Metals Economics Group’s (MEG) 19th Edition of Corporate Exploration Strategies (CES) shows that the planned 2008 nonferrous exploration budgets included in the study total $12.6 billion this year. MEG estimates that the budgets of the 1,912 companies included cover 95% of worldwide commercially oriented nonferrous expenditures. When the remaining 5% is added, exploration expenditures reach $13.2 […]

GAF has been awarded a contract to design and establish the new automated and countrywide Mining Registry and Cadastre System for Mongolia. GAF starts work on-site this month. The project under the Governance Assistance Program (GAP) aims to improve governance in the mining sector, through the establishment of a transparent system to grant, manage and cancel […]

Imagery is in demand. For people who use geographic information system (GIS) technology, imagery is essential as a natural background, a source for creating maps, and a tool for direct data interpretation. GIS users working to manage and access imagery have a new resource in Lawrie Jordan, ESRI’s Director of Imagery Enterprise Solutions.

Producer de-hedging slowed in the third quarter, with 2.03 Moz (63 t) removed from the global book. Although a solid reduction, this represented the smallest quarterly cut to the outstanding hedge book since late in 2006. This left the total book, in delta-adjusted terms, standing at 16.92 Moz (526 t) at end-September. In the third […]

HudBay Minerals and Lundin Mining have agreed to a business combination that will create a new Canadian leader in global mining. After the combination, HudBay is expected to be the second largest base metals company in Canada measured by market capitalisation. It will have a broad portfolio of producing assets in Canada, Portugal, Sweden, Spain, and Ireland, […]

The port of Posjet lies in the very far east of Russia, close to the Chinese and North Korean borders. Mechel makes its bulk coal shipments to Japan, Korea and Southeast Asia from here and is investing heavily in the upgrade of the port. Mechel has contracted ThyssenKrupp Fördertechnik to supply all the required bulk […]