Mining

Marco Möller has resigned as President, CEO and Director of Tango Mining. Ian Mann and Marc Bamber have also resigned as directors of the company.

The Mining Association of Canada supports Canada partaking in the Trans-Pacific Partnership and indicates it will help Canada’s mining sector to remain competitive globally.

A round-up of some of this week’s key news items from the international coal industry, from updates on coal production to the latest sales and acquisitions.

David Brown has bought out its Indian joint venture partner, Bharat Forge.

Swedish engineering company, Sandvik Group, has said it will divest its Mining Systems business.

Anthracite sales and ROM production have jumped in 3Q15 as demand for the speciality coal remains strong going into the peak winter demand period.

Joy Global is to close its heavy fabrication and welding department at its Milwakee facility on low demand for mining equipment.

South African coal company, IchorCoal, has launched its bid for Australian mining company, Universal Coal.

Shares in Swiss mining and trading giant, Glencore, have recovered from their low in late September but remain well below their peak as low commodity prices continue to hit mining companies.

Mike Sherman, RMI, UK, looks at how new sensor technology can be used to improve mine efficiency and safety.

Bumi Resources revises debt restructuring plan to take into account reduced cash flows. Yet the company indicated it can only sustain a total debt of $1.2 billion.

Bowie Resource Partners will scale back production at Bowie #2 mine near Paonia, Colorado, as a result of idling longwall mining due to developing a new longwall panel.

NewLead Holdings has not completed the purchase of the Marrowbone coal mine as expected.

Tsubakimoto Europe helps mining equipment OEMs respond to mining company demands for increased reliability and improved after-sales service.

Shares in Glencore have fell 30% in a day to close at a record low after analysts questioned the value of the company in an environment of prolonged weakness in the commodity markets.