Arrium Mining partnership to upgrade iron ore waste

Customised hydrocyclone set up on CDE Mining zero tailings project

CDE Mining has partnered with Arrium Mining to process and convert almost 17 million tons of low grade iron ore fines in waste dumps into saleable product.

The investment involves the provision of two new processing plants in Australia, with the first to be located at Arrium’s Iron Knob mining location in South Australia.

This plant will process the stockpiles of low grade iron ore that have accumulated over time at the Iron Monarch and Iron Princess deposits and will then target processing of the local scree ore deposit. It will have an annual processing capacity of 1.8 million tons, a feed rate of 250 tons per hour and will run for 24 hours a day, 365 days a year.

The second plant will be located at the Iron Baron site, processing its stockpile before progressing into the Iron Empress and Iron Baroness Scree ore deposits. The plant will be integrated into the front end of an existing gravity separation circuit, and will be fed at a rate of 700 tons per hour for an annual processing capacity of 6.1 million tons.

The upgrading of the iron content of the low grade dumps will involve removing silica and alumina from the feed material. The plant will also remove clays from the feed material and the combined effect will see the iron content increase from between 43.4 per cent and 52.7 per cent in the feed to nominally a 60 per cent iron ore product.

The processing plants will also use a range of equipment from CDE’s product portfolio.

Metso supplying comminution and processing for Tibetan copper

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Metso is supplying key minerals processing equipment to Tibet Julong Copper for one of the largest greenfield copper projects in the world. The full delivery of minerals processing equipment to the Qulong copper mine covers engineering, a full scope of advanced minerals processing equipment and advanced process control system including six crushers, eight SAG grinding mills, eight ball mills and eight stirred mills, four vertical plate pressure filters and 16 vibrating screens, as well as related services like installation, start-up, commissioning and technical direction.

The Qulong copper mine, owned and operated by Tibet Julong Copper, has a proven copper metal reserve of more than 7 Mt, Metso reports. The in-the-pit mining and concentrator operations will be located on the Qinghai-Tibet Plateau. The mine is being built in three phases between 2016 and 2018. After its completion, it will be China’s largest and most modern copper mine with an annual design production capacity of 560,000 t of copper and a daily processing capacity of 300,000 t of ore. The mine is estimated to be in production in 2018.

“Qulong has huge ore reserves. Our target is to build the world’s leading mine with sustainable mining and minerals processing operations using the most advanced equipment and processes in the world. We aim for high productivity and low cost in the most environmentally friendly way possible. The dedication Metso has shown to the project has been incredible and has assured us that Metso employees regard our aims as their own. We are impressed with Metso’s industry-leading, energy-saving solutions and sustainable optimization services. This, combined with Metso’s strong local presence and knowledge, is the reason why we chose Metso to supply the equipment for the critical processes.” says Mr Xiao, President of Tibet Julong Copper Co.

“We are very proud to be the supplier of key comminution and process equipment for this unique project.  We have a track record of delivering what we promise to our customers and we have excellent project management capabilities to execute projects for logistically difficult high altitude locations. During the process of winning this order we have yet again been able to demonstrate our core values of customer centricity and teamwork,” says Joao Colagrossi, President, Minerals Capital business area at Metso.

Tibet Julong Copper Co, founded in 2006, is a privately owned company headquartered in Lhasa, the capital of the Tibet Autonomous Region, with registered capital of RMB3.5 billion. It owns the Qulong and Zhibula copper mines, both located in Maizhokunggar County.

CMIC·16 澳大利亚采石行业协会2016年会(参展商)

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CONFERENCE EXHIBITORS
Access Environmental Systems 14
Active Minerals Australia Pty Ltd 45
Advanced Engineering Group 8
allmineral Australia / STEINERT Australia 42
Astec Australia Pty Ltd 35, 37
ATK IT 52
BASF Australia Ltd 4, 5
Caterpillar Truck Display
Cesco Australia Limited 12 + Display Area
CJD Equipment 49
Command Alkon 46
Concrete Pumping Association 32
Driver Education Centre of Australia Ltd 27
DrumBlaster 50 + Display Area
Eiengineering 39
Finlay Screening and Crushing 44
GCP Australia Pty Ltd 16, 18
Gordyn & Palmer 22
Hitachi Construction Machinery Australia Truck Display
Haver & Boecker Australia and BHS-Sonthofen 51
HM Technologies Pty Ltd 23, 24
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MAPEI 11
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Michelin Tyres 6
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N.L. Tucker + NBB Radio Controls Pty Ltd 25
Nepean Rubber Mouldings Pty Ltd 36
Position Partners 9
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Sandvik Mining and Rock Technology 40
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Teletrac Navman 28
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Weir Minerals Australia Ltd 29, 30
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INVITATION TO PARTNER AND EXHIBIT

On behalf of the CMIC16 Organising Committee, it is our pleasure to invite you to participate in what will be the best CMIC yet.

