Mining

Joy Global has booked a US$1.343 billion loss in the three months to 30 October on the back of a US$1.199 billion writedown of its underground reporting unit.

US Representatives, Paul A. Gosar and Gary Palmer, have criticised proposed environmental regulations and the proposed changes to the Stream Protection Rule.

Glencore has announced that its proposed Blakefield North underground coal project has been placed on hold.

Kennametal Inc. is reducing its previously announced fiscal 2016 guidance as a result of weakening end market conditions.

Westmoreland Coal Co. has announced resumption of Buckingham mine operations following the restart of Conesville Unit 4.

Glencore is increasing its debt reduction targets to US$13 billion by the end of 2016 as it announces production cuts across its portfolio.

Lars Engström has been appointed President of Sandvik Mining and member of the Group Executive Management, replacing Scot Smith, who leaves the company.

Jellinbah Group has extended its contract with Thiess for mining services at Lake Vermont coal mine in Queensland, Australia.

NACCO Industries has announced that Bisti Fuels Co. and Navajo Transitional Energy Co. have entered into a 15-year cost-plus contract mining agreement for an opencast coal mine in New Mexico.

Olle Wijk, Executive Vice President and Head of Group R&D at Sandvik is to retire next April and step down from the Group Executive Management team at the end of the year.

Wollongong Coal has initiated environmental response procedures after water containing traced of coal entered Bellambi Creek.

Teck Resources will pilot the first use of LNG as a fuel source in six haul trucks at its Fording River coal mine in southeastern British Columbia.

Leigh Creek Energy announces initial JORC inferred resource of 377 million t at the Leigh Creek Energy project.

Anglo American will lose about two-thirds of its workforce and assets in plans aimed at seeing the mining company through the slump in commodity prices.

The Australian government’s recent Innovation Statement will help to boost the country’s mining equipment, technology and services (METS) exports.