Chinese Coal Demand is Weaken

China has long been driven the coal industries to prosperity with its great appetite. Every year there are millions of coalsfrom abroad being shipped to China in the power plant, metallurgy industries and other fields. Throughout history, coal has been a useful resource. It isprimarily burned for the production of electricity and/or heat, and is alsoused for industrial purposes, such as refining metals. Countries like Australia, Indonesia used to get great economic boost by export coal to China. 

Market watchers have expected the thermal-coal prices to rise based on robust growth in China and a global economic recovery.But weaken demand from China has led the oversupply in thermal coal exports. Global coal consumption could grow as little as 2% a year through 2017 in the face of weakening Chinese demand, according to the International Energy Agency’s most recent coal-market report.

This article come from:http://www.chinaslurrypumpmanufacturers.com/News/Chinese-Coal-Demand-is-Weaken.html

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Excellence September Exhibitions

 

With 5 major mining exhibitions all overthe world, September is one of the busiest periods for Excellence. The five exhibitionsare Mining Indonesia, Oil Sand Exhibition, EXTEMIN, Mining World, EXPOSIBRAM,covering three continents.

 

Mining Indonesia, which represent 16 international Mining and Minerals Recovery Exhibition and Conference, was held during September 4 to 7 in Jakarta International Expo Kemayoran.

 

 

 

 

 

During September 10 to 11, the Oil Sands Trade Show and Conference was held in Alberta, Canada. Alberta is located in western Canada, bounded by the provinces of British Columbia to the west and Saskatchewan to the east, the Northwest Territories to the north, and the U.S. state of Montana to the south.

 

 

 

 

EXTEMIN 2013 was held during September 16 to 20 in Arequipa, Peru. . EXTEMIN represents a meeting place for the most important mining suppliers; more than a thousand companies introduce their products and newly designed equipment and services, as well as technological advances created in the mining industry and other related activities.

 

 

 

Mining World Central Asia (UFI Approved Event) is the largest and most respected in Kazakhstan and Central Asia international exhibition of mining and metallurgic complex combining leading manufacturers and specialists and providing a full complex of technologies and services for mining and processing complex.

 

 

 

The events’ 15th edition organized by the Brazilian Mining Association was held from September 23rd to 26th, in Belo Horizonte (MG), Brazil. Our booth numbers in EXPOSIBRAM 2013 were B12, B14, C11, C13. 

 

 

 

 

 

In all the exhibitions, Excellence has celebrated its 8 years international market by inviting visitors to take part in a little activity.

 

 

Excellence is a professional slurry pump manufacturer from China. The best china slurry pump manufacture devoting on offering the solutions of Industrial slurry pump application. We offered the professional mining slurry pumpgravel pump , sand pumpvertical sump pumpfroth pump solutions and service all over the world!

 

Mining report: First of new ‘golden triangle’ mines to open next year

It is a six-and-a-half-hour drive south along Highway 37 from the Red Chris mine site to the nearest Canadian city – Terrace.

 

 

Even so, Terrace has witnessed a boom in construction work and spinoff business, thanks to the $500 million Red Chris mine project and two related mega-projects – the $740 million Northwest Transmission Line (NTL) and $700 million Forrest Kerr run-of-river power project being built by AltaGas (TSX:ALA).

“Terrace and Smithers are seeing quite a large benefit, just from the contractors working up in the area,” said Evan van Dyk, economic development officer for the Terrace Economic Development Authority.

“Several new businesses moved to town and opened up offices, the major one being Valard (a division of Quanta Services Inc. ([NYSE:PWR]). We’ve seen restaurants full and requiring a reservation, which we never had to do in the past.”

Eighty kilometres north of the mine site, the tiny town of Dease Lake has likewise seen a surge of employment.

“Anybody that’s available for work works there,” said Robert Wank, owner of Dease Lake Super A Foods grocery story, which is enjoying increased sales, thanks to contractors buying supplies at his store.

“I would say that it helps us 20% – probably more than that because, at the end of the day, my sales go up because people have money,” Wank said.

