31 August 2023
31 August 2023
The code will increase the government’s stake in mining projects to up to a third.
According to the study, riverbed mining is taking place at higher rates than ever before.
The Australian company currently owns 33.3% of beneficial rights in the Simandou North Iron Project.
The inferred mineral resource estimate for the Cobra Plains graphite mine is 103 million tonnes.
The Ministry of Economy and Finance said that the economy is now set to grow by 1.1% in 2023, down from a previous estimate of 2.5%.
The non-renounceable entitlement offer involves the issuance of around 219.1 million new shares.
Results obtained from this pilot plant will be used in the design of a commercial-scale production plant in the future.
Adjusted EBITDA and revenue for the period stood at $776m and $3.32bn, respectively.
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AI enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. Autonomous machinery can also reduce the requirement for on-site workers, thereby removing them from potential hazards and improving safety. Although it may not be the cheapest technology, with AI, miners can use sensors, real-time data, and analytics to understand when changes in factors such as temperature and vibrations can lead to danger, thereby improving safety measures.
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