WHO WILL ATTEND?

CMIC16 will attract more than 500 delegates from Australia and surrounding countries. All businesses in our industry, small or large, supplier or customer, are reviewing what they are currently doing and looking for improved efficiencies. In effect, they are building their productivity for the next phase of the business cycle.

Once again the Institute of Quarrying Australia (IQA) and Cement Concrete Aggregates Australia (CCAA) have joined forces to present CMIC16 as the preeminent conference for the construction materials industry.

WHY PARTNER AND/OR EXHIBIT AT CMIC16?

  • Raise your profile in the industry and add value to your brand by showing your support for the most important event on the Construction Materials Industry calendar
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GLOBAL AGGREGATES INDUSTRY TO GROW 5 PER CENT BY 2020

The market’s predicted compound annual growth rate is 5.15 per cent from 2016 to 2020.

The market’s predicted compound annual growth rate is 5.15 per cent from 2016 to 2020.

The output of the global construction aggregates market is predicted to increase more than five per cent over the next four years, according to a market research report.

The study, Global Construction Aggregates Market – Key Trends and Opportunities to 2020 published by Timetric, concluded the global construction industry had been “relatively sluggish” since 2015, reflecting a slowdown in the pace of expansion in China and weakness in key emerging markets.

This slow rate of growth in aggregates was expected to continue into the rest of 2016; however, the report forecasted the construction industry would start gathering pace gain from next year.

The global construction aggregates market would post a compound annual growth rate (CAGR) of 5.15 per cent over the period 2016 to 2020, it predicted.

“This increase will be a result of government investment in public infrastructure and positive developments in regional and global economic conditions,” a Timetric company statement read.

Although the global value of the market fell in 2015 in nominal US dollar terms, the report found it registered a CAGR of 0.95 per cent between 2011 and 2015.

Asia-Pacific was the largest regional market for aggregates last year, accounting for 47.9 per cent of the global market. It was followed by North America and Europe with respective shares of 21.5 per cent and 18 per cent.

The statement also noted: “Improvements in the global demand for aggregates over the forecast period are in line with the positive projections for construction industry growth, with the key drivers being investment in infrastructure and residential construction in emerging economies, and anticipated recovery in regional and global economic conditions.”

The US and China

According to Timetric, the US would retain its position as the second largest market by 2020 and the prospects of the US construction industry were good due to a need to upgrade the country’s ageing infrastructure.

Despite the weakening of demand in China over the past couple of years, the country remained a “sizeable market”, accounting for 32.9 per cent of the global market in 2015.

“The infrastructure construction market will be supported by government investments under the 13th five-year plan (2016-2020), through which the government plans to invest CNY3.8 trillion ($AUD710 billion) in new rail projects and CNY1.7 trillion (AUD361 billion) in road infrastructure by 2020,” it stated.

The report’s findings about China correlate with a recent report by the Global Aggregates Information Network (GAIN) – a coalition of the major international aggregates associations across the world.

As previously reported by Quarry, GAIN noted China’s aggregates output in 2016 remains at the 2015 level of 15 billion tonnes; however, the 13th five-year economic development programme requiring major further investment in infrastructure meant the sector’s future looked bright for the next 15 to 20 years.

The GAIN report found in all the countries where it has a presence, aggregate production tonnages were either stable or increasing, which bodes well for the industry as a whole.

 

BC Iron sells interest in Nullagine to Fortescue

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BC Iron (BCI) is selling its 75 per cent stake in the mothballed Nullagine joint venture (NJV) to Fortescue.

The project was a 75:25 joint venture between the two companies, with the mine operating for five years before operations were suspended last yeardue to low iron ore prices.

Since the suspension, BC Iron considered either restarting the operations or selling its interest;indicating that a restart was unlikely.

“Despite the identification of further operating cost savings and an improvement in iron ore prices, the Nullagine mine had remained marginal from BC Iron’s perspective and, based on projected future iron ore prices, it is unlikely that a restart of operations will become viable in the medium term under the current joint venture structure,” the company said, thus proceeding with the sale.

Fortescue will take on BCI’s liabilities and obligations, including the existing site.

“Nullagine has been a successful operation and BC Iron shareholders have extracted significant value from it over a number of years,” BCI chairman Tony Kiernan said.

“BC Iron has now concluded that the sale to Fortescue offers the best potential from a future BC Iron value and risk perspective.”

Earlier this year BCI and Watpac settled a legal dispute over funds owed after Watpac’s mining contract was terminated at Nullagine.

BCI terminated the mining contract with Watpac last year due to the continued decline of iron ore prices, with the company saying it was obligated to make a one off contract termination payment to Watpac.

