Mining needs innovation from others

By Adrian Hale, Dassault Systèmes director of natural resources, Asia Pacific South

AS mining company profits continue to be pressured by the uncertainty that remains in the global economy, the industry is on a quest for innovation. The mining industry tends to be slow in adopting new technology, but given the state of the industry – change is paramount in order to survive.

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Gold mining costs decline

DESPITE the gradual recovery of gold prices, during the first quarter of 2016 most gold producers continued efforts to reduce all-in sustaining costs (AISC). Major producers also gained an added advantage due to strengthening of the US dollar against local currencies and lower global fuel prices.

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Miners down, but not out

IT proved to be a race to the bottom in 2015 with many new records set by the world’s 40 largest mining companies, according to a mining report compiled by PwC. ‘Mine 2016’ revealed a first ever collective net loss of US$27 billion for the top 40 with market capitalisation falling 37%, effectively wiping out gains made during the commodity super cycle.

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Report reveals alarming protection levels

FLAME-RESISTANT (FR) clothing is being worn increasingly and is legislated for across a multitude of industries. But, do people adhere to industry guidelines? A report from Hard Yakka PROTECT reveals alarming statistics about the uses, users and perceptions of FR clothing.

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