Sourcing Finances After the Super Cycle

A credit crunch and a mining bear market have created a new generation of investors — realists — making funding challenging for some

Bankrolling the next project is not what it used to be.

The global downturn that started with a housing market crash a decade ago and continues in Europe was termed a “credit crunch.” While the central bankers move to exit the strategies deployed to ease lending and increase money velocity, in some sectors money remains tight. Manipulating interest rates and monetizing bad bets only goes so far. Miners, suppliers and their financiers say that, since the downturn, investors with expectations shaped by the crunch, new conservative investment vehicles, and high technology have changed the task of sourcing funds. A couple of recent success stories illustrate this point.

Read the Whole Article in our Digital Edition

A New Approach to Truck-shovel Mining

Employing a Surge Feeder working in tandem with a Mobile Sizing Station, open-pit miners could soon realize the continuous mining benefits of in-pit crushing, while using the existing truck fleet for haulage

Professionals in mineral processing know the MMD name and associate it with the sizer technology it introduced almost 40 years ago. More recently, the company has been finding more uses for its large sizers in the pit. They have recently launched two new pieces of equipment that could revolutionize truck-shovel mining, the Mobile Sizing Station and the Surge Feeder.

About 12 years ago, MMD built an apron feeder for a Colombian coal operation that accepted loads directly from a dragline. It proved too robust enough to process the overburden and load the haul trucks. More recently, MMD installed a semimobile in-pit sizer and conveyor (IPSC) at a Chinese mine. Now they have combined the experience from both of those operations to build a system that lets the shovel dig continuously.

Read the Whole Article in our Digital Edition

Jennmar Develops Rock Bolting Solutions

Solving the pumpable resin riddle, a new automated resin system should improve safety for hard-rock miners working in difficult geology

It’s no secret. Today’s miners are pursuing metals in deeper underground operations. In the western U.S., gold miners are encountering weak geological conditions. In Canada, some of the mines are so deep that the geology is becoming fluid. While the fluid description might be an exaggeration, what was needed in both cases was a rock bolting solution.

If the miners are going to win the battle in these extreme conditions, they will have to add some new tools to their arsenal. One of the leading ground control suppliers, Jennmar, has recently announced three big developments: the self-drilling, yieldable Multiple Point Anchor (MPA) bolt, an improved inflatable bolt with a corrosion-resistant coating, and a pumpable resin injection system, J-Lok P.

Read the Whole Article in our Digital Edition

OCP Bets Big on Rising Phosphate Demand

The Moroccan phosphate producer and world’s leading phosphate rock exporter is investing in new technology to boost its market share and cut its energy bills

As noted in E&MJ’s most recent report on fertilizer raw materials (June 2016, pp.36-43), the world’s phosphate industry has been afflicted with oversupply — particularly of Chinese fertilizer products — with the end result having been a slump in producer prices. Moroccan phosphate rock concentrate is widely used as the benchmark for world prices, based on material containing 32%-33% P2O5 (70% BPL) on the quayside at the country’s export terminals.

Between September 2014 and July 2016, prices remained stable at between $115 and $123/metric ton (mt), a far cry from the peak of $430/mt achieved in September 2008 or the $188/mt in April 2012. Over the past year, however, the trend has been steadily downhill, with the price slipping below $100/mt in January and hitting $96/mt in April.

Read the Whole Article in our Digital Edition

Resource Center Whitepapers, Videos, Case Studies