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Timetric survey says 48% of European and FSU miners will adopt autonomous vehicles by 2020

A survey by Timetric's Mining Intelligence Centre (MIC) has revealed that 48% of miners in Europe and Former Soviet Union (FSU) countries intend to use autonomous vehicles by 2020. The survey polled opinions of more than 100 mine managers...

Barclays stops funding mountain-top removal coal mining process

UK banking and financial services company Barclays, the largest financier of the mountain-top removal (MTR) in 2013, has announced it will no longer finance the controversial coal mining method. In a policy document released in March, the company said...

Mongolia halts landmark deal with foreign firms over massive coal mine

Barely 24 hours after Rio Tinto-controlled Turquoise Hill (TSE:TRQ) got the go-ahead for the long-delayed expansion of the massive copper-gold Oyu Tolgoi mine, the Asian country authorities have struck again. This time, the parliament has decided to cancel a...

Harmony halts operations at Unisel mine after fatal incident

South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) announced Tuesday that an employee was fatally injured in an engineering related accident while performing maintenance work at Unisel mine near Welkom on Saturday, April 4.   The company said production at the...

Batista trial descending into farce

Brazilian tycoon Eike Batista's fortune topped out at an eye-watering $32.8bn in April 2012 when his oil and gas firm OGX's first wells went into production and his coal, iron ore, shipping and many other ventures were humming along....

Robbers grab gold worth $8m from Mexico mine

McEwen Mining (NYSE:MUX)(TSX:MUX) on Tuesday reported an armed robbery at its El Gallo 1 mine in Sinaloa, Mexico.   According to a statement an estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from...

Nautilus Minerals resumes undersea mining exploration

Canadian seafloor miner Nautilus Minerals (TSX:NUS) said Tuesday it has struck a deal with provider Gardline CGG, which will allow the company resume exploration around Solomon Islands, east of Papua New Guinea (PNG), where it is developing a gold,...

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