The Imperial Metals (TSX:III) Red Chris copper-gold mine is scheduled to go into production in the fall of 2014.

It will be among the first of B.C.’s new generation of greenfield mineral mines to go into operation, several of which are located in what has been dubbed the “golden triangle” between Stewart and Dease Lake.

Red Chris’s rich deposit of copper and gold was discovered in the 1950s. But without power, it wasn’t viable. It was only with the approval of the NTL that it became feasible. Indeed, the NTL and Red Chris mine are somewhat symbiotic – without one, the other would not likely be built.

With estimated reserves of 2.08 billion pounds of copper and 1.32 million ounces of gold, the mine will have an annual average production of 30,000 tonnes of ore over three decades.

“It’s very significant,” said Mining Association of BC CEO Karina Brino. “Not only is it an important deposit, in terms of its potential and mine life, but also in terms of the economic activity it’s going to create.”

“It’s the 12th-largest undeveloped copper project in the world,” said Steve Robertson, Imperial’s vice-president of corporate affairs.

The mine will start as two open pits that will eventually merge into a single pit 1.8 kilometres long, one kilometre wide and 400 metres deep. With even richer deposits farther down, the mine may eventually go underground.

“In the first five years, we’ll actually be producing some higher-grade material,” Robertson said. “We’ll actually come close to 90 million pounds of copper per year and over 52,000 ounces of gold. That average will decrease as we get out into some of the lower grade areas.”

At peak construction, the mine project will employ 500 workers on both the mine site itself and the Iskut extension – a 93-kilometre transmission line that Imperial is building to extend the NTL from Bob Quinn Lake to Tatogga, plus a distribution line to the mine site.

Once the mine is in operation, it will employ 300 miners – who will live in an on-site work camp – a significant portion of whom will come from the small Tahtlan First Nation village of Iskut.

“The workforce will be almost exclusively British Columbian,” Robertson said. “I don’t anticipate we’re going to have much in the way of out-of-province workers.”

Iskut will not just benefit from jobs – it will also benefit from clean, reliable power. The village currently generates power through diesel generators, but will be connected to the BC Hydro grid when the NTL is complete.

The Town of Stewart will also benefit from the mine, as the concentrate from the mine will be trucked there and shipped to smelters via the Stewart Bulk Terminals

Mining World Kazakhstan

Mining World Central Asia (UFI Approved Event) is the largest and most respected in Kazakhstan and Central Asia international exhibition of mining and metallurgic complex combining leading manufacturers and specialists and providing a full complex of technologies and services for mining and processing complex. Excellence is going to attend the grand ceremony during September 18 to 20 at Atakent IEC. We are looking forward to see you there.

 

Traditionally known as rich in natural resources especially oil and natural gas, Central Asia has quite depended on their resources. Excellence has provided many slurry pump solutions for local clients in various industries including mining, coal washery, metallurgy, chemistry and so on.


Excellence is a professional slurry pump manufacturer from China. The best china slurry pump manufacture devoting on offering the solutions of Industrial slurry pump application. We offered the professional mining slurry pumpgravel pump , sand pumpvertical sump pumpfroth pump solutions and service all over the world!

 

Iron Ore Processing Project

 

Project Description

Surrounded by sea, Indonesia has rich marine mineral resources along the coastline and in the sea, such as high-quality iron ore, tin ore, and gold ore. The transportation ofslurry was designed and completed by Excellence Pump. In this project, the ore would be first transported to working site. After mixing the ore with water, the mixture would be transported by excellence pump to magnetic separator for wet concentration.

 

We have detailed communication with our customer concerning their requirements and site conditions.

Analysis and confirmation of parameters

Capacity: 180m³/h

Head: 7m

Slurry specific gravity: 1.4

Concentration by weight: 40%

 

Solution

Excellence has provided pump according to customer’s demand.

Pump selection:EHM-4D

Motor selection:Y200L2-6 22 kW

 

After-Service

It was the first time that the client invested in mineral industry. Therefore, there were some problems in the application due to inexperience in preparing and management. Excellence engineer was sent to Indonesia to remove problems at the request of client. He successfully found that the problem lay in the oversight of suction lift. The project now is running smoothly after the client installed the pump under the direction of engineer. They are very satisfied with our product and service. Now, we are working together on another project.

