Mining

Sandvik recorded an operating project of SEK2.33 billion in 3Q15 – 7% down on the same period last year, despite increasing its invoiced sales from its mining business by 7%.

Australian mining contractor, Mastermyne, has won a contract for underground roadway development from a major global mining company,

The organising committee for this year’s World Mining Congress in Rio de Janeiro, Brazil, has postponed the paper submission deadline.

Restructuring at the Austar and Abel mines, combined with a scheduled longwall move at the Ashton mine, saw Yancoal’s coal production fall 12% in 3Q15.

Caterpillar’s Resource Industries business has announced a quarterly loss of US$68 million as sales fell 17% in 3Q15. Overall, the company recorded sales of US$11 billion

BHP Billiton’s 3Q15 production of thermal and metallurgical coal was in line with 3Q14.

Rio Tinto’s production of hard coking coal jumped 10% in the first nine months of the year, while thermal coal output was hit by bad weather in the Hunter Valley to finish 6% down.

Vale’s coal production dropped 12.3% y/y in 3Q15 following the stoppage of production at two of its Australian coal mines in 2014.

The Springvale workforce returned to work on 16 October.

The Australian government has reissued an environmental permit to Adani’s Carmichael coal mine and rail development.

A round-up of some of this week’s key news items from the international coal industry from updates on coal projects to the latest in clean coal developments.

Rio Tinto releases its 3Q15 production results. Results indicate higher hard coking coal and semi-soft coking coal production compared to 3Q14, yet lower thermal coal production compared to last year.

SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures.

Foresight Energy re-enters Deer Run mine and commenced construction of underground ventilation control stoppings.

Deloitte Consulting appoints David Cormack as the national mining leader for the company. Cormack will be based in Perth, Australia.