August 2020 - MiningNewsWire

MondayAug 31, 2020 3:00 pm

Various Mining Industries Significantly Affected by COVID-19

Many governments around the world imposed restrictions and regulations on various industries including mining in order to prevent the increase in COVID-19 cases. Operations in the Americas and Asia were grossly affected and are among the areas that will record the huge decreases in mineral growth and output this year. The data is in line with a report that was released by Fitch Solutions. The report shows that the production of ores in Peru, Indonesia and China has been affected hugely while Iran, Russia and Australia have only been affected marginally by the COVID-19 disruptions. In relation to mineral output…

MondayAug 31, 2020 9:00 am

How Will Mining Operate Post COVID-19?

Many industries have been affected by the pandemic, mining being one of them. Mining operations have been stalled as a result, with many companies facing a challenge on whether to reduce operations or shut down. Some whose operations include mining underground are faced with a challenge on how to operate in these conditions which may increase the contamination risk, especially through handovers. Additionally, many firms have camps on site which house workers during site operations. Infections in these camps could lead to the shutting down of remote operations, making it the biggest risk that miners are facing. To minimize this,…

FridayAug 28, 2020 3:00 pm

Mining and Fatigue: Where Do We Draw the Line?

In the heavy machinery industry, fatigue and sleep are the biggest risk factors largely because mining requires the operation of heavy equipment as well as the making of sound decisions. Below, we discuss ways in which mining operations result in worker fatigue and solutions to decrease fatigue that can be utilized by mining companies such as Barrick Gold Corporation (TSX: ABX) (NYSE: GOLD). A well-rested individual gets quality sleep at regular hours on a normal sleep schedule. Working on mining sites can influence the amount of sleep a worker gets. This is also in addition to the environment around the…

FridayAug 28, 2020 9:30 am

Bauxite Production Expected to Decline Marginally due to COVID-19 Measures

GlobalData predicts a decline of 0.1% in global bauxite mine production in 2020. The decline, which is about 344 megatons, is as a result of the short-term suspension of mining activity following the exponential rise in cases of COVID-19 around the world. Australia, the biggest bauxite producer in the world, could see an increase of 1.9%, roughly 107.2 kilotons, this year. This is largely due to the effective measures that were taken by the Australian government to limit the transmission of the virus during the early stages. During the first half of 2020, the largest contributor to bauxite mining in…

ThursdayAug 27, 2020 3:00 pm

What to Do When Substance Abuse is Suspected at a Mine Site

Substance abuse reduces productivity in the workplace but also puts people at serious risk. This is crucial in safety-sensitive occupations that involve operation of heavy machinery or high-risk situations. The oil and gas, mining and forestry among many other resource sectors are especially vulnerable as work sites are mostly located in isolated areas and operations require and involve heavy machinery. So what then, is the procedure for when you notice behaviors that may be as a result of drugs or alcohol? Experts suggest formal policies to be created by employers such as mining sector players like Freeport-McMoRan Inc. (NYSE: FCX),…

ThursdayAug 27, 2020 9:00 am

Cybersecurity: Password Misconceptions Revealed

As technology advances and incidents of cybersecurity threats become common, authentication technologies constantly have to keep evolving. Many experts are now looking into password authentication alternatives such as biometrics, multi-factor authentication and behavioral analysis. Generally, accounts get hacked because of poorly managed, weak or easy to guess passwords. Below, we discuss the most common misconceptions concerning passwords: Myth: Biometrics Solve all Security Problems Biometrics offer an easy way to remember passwords, by not having to. All you need is your finger for access. This is a secure authentication method when you have single-factor authentication. It also makes it hard for…

WednesdayAug 26, 2020 3:00 pm

Obtain the Best Value for Mine Safety through Equipment Rental

For safety on mining sites, one needs to balance cost and efficiency as well as prioritize safety of workers. But the question remains, is it better to buy new equipment, buy used equipment or rent? If one wants to invest in equipment through manufacturers like Caterpillar Inc. (NYSE: CAT) to be used daily and on long term basis, buying new equipment is the best option. Other times though, buying used equipment is the better choice and is more affordable. However, a lot of companies prefer to rent equipment first before they decide to purchase. Renting equipment is an affordable and flexible…

WednesdayAug 26, 2020 12:09 pm

Gold Continues to Reign Supreme Amid Price Volatility: Kingman Minerals Ltd. (TSX.V: KGS) Increasing Gold Production in Anticipation of Record Highs

Gold continues to post record highs despite recent volatility Gold price broke previous 2011 ceiling of $1921 per ounce KGS plans to increase gold production at historic gold mining sites using new technologies KGS entered into option agreements to obtain 100% ownership of the Mohave Project in Arizona and Cadillac East Property in Quebec, Canada Despite negative headlines focused on recent price drops (http://ibn.fm/XCUAS), the price of gold continues to set record highs, eclipsing the effects of recent volatility. Kingman Minerals (TSX.V: KGS), a Canada-based mining company focused on the acquisition, exploration and development of gold and silver properties in North…

WednesdayAug 26, 2020 9:00 am

How Industrial Weighing Scales Provide Additional Advantages

Industrial weighing machines are used to make sure that haul trucks only carry loads that are within their permitted weight limits. Overloading the haul trucks puts safety in a mining site at risk, which compromises the safety of the miners as well. Overloading trucks on a regular basis compromises the structure of a truck putting it under severe stress. The following are reasons sector players like Barrick Gold Corporation (TSX: ABX) (NYSE: GOLD) should utilize weighing scales in mining sites. Increases Production By following payload compliance protocols, mining companies can grow their production output. Industrial weighing machines allow operators to stack…

TuesdayAug 25, 2020 3:00 pm

Why Truck Rental Partners are a Mining Company’s Best Friend

All mining operations depend on having the right vehicles to move people and materials from one place to another. For efficient operations, companies need reliable and durable modes of transportation. Truck rental companies often address the transportation needs of mining companies. The transportation requirements of a mining operation can change at a moment’s notice, with different trucks needed for different jobs such as the heavy duty cargo vans, 3/4 to 1 ton trucks used to securely carry materials as well as individuals or commercial grade half ton trucks. This is why truck rental partners are the best option, because you…

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Month: August 2020