 

Excellence is a professional slurry pump manufacturer from China. The best china slurry pump manufacture devoting on offering the solutions of Industrial slurry pump application. We offered the professional mining slurry pump, gravel pump , vertical sump pump, froth pump solutions and service all over the world! Excellence is a professional slurry pump manufacturer from China. The best china slurry pump manufacture devoting on offering the solutions of Industrial slurry pump application. We offered the professional mining slurry pump, gravel pump , vertical sump pumpfroth pump solutions and service all over the world!

 

Excellence is a professional slurry pump manufacturer from China. The best china slurry pump manufacture devoting on offering the solutions of Industrial slurry pump application. We offered the professional mining slurry pumpgravel pump , sand pumpvertical sump pumpfroth pump solutions and service all over the world!

 

 

Our products are widely used in mining, metallurgy, coal washing, power plant, sewage water treatment, dredging, and chemical and petroleum industries. Under the confidence of our clients home and abroad, we are becoming one of the most important slurry pump suppliers in China, and we have offered the professional pump solutions and service over 60 countries in the world.

Several labour lessons learnt from Marikana tragedy – Mpofu

A number of lessons were learnt by South Africa’s labour unions, as well as by platinum miner Lonmin, as a result of the events that took place at Marikana last year, Advocate Dali Mpofu stressed at labour law firm Werksmans Attorneys’ labour and employment seminar on Wednesday.

Mpofu, who is representing those who were injured and arrested during the Marikana incident, at the Farlam Commission of Inquiry, said one of the lessons learnt by the National Union of Mineworkers (NUM) was to, in future, not create social distance between themselves and their membership.

This social distance could, over time, create problems, which could cause union members to, again, feel that they have to bypass the union, which is unsupportive of their needs, in order to assert those needs, he warned.

Further, Mpofu stated that the NUM had also learnt that, if it allowed itself to attract the label of a “sweetheart union”, it was likely to lose credibility among its members.

Meanwhile, Mpofu highlighted that the most important lesson learnt by the Association of Mineworkers and Construction Union (AMCU) was that trust was earned over time.

“Although AMCU was able to benefit from the disgruntled NUM members, who subsequently joined AMCU, there is still an element of distrust from the members towards the union. The level of required trust needs to be fostered by AMCU,” he said.

In addition, AMCU also realised that it would have to ensure that it had the capacity to deal with the growth in membership numbers. “From an employer’s perspective, AMCU will have to ensure that it has a properly represented union that is trustworthy and stable,” noted Mpofu.

Lastly, Mpofu believed that Lonmin had learnt that the role of the State, for example the police, needed to be carefully considered. “How one is going to engage the police is something you have to be careful about, as in the case of the Marikana tragedy,” said Mpofu.

He maintained that the workers felt that there was too much of a partnership between the police and Lonmin, and that workers had felt like it was a situation of us against them, which may have led to their becoming violent.

Another important lesson learnt by Lonmin was to, in future, think about the bigger picture and the snowball effect its actions could create for the rest of the mining industry. Mpofu was referring to the double-digit wage demands experienced throughout the country’s mining sector, which follow those made by Lonmin workers.

Mpofu believed that more profound lessons would be learnt once the Farlam Commission had finalised its findings, but maintained that, in light of all the lessons learnt, the positive outcome of the first commemoration of the Marikana tragedy was that it marked a new epoch in the history of the country – one that has seen the creation of a platform for future positive working relations.

 

Read more:

Strikes over pay at South African gold mines have entered their second day with the standoff severely crippling the industry. There have been signs, however, that the union and the mines are considering compromise.

There have been no reports of violence since the strike began on Tuesday, with seven gold mine companies heavily affected. It was revealed on Wednesday two of those – Pan African Resources and Village Main Reef – had agreed to wage increases of between 7.5 and 8.0 percent with their workers at two mines.

