Fire at ArcelorMittal’s coal mine in Kazakhstan kills 45 people

Arc and Anglo meet regulatory conditions for Zambia JV and Stornoway makes it to the news for temporarily halting operations at Canadian diamond mine.

View in browser View in browser  |  Forward to a friend  |  Signup In Brief October 30, 2023 | Up-to-date international news and features on the energy industry Spotlight Fire at ArcelorMittal's coal mine in Kazakhstan kills 45 people The fire at the Kostenko coal mine occurred on 28 October 2023, reportedly due to a methane blast. Latest news Stornoway temporarily halts operations at Canadian diamond mine The decision to place the Renard mine in a care and maintenance phase is effective immediately. Adelong secures two Brazil Lithium Valley exploration permits Adelong plans to begin an initial drilling programme after securing a permit for the third licence application at the project. Arc and Anglo meet regulatory conditions for Zambia JV The share subscription in the JV has also been concluded, with Anglo American purchasing a 70% stake. Newmont Q3 profit slips on reduced production Lower sales volumes dragged down revenues, which fell 5% to $2.5bn, despite the rise in gold and copper average realised prices. Chemaf seeks bids for business amid cash crunch With a $690m debt, Chemaf is also looking for other options such as a joint venture. Brazil's Vale registers 36% drop in Q3 2023 net income Net operating revenues stood at $10.62bn while proforma adjusted EBITDA from continuing operations was $4.48bn. Bellevue reports first gold pour at Goldfields project With a 115,000-tonne (t) stockpile of underground ore ready for production, Bellevue poured its first gold bar weighing 8.3kg. Read more news In-depth read Artificial intelligence and its growing role in driving efficiency in mining activities The AI theme is extremely prominent in mining, with companies desperate to find new methods to improve productivity and minimize costs, while also finding new sources of minerals. AI is already playing a big role; however, its influence will only grow in the years to come. AI enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. AI can help companies better understand the environment and terrain where exploitation is to begin. Free digital magazine: latest issue Issue 36 | October 2023 In this issue: A tough year for Fortescue, safety lessons learned from the Dugald River sinkhole, the top critical minerals powerhouses of the energy transition, and more Click here to view the magazine. GlobalData network Power Technology   |   Offshore Technology   |   Energy Monitor Thank you for reading. Please send any news or comments to: energy.editorial@verdict.co.uk Contact us LinkedIn | Twitter Editorial energy.editorial@verdict.co.uk Advertise with us Click here About Mining Technology Mining-technology.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London