operators are focusing on efficiency, and doing it by the numbers The West African nation of Namibia has ample resources of diamonds and uranium-two of the most sought-after commodities in today's minerals market. In turn, Namibia-based producers are seeking commodities of ...
Instrumental to Growth
Jul 01, 2007; ... Dave Bignell, president and CEO of Siemens Milltronics, explains how the mining boom is boosting instrument sales and how suppliers are responding to changing needs Viewed by investors for years as sleepy legacy industries with low growth, the mining, aggregate and cement industries have ...
Avoiding FCPA Pitfalls in Emerging Mining Hotspots
Jul 01, 2007; ... A worldwide commodity boom, driven in large part by China's continued demand for raw materials, coupled with declining production opportunities in developed countries has created a "perfect storm" for Foreign Corrupt Practices Act (FCPA) non-compliance in the mining industry. The FCPA ...
Recent Simulator Training Applications Range from Self Rescue to Skills Improvement
Jul 01, 2007; ... The opportunities for simulator training on equipment of various types-widely regarded as a safety-enhancing as well as a cost-cutting alternative by busy, often short-staffed mine operators-continue to proliferate throughout the industry. Draeger Safety, for example, recently reported that it ...
Hexagon Adds Jigsaw's MineOps to Its Mine Management Product Lineup
Jul 01, 2007; ... The recent purchase of Jigsaw Technologies by Hexagon, the Swedish industrial group that is the parent company of Leica Geosystems, will allow two companies to cement an existing relationship that involved Jigsaw representing Leica Geosystems' mining products in Latin America and Leica ...
Intec and Outotec Join Forces in Chloride Hydromet Business
Jul 01, 2007; ... Intec Ltd. of Australia and Finland's Outotec announced that they have agreed to collaborate closely in the field of chloride hydrometallurgy. According to the terms of the agreement, Intec will make available to Outotec its patented mixed-halide leaching technology, which enhances the ...
New Wheel Loader Boosts Productivity and Fuel Economy
Jul 01, 2007; ... Volvo Construction Equipment says that field testing of its new flagship wheel loader-the 54-metric ton L350F-achieved an 18% increase in productivity and 46% better fuel economy than its predecessor. These improvements, according to the company, are due to the L350F's new Tier 3/Stage IIIA ...
Bauxite and Alumina Market to Reach 250 Million mt by 2010
Jul 01, 2007; ... The global bauxite and alumina market is projected to reach 251 million metric tons (mt) by 2010. Prevailing conditions in the aluminum market play a significant role in determining demand for both bauxite and alumina. Bauxite represents the largest product segment, capturing a market share of ...