It falls far short of the 60 percent hike demanded by the National Union of Mineworkers (NUM), which represents more than 80,000 miners. The NUM stated its demands were open to negotiation, but denied media reports it could go as low as 10 percent.

“We just said we would be willing to ease our demands, but it must be a double-digit increase that is worth the workers’ while,” spokesman Lesiba Seshoka told the South African Press Association.

Joseph Mathunjwa, leader of the rival Association of Mineworkers and Construction Union (AMCU), told AFP: “All AMCU will demand is a living wage.”

The mining companies had previously offered a rise of around 10 percent of the NUM’s initial demands, sparking the strike.

Sign of hope in early negotiation

The early movement by Pan African Resources and Village Main Reef to offer increased wages came as a sign of hope for the Chamber of Mines, which represents industry employers.

“That the producers and the unions can find one another in the interests of preserving these operations indicates our mutual desire to achieve an affordable and sustainable settlement,” Elize Strydom, the chamber’s chief negotiator, said in a statement.

Stoppages have proved common in the nation’s mining industry. South Africa’s production of the world’s gold has shrunk from 68 percent in 1970 to six percent last year, and the industry is experiencing sluggish growth and is rife with unemployment.

A six-week period of labor unrest in 2012 led to the death of 46 people, and Harmony Gold Mining Company chief executive officer Graham Briggs urged the demonstrations to stay violence-free.

“We are encouraged by the responsible and peaceful conduct of employees engaged in the strike, and urge all parties to uphold the law and all agreements,” Briggs said.

Iron Ore Price in 2013

Figurer.1 shows the bargaining price on the vehicles of iron ore in port Tianjin from Jan.20 to Jul.20. In the beginning of 2013, the price of Brazil iron ore price of grade 63.5% and India iron ore price of grade 60.0% is RMB 1020/t and RMB 940/t. Their price peaked in February at the price RMB 1090/t and RMB 1025/t respectively. Then there is a steady decrease of the iron ore price in the following several months. However, the iron ore price in June and July is quite steady and it is expected to keep steady or further decrease in the following months because of the rising risk on the accumulating iron ore inventory.

Iron is one of the most widely used metals in our daily life. It is the raw material of steel which has various forms and alloys offer different properties applied in sectors including construction, transport, energy, packaging, appliances and industry, etc. The fluctuation of the price of iron ore has direct connection with steel price, which determines the price of infrastructure and even the whole industry. Therefore, the price of iron has long been concerned by public.
In recent years, the iron ore price is above the normal standard of USD 100/t, the high price of iron ore leads to the decrease of the interest of steel industries and their stock. Although the iron ore price has dropped a little, it is still very expensive compared to the price of steel.

 

This article come from:http://www.chinaslurrypumpmanufacturers.com/News/Iron-Ore-Price-in-2013.html

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Canadian comet triggered the ‘Big Freeze’ 12,900 years ago: study

A comet that came crashing down over Canada roughly 12,900 years ago may have killed off the continent’s megafauna and triggered a thousand years of global cooling, according to research by Professor Mukul Sharma of Darmouth University.

Sharma’s work offers a new explanation of the Younger Dryas, or “Big Freeze” climactic period, which saw temperatures drop significantly around 13,000 years ago.

He and his team located concentrations of crystalline rocks, “formed by temperatures of 2,000 degrees Celsius,” that Sharma thinks were the result of impact from an extraplanetary body, which led to the freeze:

“[The extraplanetary body] definitely came down in Quebec…just north of the St. Lawrence River,” he told the Register.

The Younger Dryas is considered to have pushed humanity out of its hunter-gatherer stage and into agriculture. It’s also cited as having killed off such North American megafauna as saber-tooth cats and giant camels.

 

 

Read more:Mining deal value down 74% in first half of 2013, study says

Weak commodity prices, a wave of CEO firings and more than $60-billion of writedowns have slowed mining M&A activity to a crawl. And almost no one thinks it will rebound anytime soon.

