Newcrest Mining Ltd, Australia's biggest gold company, has delivered a record annual profit and says it is being sought after by third parties to partner on projects as the credit crisis squeezes access to funding. read more »
BHP Billiton Ltd, the world's largest mining company, expects demand for commodities and growth from China to remain strong, after delivering another record annual profit. read more »
Zinc miner Terramin Australia Ltd says it is not operating at a loss unlike some of its peers and that the metal's price will recover from its low levels in coming months. read more »
British mining company Lonmin PLC ramped up its defence against a hostile US$10 billion takeover approach from Anglo-Swiss miner Xstrata PLC on Wednesday, telling shareholders that the offer does not recognize its potential for growth. read more »
Shares in Cameco Corp. (TSX:CCO) dropped more than five per cent Wednesday morning after the company reported increased rates of water flowing into its flooded Cigar Lake uranium mine. read more »
High hydrostatic pressure, difficult geological conditions, ground freezing and many more details about this non-entry underground operation are being provided by Minesites.read more »
RBC Capital believes Harmony is slowly starting to deliver after completing its restructuring and expects more operating and cost improvements from the company.
De Beers has raised rough diamond prices by 16 percent so far this year, including another price hike in August, due to strong demand, but cautious about second half.
In just months, 43 listed miners, developers and explorers of silver have seen 51% of their market value, worth some USD 21bn, go begging as silver bullion crashes down by 40% in price.
Mining Field: Koepe/Friction HoistsArea: Hoist Wheel Specifications (Rule#274)
Rope tread liners on the hoist wheel should be grooved to a depth equal to one-third (1/3) of the rope diameter when originally installed or replaced. The replacement (discard) criterion is wear to the point that there is only 10 mm (3/8 inch) of tread material remaining, measured at the root of the rope groove.
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