 | |  | Americas | Tuesday, September 30, 2014
| | | | | | Leonardo Salcedo leans against the massive wheel of a Hitachi EH5000 truck, jacked up ready for a four-hour tyre change in the extensive maintenance workshop at the Cerrejon coal mine in Colombia. "With tyres costing US$60,000 each they have to last at least two years," says Salcedo, superintendent of reconstruction in the maintenance department. | | | |  | | | | Bulk commodities such as iron ore and coal have always been a game of transport economics, and right now no-one is playing that game better than China. | | | | | | | There's no stopping Serabi Gold. The London-listed company has clinched a funding deal with Canada's Sprott Resource Lending Partnership to help bankroll development of its Palito gold mine and Sao Chico project in Brazil. | | | | | | | SPONSORED MESSAGE | | The Mining Industry is Changing Hear What Industry Experts Have to Say
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Download now | | | | | | | Lake Shore Gold has hit a rare bit of form. Coming off the back of both quarterly and half-yearly production records at its gold operations in Ontario, drilling at its Bell Creek underground mine in Timmins has now shown significant potential for more ounces at depth. | | | | | | | | Although mining is a relatively temporary activity, its ongoing obligations and liabilities can linger for a significant time after a mine has closed. Such post-closure obligations include monitoring, maintenance and treatment of tailings dams, as well as posting financial security that remains in place for as long as these other obligations last. | | | | | | | | Toronto's Noront Resources has made some headway at its Eagle's Nest nickel-copper-platinum group metals project, shoring up logistics routes so it can hit the ground running as soon as it receives the long-awaited provincial permits. | | | | | | | | A Colombian court has ruled 11 companies must stop gold mining in a nature reserve, as the country and mining association look to shore up regulation in an industry historically hampered by illegal operators. | | | | | | | There were just four independent private sector audits of conflict mineral reports in the first ever round of filings under the Dodd-Frank Act in the US, with not many more expected next year, according to law firm Schulte Roth & Zabel. | | | | | | | December, January, April. The major drilling companies diverge on when the financial year ends, but one thing they can probably all agree on is the end of the current year can't come soon enough. | | | | | | | As each new day reveals a weaker picture for iron ore, it is easy to imagine the collective groans emanating from the offices of mining executives up and down Brazil. The price has been slipping all year, from US$135/t at the start of January to around US$82/t on September 11 – the inevitable result of economic slowdown and over-supply of steel in China, combined with a glut of new iron-ore production. | | | | | | | About half of respondents to an annual survey by Ventyx represented mining companies with little or no data integration across value chains. | | | | | | | | |  |  | Not a subscriber? Start a FREE trial to view these articles and more premium content. | | | | | |  | | | Latest Supplement | | | | Message from the Western Australian Mines and Petroleum Minister | | Following the amendment of the Mineral Resources Act, the responsibilities of the former Bureau of Minerals and Petroleum as per January 1, 2013 have been divided among the Ministry of Industry and Mineral Resources, the Mineral Licence and Safety Authority and the Environment Agency for Mineral Resources Activities. | | With the Western Australian (WA) Department of Mines and Petroleum (DMP) and the WA Department of State Development (DSD) located in Perth, the State Government is supported by 11 offices in key global export and investment regions. | | | | | |  | | Events update | | October 7-9, 2014, Moscow, Russia | | | | December 1-5, 2014, Business Design Centre, London, UK | | | | December 10-12, 2014, The Grand Hotel & Suites Toronto, Canada | | | | | | | | |
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