COMPANIES at the junior end of the market can perhaps be typically lumped into several categories. There are serious, big picture explorers; money miners (or those that flit between commodities and regions depending on what’s in vogue for them to raise money); and those with quality management overseeing a well-reasoned and coherent strategy aimed at creating a company of note. Brazil-focussed Cleveland Mining may belong in the latter category.
GREENFIELDS gold explorer Breaker Resources is expecting to begin its latest drilling campaign this week to find the ‘big one’, with managing director Tom Sanders being very optimistic a discovery is close at hand.
AUSTRALIAN producers will continue to be big winners from the constraints shackling expansion by Vale and other Brazilian iron ore miners at home.
SOUTH African-based DRA Group has secured a key EPCM contract with Aureus Mining Inc in Liberia, continuing its three-year involvement through the preliminary economic assessment and definitive feasibility study stage of the New Liberty gold project.
DORAY Minerals Ltd had just “scratched the surface” with its exploration at Andy Well in Western Australia, the company’s managing director Allan Kelly said at the official opening of the new Murchison gold mine this week.
CUESTA Coal says a scoping study on the proposed Moorlands thermal coal project in central Queensland suggests robust economics driven by shallow coal, a low life-of-mine strip ratio, and high product yields.
THAT didn’t take long! Respected engineering company WorleyParsons has work to do to regain investor confidence after recent unexpected profit downgrades that one investment bank described as “hard to fathom”.
RUNGEPincockMinarco believes strong reviews from customers for its latest commodity-focussed scheduling product Open Pit Metals Solution (OPMS) support its view that such solutions represent the next evolution in mine scheduling.
THE old adage that change is the only constant is true of the Australian jobs market. While it’s easy to be disheartened in the current climate, a recovery is going to happen and those who have kept their finger on the pulse during this time will be best placed to take advantage of it.
BIS Industries has bought the part of Jim Cooper’s business it missed out on the first time with its acquisition of Powertrans, a manufacturer of surface and underground mine trucks.
RESOURCE Development Group (ASX: RDG) business Intellect Systems will support instrumentation and process control systems at Sandfire Resources’ DeGrussa copper mine in Western Australia under a new one-year service agreement.
“WHAT the superior man seeks is in himself; what the small man seeks is in others.” – Confucius.
GOLD mining companies should be pressed by investors to explain why they are better investments than gold bullion because, in all likelihood, they are not. More industry cost data is showing the extent of the continuing and potential value loss.
WHILE Multifactor Productivity (Australian Bureau of Statistics) is a useful measure of labour usage and capital application it is not a pure measure of mining efficiency. The PwC Opencut Mining Equipment Productivity Index (PMPI) is a better measure of the relative efficiency of opencut mining through its comparison of how much the actual equipment is moving. It has dropped 18% since 2006 and 5% from 2012-2013.
MINUS its founder Geoff Davis, the serial-disappointer of late Medusa Mining will be hoping for a change in fortune starting this week when the new SAG mill is turned back on at its Co-O gold operation in the Philippines.
IF MARK Clark of Regis Resources-fame is to be believed, Australia’s highly successful gold miner is on the active lookout for new gold projects to add to its portfolio using its relatively strong scrip. However, if the company sticks to its current strategy it will do very well to turn the rhetoric into reality.
KBL Mining will look to maintain operational improvements at the Mineral Hill copper-gold-silver mine in New South Wales into next year in the lead up to reopening its books to potential buyers of a stake in the asset.
ANOTHER year of growth beckons for the Australian engineering company that stood out from the crowd during this month’s annual general meeting season around the country’s capitals.
AFTER spending more than $A20 million on exploration and evaluation over the past couple of years, the Kerry Harmanis-backed copper and gold explorer Talisman Mining has sought (and received) confirmation of its approach in the Bryah Basin of Western Australia. However, a potential change in the company future focus would not surprise.
AUSTIN Engineering’s Michael Buckland is prepared to be more upbeat about 2014 than a lot of his contemporaries, but he’s quick to add that nothing is certain at the moment. “Anyone who says they know what is going to happen in the next six months is lying,” he says.
RON Sayers says he’s sleeping well at night despite the problems mounting at Ausdrill Ltd, the large mining contracting and services group he started back in 1987.
FORMER CEO of ASX-listed Integrated Research Mark Brayan has succeeded Lloyd Zenari as chief executive of Australian-based global mine communications company Mine Site Technologies.
MINERS and elite sportspeople don’t have much in common, right? Well, according to experienced high-performance sports trainer and coach, and managing director of Sano Health, Matt Hornsby, they have two vital things in common.
CAN the tools and methods of work that resulted in Cadia East’s sustained single-heading rates of more than 250 metres per month between 2006 and 2008 be transferred to the more complex challenge that is multi-heading mine development? In Australia, currently, it seems unlikely. However, 21st century technology could change the answer.
HE’S back. The former Mount Isa mining and trucking contractor, Ron Schliebs, has resurfaced in the mine-truck manufacturing game and he’s gone right back to basics, so to speak.
THE company with arguably the largest installed base of mine remote control systems in the world has come up with a state-of-the-art control ‘box’ for manual use that also plugs straight into tele-remote and semi-autonomous machine operating stations.
PROFESSOR Steve Hannah saw the future about 20 years ago when he presented an award to a “bright graduate” at the firm at which they both worked, Honeywell.
THE increasing cyber security threat facing the mining industry has been highlighted in a survey by global accounting firm EY, which believes the industry’s greater reliance on technology may put new strains on the robustness and integrity of current IT systems.
SIGNIFICANT mining industry representation at a large asset lifecycle management technology gathering in Australia has lent weight to the belief in the Bentley Systems camp that top-down directives in some mining companies to “pull ourselves into the 21st century” is going to drive increased investment in new IT.
“EXPLORATION geology as a profession is unrecognisable now compared to what it was 30 years ago,” respected geochemist and 2012 Geological Society of Australia Gibb Maitland Medal winner, Scott Halley, said in HighGrade (August, 2013). The role of geoscience data, though, is as important as ever.