A new study from PricewaterhouseCoopers LLC (PwC), to be released Thursday, details the damage. There were a total of 649 mining deals in the first six months of 2013, according to PwC, down 31% from the same period a year ago. And deal value plunged 74% in that period to US$20.6-billion.

The poor result is no surprise given recent market conditions. But it highlights just how much things have changed since the M&A frenzy of the last decade fizzled out. At times, multi-billion-dollar takeovers were routine.

Many of those deals backfired over the last couple years due to rising costs and falling metal prices, which forced companies to delay or cancel projects and record billions of dollars of writedowns. Barrick Gold Corp. reported US$9.3-billion of impairment charges last quarter alone.

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Nearly every senior mining company has replaced its CEO since the frenzy ended, and not surprisingly, the new group has a much more negative attitude towards takeovers.

“They’re looking at what happened to the last guy and saying, ‘Do I want to go and take a chance on an acquisition, knowing what the repercussions are if it doesn’t work out?’” said John Gravelle, global mining leader at PwC.

Inasmuch as large deals are happening, they have moved outside Canada and into emerging markets. The largest transaction in the first half of 2013 was Russian billionaire Mikhail Prokhorov’s US$3.6-billion sale of his stake in Polyus Gold International to two other billionaires. The second largest is a proposed US$2.3-billion privatization of Eurasian Natural Resources Corp. (ENRC) by its three Kazakhstani founders.

High-profile bidding wars have become a thing of the past, as there simply isn’t enough demand for assets. The most notable battle this year was over gold miner Aurizon Mines Ltd., which sold for less than $800-million. It is a far cry from the $20-billion auctions that took place for Inco Ltd. and Falconbridge Ltd.

The lack of deal activity is being felt on Bay Street, where Fraser Mackenzie and Stifel Nicolaus Canada closed their doors this year. Other small brokerages that relied on mining financing and M&A are also struggling.

All the same, there are some glimmers of hope for investment bankers.

While the senior miners have no appetite for acquisitions, they are keen to shed non-core assets. Canadian miners Capstone Mining Corp. and Lundin Mining Corp. have struck deals to buy assets from BHP Billiton Ltd. and Rio Tinto Ltd., and Rio is trying to find a buyer for its majority stake in Iron Ore Co. of Canada.

Mr. Gravelle noted that there is limited interest from traditional mining companies for a lot of non-core assets on the block, which raises the possibility that they could be sold to Chinese miners or private equity bidders.

“There’s a lot of interest from private equity. So how long until they pull the trigger on one of these transactions will be interesting to see,” he said.

He also anticipates more takeovers of junior miners, which have few options as they are struggling to raise any money.

Mining Sector: Alexander soars after unit is granted cobalt patent in US

Alexander Mining’s (LON:AXM) shares soared after its subsidiary MetaLeach was granted a patent in the US for a method for leaching cobalt from oxidised cobalt ores.

The patent – number 8,486,355 – has a standard term of 20 years from 6 August 2010, the date of original filing of the PCT application from which the US patent is derived.

Ariana Resources (LON:AAU) has submitted its final environmental impact assessment report for the Kiziltepe gold-silver project to the Ministry of Environment and Urban Planning.

The report was submitted via its joint venture company in Turkey, Zenit Madencilik.

The company expects that the MEUP will review the submitted documentation ahead of ministerial approval which is anticipated during Q4 2013. 

Once the company has received its environmental positive certification it will be able to proceed with final permitting for construction, targeted by the end of Q4 2013. In parallel, the company and its JV partners are negotiating finance for the construction of the mine and of expected commissioning of the mine, which is currently scheduled for H2 2014.

Chairman Michael de Villiers said: “The submission of our EIA marks a further crucial step towards Ariana and its partners commencing construction of our initial mine at the Red Rabbit gold project, before expected initial commercial production in H2 2014.”

SolGold (LON:SOLG) now holds a 50% interest, and can earn up to 85% interest, in Exploraciones Novomining S.A. (ENSA), an Ecuador-based company that holds 100% of the Cascabel concession.

Cornerstone Capital Resources holds the other 50% of ENSA. 

