"We reached our goal to extend the life of the lining, thanks to the product support and service given by Metso at every stage," says Gustavo de la Torre, Mineral Processing Manager of Cerro Lindo.Cerro Lindo is an underground copper mine with an average daily production of 20,000 tons. The mine is located in central Peru, 175 kilometers southeast of the capital city of Lima, and operated by Nexa...Read More
Seemingly minor details can make a major difference in unplanned costs. Valves are small, yet essential part of mining industry processes, and if problems with the valves should occur, it can lead to unplanned downtime and the equivalent losses in output.The downgrading of valve specifications as a cost-saving measure at the Tarkwa mine, the largest gold producer in Ghana, proved to be counterprod...Read More
A short article looking at the sound reasoning for using advanced slurry valves in a number of industries where targeted efficiencies and productivities require process parameters that may seem totally intolerable for materials and construction - namely nonstop exposure to abrasive and erosive solids that often move at very high velocities.Fully complying with engineering codes, safety standards a...Read More
"We reached our goal to extend the life of the lining, thanks to the product support and service given by Metso at every stage," says Gustavo de la Torre, Mineral Processing Manager of Cerro Lindo.Cerro Lindo is an underground copper mine with an average daily production of 20,000 tons. The mine is located in central Peru, 175 kilometers southeast of the capital city of Lima, and operated by Nexa...Read More
In the world of modern-day mining, two considerations are always uppermost in company boardrooms. The safety of employees is the greatest priority, while the need to be competitive in increasingly tightening business conditions comes a very close second. Miners analyze every aspect of their operations in the minutest detail in search of the marginal gains necessary to improve efficiencies and boos...Read More
Oil prices are soaring after OPEC and Russia agreed to a production cutU.S. stocks are selling off again, with the Dow Jones Industrial Average (DJI) down more than 200 points at midday. A tepid November jobs report did little to jump-start markets this morning, with the blue-chip index pivoting sharply lower. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the red as well, under...Read More
We are almost at the extreme below the mean for the E-mini S&P, which is a very good indication that prices or the volatility is beginning to increase.E-mini closes above 2,650, above 2,668, and above 2,571, would confirm that all three trends (daily, weekly and monthly) have bottomed - an excellent time to go long.The stock market and silver market appear to have reach harmonically driven lev...Read More
Located at G??llivare, Sweden, LKAB's Malmberget iron ore mine was facing high maintenance times on its conveyor systems due to wear and tear from material impact on the belt. After installing Metso's impact cradles and belt cleaners, the plant was able to extend belt life as well as significantly cut down on roller change-outs, reduce material spillage and improve safety.The end product for the c...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
"The London Stock Exchange has fined #AIM star Bushveld Minerals ?490k for not disclosing a material deal in 2016, ignoring its former Nomad's advice | https://t.co/64LYOgzLL6$BMN #BMN"Read full newsRead More
TORONTO - Ontario's Government for the People is delivering on its promise to repeal the Green Energy Act, 2009, that led to the disastrous feed-in-tariff program and skyrocketing electricity rates for Ontario families."The Green Energy Repeal Act eliminates a piece of legislation that introduced disastrous changes to Ontario's energy system that led to rising electricity rates for families and bu...Read More
Grupo Mexico Buena Vista del Cobre is constantly seeking opportunities to improve its grinding process. The goal is to reduce downtime by shortening the reline time from seven to four days. Based on the current prices of metal and plant recovery, this would mean a savings of up to US$900,000. To reach the goal, the mine decided to install Megaliner?,,? mill liners from Metso. Read more here.Read More
The shares are rallying on the bull noteRBC initiated coverage on Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) with an "outperform" rating and $23 price target -- a 245% premium to last night's close. The analyst in coverage waxed optimistic over the long-term upside potential of the drugmaker's lead drug lenabasum, which is currently undergoing trials in patients with cystic fibrosis and sys...Read More
* India discount at $1.5 versus $2 premium last week* Spot gold hit 5-month peak on Thursday* Higher prices hurt demand in SingaporeGold was sold at a discount this week in India for the first time in a month as a rebound in local prices prompted jewellers to postpone purchases, while demand improved in top consumer China due to seasonal buying. Gold is considered an essential part of weddings in...Read More
• The commodity has been steadily climbing alongside an ascending trend-channel formation on intraday charts and is currently placed at the middle of its daily trading range. Gold 15-mins chart • On the 1-hourly chart, the downside remains supported by a short-term ascending trend-line and the metal has managed to hold comfortably above intrad...Read More
NEW DELHI - India's environmental court said it will resume hearing Vedanta Ltd's case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorities in Tamil Nadu state h...Read More
NEW DELHI - India's environmental court said it will resume hearing Vedanta Ltd's case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorities in Tamil Nadu state h...Read More
TSLA shorts have been heading for the exitsThe shares of Tesla Inc (NASDAQ:TSLA) are up 3.5% to trade at $375.93, after Jefferies upgraded the electric car maker to "buy" from "hold," while boosting its price target to $450 from $360 -- a 24% premium to Thursday's close. The analyst in coverage believes the company will continue to "stand out" next year, and applauded Tesla's strengthening balan...Read More
MO stock is also higher on the newsThe shares of Canadian pot stock Cronos Group Inc (NASDAQ:CRON) have skyrocketed out of the gate today, after cigarette maker Altria Group Inc (NYSE:MO) said it would take a $1.8 billion, 45% stake in the company. CRON stock rallied earlier this week on rumors of Altria buyout interest. At last check, the equity is up 33% at $13.89, on pace for its highest close...Read More
The Apple supplier reported third-quarter earnings and revenue beatsThe shares of Broadcom Inc (NASDAQ:AVGO) are up 4.7% this morning at $237.85 -- putting them on track for their biggest one-day gain since Sept. 7 -- after the Apple supplier reported adjusted third-quarter earnings of $5.85 per share on $5.44 billion in revenue, more than analysts were expecting. Citing strong data center demand...Read More