This week in mining the spotlight is centered in international waters. Colombia, Venezuela and Zimbabwe are some of the countries leading the discussion. In the meantime, why limit mining activities to earth if it is possible to travel beyond its orbit? Space mining takes another baby step in becoming a reality.
Vibrotech Engineering is a Spanish company whose core activity is the design and manufacture of vibrating machinery and installations for foundries and other sectors of the industry. Mexico Mining Review interviewed General Manager Miguel Gordaliaza to ask him about low maintenance and long-lasting tailor-made equipment for mine operations.
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Conflict, Arbitration and Ruling:
- Mining in Oaxaca balances on social unrest. A Popular and Communitarian Trial demanded the termination of all mining activities in the state and the cancellation of existing concessions.
- The Constitutional Court of Colombia ruledthat popular consultation will no longer halt mining projects in the country as the soil is property of the state. This decision will not be retroactive or apply to previous consultations.
- Venezuela’s government settles the international arbitration initiated by Rusoro Mining. The Canadian junior company has accepted US$1.3 billion as compensation for the seizureof its gold projects in the country.
- Rio Tinto for sale?According to Reuters, Altaya Mining is preparing the divestment of its main asset with Bank of Montreal handling the transaction.
- Zimbabwe’s mining giants holding onto idle concessions. Government demands these companies release their claims at the country’s mining premier exhibition, Mine Entra.
- Regulatory uncertainty and high-cost hindering SA to enjoy the mining upturn, according to PwC’s SA Mine report.
Technology at Baby Steps:
- Space mining on the path to reality. Moon Express, the first space exploration company granted US government permission to pursue exploration beyond earth, partners with Canadian technology company Deltion Innovations.
- BHP to trial drones for freight safety overseas. The mining giant’s shipping operations carry an estimated annual cargo of 300 tons.
- Mining is boosting job creation in Chile. The industry’s employment rate has grown by 6.2 percent in the last year.
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