Takeaways from Haulage & Loading 2009

Takeaways from Haulage & Loading 2009

By Steve Fiscor. Editor-in-Chief

The overall theme and the tenor of Haulage & Loading 2009 was surprisingly different than past conferences. The conference, which was held during May in Phoenix, is geared specifically toward truck-shovel mining and sponsored by E&MJ and its sister publication, Coal Age. Obviously, the Bigger is Better these from year’s past would not work in the current economic climate. The group that organizing the conference decided to take a different approach, Cost Control for an Uncertain Economy, and it paid off. Throughout the technical program, mining professional from educational institutions, the mines, and equipment and service providers offered ideas on how to optimize systems and still mine safely. The surprises included: a high quality group of delegates from the mines, some frank, controversial discussions, and a very active exchange between the delegates and the presenters and the exhibitors. We at Mining Media would like to than everyone who helped make Haulage & Loading 2009 a success.

Read more ...

Base Metal Miners Take Extreme Measures to Bridge the Financial Abyss

Base Metal Miners Take Extreme Measures to Bridge the Financial Abyss

By Steve Fiscor

Mining companies have been filing their first quarter reports for 2009 and the news could be viewed as encouraging, considering the financial turmoil the world has experienced. The mining business as a whole outperformed a lot of industries because in many cases they entered the recession with strong balance sheets, healthy assets, and a manageable amount of debt. When the reality of the credit crisis set in, many of the major mining houses were already acting ahead of the curve, moving quickly from a need to grow production by any means to the current vision of conserving cash and optimizing assets. As opposed to the typical peaks and valleys of the past, mining companies deferred new projects and scaled back production inline with demand. In fact, one could argue that once the markets right themselves, the base metal miners have created the potential for another sustained period of high prices.

Read more ...

Australia Grapples with Chinese Influence

Australia Grapples with Chinese Influence

By Steve Fiscor, Editor-in-Chief

Last month, E&MJ offered details on the $19.5 billion strategic partnership between Aluminum Corp. of China (Chinalco) and Rio Tinto. The proposed deal would give Chinalco substantial interest in some of the Anglo-Australian miner’s iron ore, copper, and aluminum operations, but Rio Tinto would retain operational control. It would also raise Chinalco’s equity interest in Rio Tinto to 18% from 9.3%. This deal has some major implications for the global mining business and how it interacts with local governments and state-owned companies.

Read more ...

Gold Reserve Wins the Battle, but Rusoro Will Get the Gold

Gold Reserve Wins the Battle, but Rusoro Will Get the Gold

By Steve Fiscor

With the help of a Canadian court Gold Reserve was able to fend off a hostile takeover from Rusoro Mining during February. Gold Reserve is a Canadian mining company, which holds the rights to the Brisas gold/copper project in Venezuela (10 million oz of gold and 1.4 billion lb of copper). Rusoro is also a Canadian mining company with a large land position in Venezuela. It operates the Choco 10 and Isidora mines, processing the ore through the Choco 10 mill facility.

Read more ...

Resource Center Whitepapers, Videos, Case Studies

From the Editor

Steve Fiscor, Editor-in-Chief, EMJ, Engineering Mining Journal
Steve Fiscor heads a world class group of writers and editors serving the mining and construction markets. He has served as editor-in-chief for E&MJ since 2003 and Coal Age since 2001. He writes articles on mining and processing, organizes the technical programs for several conferences, and produces many of MMI's ancillary products.

Let's stay in touch!

All of the latest mining news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.