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China’s gold market: progress and prospects

The World Gold Council recently released a major report, China’s gold market: progress and prospects, examining the factors that have driven China’s rise to become the number one producer and consumer of gold since the market began liberalising in the late 1990s. It also highlights why, despite this steep growth in demand, the market will continue to expand, irrespective of short term blips in the economy.

Satcom Global debuts new brand marking milestone in global expansion

Leading satellite communications service provider, Satcom Global, has unveiled its new global brand as “the latest step in its journey towards significant growth.” It says it reaffirms its “commitment to delivering innovative satellite communications solutions with truly great personalised service. The rebranding comes at a crucial time signifying the union of all of the group’s satellite communications services including those of acquired business AND Group, under one strong, global brand identity.”  AND Group and Satcom Global have been integrating following their acquisition by Broadband Satellite Services (BSS) last year.

Joy Global acquires certain assets of Mining Technologies International

Joy Global has entered into a definitive agreement to purchase certain assets of Mining Technologies International (MTI) for C$51.0 million. MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a world leading supplier of raise bore drilling consumables. Joy says it “is acquiring substantially all of the assets associated with MTI’s hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines.”

Chemaf Etoile in DRC opts for new Bell ADT fleet

The Chemaf Etoile copper and cobalt mine in DRC is situated just to the east of Lubambashi, capital of the mineral-rich Katanga Province. Until fairly recently, the mine used the well-known DRC contract miner MCK Trucks but when the decision was made to switch to owner operator mining, Georgy Kimenwenze, Chemaf’s Mine Manager said there was “no hesitation in buying similar equipment to that of MCK, which was earthmoving equipment from Bell Equipment,” Georgy adds. “This was as direct result of seeing the equipment’s performance and equally important, the technical back-up service MCK Trucks enjoyed from Bell Equipment.” Chemaf bought four Bell B40D ADTs, a Bell HX500E excavator, two Bell L2706E wheel loaders and a Liebherr PR754 dozer.

New report stacks the screening decks for success

W.S. Tyler has added a new Efficiency Report to the long list of Pro-Deck benefits for customers. The five-step Pro-Deck approach offers a thorough vibration analysis and inspection of every machine, as well as screen media optimisation to make sure operations are producing at their peak. A W.S. Tyler specialist examines the forces, friction and stress points of all vibrating screens, as well as the environment in which the machines operate. The Pro-DeckTM system involves the use of different screen media on the same deck, depending on the specific application. The goal is to increase productivity and decrease change-outs and downtime.

Enhancing mining’s contribution to the Zambian economy and society

Representatives from government, industry, civil society and donor organisations met in Lusaka, Zambia to discuss mining’s contribution to the country. On April 10, ICMM launched its new report Enhancing mining’s contribution to the Zambian economy and society at an event hosted by the Chamber of Mines of Zambia. The launch event was opened by the Minister of Mines, Energy and Water Development, Honourable Christopher Yaluma who introduced the Guest of Honour and keynote speaker, Zambia’s Vice President, Honourable Dr Guy Scott.

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