Mining and Exploration

One of Turkey’s most important home-grown mining companies is weathering the decline in demand for chromium ore and continuing to supply its customers year-round.

Fortescue Metals Group has seen its share price rise by up to 17 percent after the Australian miner confirmed it had secured a $4.5 billion credit facility to pay down debts and boost liquidity. What this means is that the company has effectively extended its repayment deadline for its to debts to November 2015.

Temporary power generation and temperature control services provider Aggreko has officially opened its new service centre in Walvis Bay, Namibia.

The new facility was formally inaugurated by Honorable Willem Isaak, Deputy Minister of Mines of Namibia and Martin Foster, head of local business, Aggreko Southern and East Africa. Cleophas Mutjavikua, the governor of the Erongo region, was also in attendance. 

The facility is Aggreko's sixth service centre in Southern and East Africa and is the first operation to be based in Namibia.

Nobody’s perfect. What quality or ability do you wish you had?

I wish I had the ability to choose the right employees and the patience to train them. It seems anytime I find the right person, they get hired away from our small company and those that want to stay don't always develop skills.

What is the best business book you have ever read, and why?

MINExpo International 2012
24-26 September 2012
Las Vegas Convention Center
Las Vegas, Nevada, USA

The Olympic event for the mining industry, MINExpo International takes place every four years. Unlike the Olympics, however, the venue has not changed since it was first held in Las Vegas, Nevada in 1996.The 2008 MINExpo drew over 44,000 people (an increase of over 44 percent from the previous show in 2004), and was the largest mining trade show in the world. With your help, this year’s event could be even bigger.

A new product emerging onto the world market is setting the bar much higher for pipe construction. Alan Stothard, managing director of IQS International, explains how Huachuang steel reinforced HDPE pipe can deliver significant financial and environmental savings.

By world standards it might be a small operation but one new venture in Turkey is making a big contribution to the local community.

Nature has been very uneven in its distribution of bounties. Take gold, for example. Plenty has been found throughout North and South America. Africa and Australia are similarly blessed. China is by far the largest source of gold; but poor old Europe has been left holding all the low cards.

As the pressure intensifies on global industry to conserve water and hone efficiencies, solutions that reduce the need for water in dust control are in high demand. Rainstorm Dust Control is using its expertise, unique products and solid experience to lead a growing market.

Whitmore focuses on cutting down wear in industrial applications – the tougher the job, the better Whitmore likes it.

When we spoke to Jack Ellis he was a long way geographically from Rockwall, Texas, where the specialized lubrication company is based—though not so far semantically. The firm’s much traveled VP of sales found himself in Rockhampton, a small town on the coast of Queensland. Traveling with distributors in Australia is his favorite way of connecting with key coal mining customers in the Hunter and Bowen Valleys.

Cardero Resource Corp. plans to mine coal in Canada and iron ore in Ghana. Since acquiring the Carbon Creek asset in northeastern British Columbia its corporate focus is on being an owner-operated coal producer committed to responsible and sustainable mining, with strong and positive stakeholder relationships.