Watpac later launched legal action claiming it was owed $12.5 million, with the BCI eventually providing a confidential sum to settle the case.

Commodity update for Q3 2016

Last update, we triumphantly proclaimed thatcommodities were “back”.

However, we did forget to add one important caveat, which is that they could still get hit hard in the short-term by the classic “Sell in May and Go Away”market sentiment.

In Q3, commodities as a whole entered a “summer slump”, returning -5.7% as measured by the GSCI (Goldman Sachs Commodity Index). Performance was dragged down mostly by agricultural goods such as wheat, corn, and soybeans, but also by uranium which had another poor quarter.

Despite this bump in the road, most commodities are still having big years on a YTD basis:

  • Silver, crude oil, and zinc are all up over 30% on the year.
  • Gold, palladium, natural gas, and nickel are all up over 20%
  • Uranium is the only metal in red, down over -30%

Here’s Q3 and YTD performance for each commodity:

There’s no doubt that Q4 will be another interesting quarter for the sector.

In November, the U.S. election will take place, and pundits are warning that a certain result would cause extreme market volatility. At the same time, some experts think that this unpredictability could fuel a mega-rally in gold and other precious metals. We think both of these things are possibilities.

Meanwhile, the recent tentative OPEC deal has brought crude oil to four-month highs. However, markets are skeptical that the deal is for real, and the general sentiment seems to be that a production freeze may fail to materialize as all parties try to finalize the deal.

What are your predictions for commodities over the next three months?

Courtesy of: Visual Capitalist

Bradken board backs Hitachi takeover bid

Bradken’s board has supported a takeover bid worth $689 million from Japan’s Hitachi Construction Machinery.

The Australian Financial Review and others report that the bid is a 34 per cent premium on Bradken’s closing price of $2.43 a share. It follows interest from several private equity firms in the mining engineering company, whose shares have traded as low as 38 cents this year.

The company said it would retain Bradken’s management teams and headquarters at Newcastle.

The board’s support depends on no better bid being made and is subject to an independent expert’s report, The Sydney Morning Herald reports.

Hitachi makes, sells and services mining machinery, and has a market capitalisation of roughly $5.5 billion and over 20,000 employees.


Hitachi Construction Machinery buying Bradken

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Bradken has agreed to a takeover bid by Japan’s Hitachi Construction Machinery (HCM) in a deal analysts say may indicate the worst of the mining downturn has passed. Yuichi Tsujimoto, HCM President said his company believes Bradken’s “businesses are complementary with our mining equipment services business. Both companies leveraging each other’s global network will enable us to strengthen our combined businesses and enhance our earnings.”

“Bradken’s staff have worked very hard to reposition the business for success following the downturn in mining,” said Paul Zuckermann, Bradken CEO.

Bradken describes itself as “a leading global manufacturer of differentiated consumable and capital products to international markets, supplying an extensive range of cast and fabricated products through four market focused divisions and an independently branded business.”

These five are Mining & Transport, Fixed Plant, Mineral Processing. Engineered Products and the independently branded, Cast Metal Services. Bradken is well-known for its wear parts in mineral processing and ground engaging tools.

Caterpillar launches new truck at MINExpo

Caterpillar’s newest large mining truck, the 794 AC, has made its mining debut at MINExpo 2016.

The 291-tonne capacity truck uses a combination of proven designs—a chassis design that has accumulated about 18 million operating hours and power train design that has racked up three million hours.

Caterpillar launches new truck at MINExpo

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这是我在拉斯维加斯展会现场拍的照片。

FLSmidth and China’s Northern Heavy Industries sign joint venture agreement

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FLSmidth and Northern Heavy Industries Group Co Ltd (NHI Group), based in Shenyang, China, have signed an agreement to enter into a joint venture – with an equal amount of shares – for the design and supply of mining equipment targeting the mid-market segment. The joint venture will be established with its own board of directors and management under the name NHI-Fuller (Shenyang) Mining Co Ltd (NHI-Fuller), which will financially report results as part of the Minerals Division in FLSmidth. Subject to obtaining regulatory approval, it is anticipated that NHI-Fuller will be operational in the first quarter of 2017.

The NHI-Fuller products will be designed for the specific needs of mid-market or capex-sensitive customers in the mining industry and will be marketed under the NHI-Fuller brand name. While the initial focus will be to supply crushing products, the goal of the joint venture will be to become the leading mid-market mining equipment supplier for other product lines as well.

“In 2014, we announced that part of our strategy in the Minerals Division was to enter the expanding mid-market for mining equipment. With the NHI Group, we have now found a perfect industrial partner for this quest,” says Group Executive Vice President of the Minerals Division in FLSmidth, Manfred Schaffer.