Fluor JV Granted Contract for BHP Spence Growth Project in Chile

On Monday, September 25, Fluor Corp. announced that its joint venture team was awarded an engineering, procurement and construction contract for BHP’s Spence Growth Option project at the Spence open-cut copper mine in northern Chile. The 50/50 joint venture with SalfaCorp is responsible for the delivery of the 95,000-ton-per-day copper concentrator and associated works. Fluor will book its share of the value in the third quarter of 2017.

Read more ...

Near-mine Drilling Pays Off for 3 Australian Gold Miners

Over the span of about two weeks in late July and early August, Northern Star Resources, Kirkland Lake Gold, and Doray Minerals each reported significant results from near-mine drilling at their mines in Australia. For Northern Star and Kirkland Lake, the drilling produced noteworthy additions to mine reserves, and at Doray’s Deflector mine, discovery of a new, near-mine, high-grade zone has the potential to extend mine life.

Read the Whole Article in our Digital Edition

Rio Tinto Opens Silvergrass Iron Ore Mine in Western Australia

Rio Tinto officially opened its Silvergrass mine in Western Australia on August 30. The $338 million Silvergrass project is the 16th mine at Rio Tinto’s iron ore operations and will produce low-phosphorous ore crucial to maintaining Rio Tinto’s premium Pilbara Blend product. Full commissioning is scheduled before the end of the year and the mine will add 10 million metric tons of annual production capacity to the company’s portfolio.

Read the Whole Article in our Digital Edition

Freeport, Indonesia Agree on Plan for Operating Rights

Freeport-McMoRan (FCX) and the government of Indonesia have reached an understanding on a framework to support PT Freeport Indonesia’s (PT-FI) long-term investment plans in Papua. PT-FI will convert its Contract of Work to a special license (IUPK), which will provide the company with long-term operating rights through 2041. PT-FI will commit to construct a new smelter in Indonesia within five years. In return, the government of Indonesia will provide certainty of fiscal and legal terms during the term of the IUPK.

Read the Whole Article in our Digital Edition

Resource Center Whitepapers, Videos, Case Studies