“With the receipt of the Environmental Licence from the Ecuadorian Ministry of Environment … and drilling expected to start in the first week of September this increase of equity in ENSA comes at an exciting time for SolGold shareholders,” said CEO Alan Martin.

Mwana Africa (LON:MWA) said it has achieved an expected annual saving of $2.6 million, against an annualised target of $5 million. The savings were achieved through directors and management agreeing to fee, salary and/or bonus cuts.

Namibian Resources (LON:NBR) posts pre-tax losses of £1.3m for the year to the end of February – up from £330,243 in 2012.

Revenues rose to £57,046 – up from £13,629 last time.

Administrative expenses rose to £1.2m – up from £277,518 a year ago.

Minco (LON:MIO) reported a consolidated first-half loss of $0.9 million, from a profit of £0.1 million a year earlier. The result included a $0.4 million write down in the value of a financial asset.

Looking ahead, Minco said it is advancing the second phase of exploration for zinc in the Pennines and plans to drill a further four additional exploration holes in Cumbria and Northumberland.

The Lundberg lead/zinc project is at pre-feasibility study stage and the Woodstock manganese project is at preliminary economic assessment.

Minco also holds a 2% net smelter royalty in the Curraghinalt gold deposit in Co. Tyrone, Northern Ireland, currently being explored by Dalradian Gold Inc.

Meanwhile, Minco remains in a healthy financial position and we continue to review a number of other investment and acquisition opportunities. 

Kibo Mining (LON:KIBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, has received commitments to a share placing of 22.1m new ordinary shares at a placing price of 5p per share to raise gross proceeds of £1,105,000 before expenses. 

The funds raised will be applied towards the company’s exploration programmes in Tanzania and for general working capital purposes.

Louis Coetzee, Kibo’s CEO, commented: “Kibo is pleased with the successful outcome of the latest placing. This will allow the company to maintain and continue building on the momentum the company has been able to generate over the past months on its promising mineral projects in Tanzania.”

GoldStone Resources (LON:GRL) posts pre-tax losses of $6.5m for the year to the end of February – up from $5.7m last time. 

Chief executive Jurie Wessels said: “Despite challenging market conditions, we have made significant progress at all of our projects and yielded encouraging drilling results at Sangola, Oyem and Ngoutou. 

“In the coming months we will continue with cash conservation measures in order to stretch the funds raised in the recent placing and will be doing only essential exploration work at our permits. 

“By leaving major exploration to joint venture partners such as Randgold and Ferrex and potentially by selling Homase/Akrokerri, we are seeking to add significant value to GoldStone with minimum expenditure.”

Perseus near doubles revenue in 2013

Dual-listed gold miner Perseus Gold has nearly doubled its revenue during the financial year ended June, compared with 2012, as the company reported its first full year of production at the Edikan gold mine, in Ghana.

The ASX- and TSX-listed Perseus on Friday reported that total income for the 12 months to June had increased to $293.7-million, compared with the A$145.7-million reported over the previous financial year.

This was driven by a 52% increase in gold production from the Edikan mine, which produced some 208 444 oz during the full year, and followed the first full year after production following the successful commissioning of the project processing plant.

Despite the record revenue, Perseus reported that net profit for the year declined to $41.4-million in 2013, compared with the $52.4-million reported in 2012, which reflected the lower gold price, higher operating expenses, as well as a number of write-downs on investments.

“Our financial performance in 2013 was very solid, especially taking into account the recent volatility in gold price and technical challenges that needed to be overcome during the year at our flagship operation, Edikan,” said MD Jeff Quartermaine.

He noted that the company’s focus for 2014 would now be on building on its 2013 performance by improving operational efficiency as a means of maximizing the cash margin at Edikan.

Perseus would also look to develop its Sissingue gold project, in Cote d’Ivoire, during 2014.

The project is estimated to have a measured and indicated resource of some 18.9-million tonnes at 1.5 g/t gold for 925 000 oz, as well as an inferred resource of some seven-million tonnes at 1.3 g/t for 291 000 oz of gold.