Top 5 business risks facing the mining industry in 2018

Top 5 business risks facing the mining industry in 2018

Every year some mining companies begin to divert attention to get a good future, but in the achievement there must be a risks to be faced and will be something positive and negative in the system kerjannya. Ernst & Young has released his research into 10 Business Risks facing mining and metals from 2017 to 2018, in his research there are some concerns that will be risk management that is quite difficult to understand. Of the few risks there is the greatest risk that is in the digital era.

Here are five of the biggest risks:

Digital Effectiveness 

 

Mining companies should focus […]

5 The Largest Gold Mine in The World

5 The Largest Gold Mine in The World

Grasberg

Grasberg, Papua

The Grasberg mine is the largest gold mine and the third largest copper mine in the world. Located in Papua province in Indonesia near Puncak Jaya, the highest mountain in Papua, and has 19,500 employees. Mining operations operated by Freeport reached 1.444 million ounces.

Cortez

Cortez, Nevada

Cortez is one of the oldest mines in the world. Operated since 1862 Cortez gold mine consists of three operations, namely Pipeline, South Pipeline and Cortez Hills. Pipeline and South Pipeline are open mines, while Cortez Hills is still under construction for underground mining. Cortez is located in the Nevada United States, operated […]

5 Mine Areas That Become a Tourism Destination

5 Mine Areas That Become a Tourism Destination

Some of the wounds of the Earth now becomes a place so beautiful can even be enjoyed and is visited by many tourists. Some of this area is the area of the mine that had failed or had exhausted its resources. quoted from various sources, following a number of ex-mining area in Indonesia are ‘ transformed ‘ so beautiful and exciting destinations to visit

Danau Kaolin, Belitung. (budisuryanugraha/Instagram)

Kaolin lake  is one of the ex-mining areas. These holes are ex-tin mining and kaolin which become valuable assets in Belitung Island. Then the excavation hole is filled with rainwater to be like […]

Businessman Projected Coal Price US $ 85 per Ton on 2018

Businessman Projected Coal Price US $ 85 per Ton on 2018

The Indonesian Association of Indonesian Mining Association (APBI) projected the 2018 coal price (HBA) will be at US $ 85 per ton. The price of coal will be determined by supply and demand. said Pandu Sjahrir as Chairman of APBI in Jakarta. He added that the government also wants coal production to be more stable and predictable for next year.

The effort to negotiate between companies of Coal Mining Concession Working Agreement (PKP2B) and government of conversion into Special Mining Business License (IUPK) will also affect HBA.
According to Pandu, APBI will release future projections by the end of 2017. From the […]

Ways to Clean Up Oil Spills

Ways to Clean Up Oil Spills

Oil is an important ingredient used in our daily activities. Oil is the mining material that many miners are looking for in high value. But the process of mining oil sometimes has its own challenges. The most frequent and detrimental to many is the oil spilled in the ocean. Not only miners who are harmed, but the environment also participate because the oil spilled oil will spread wide and difficult to clean. Moreover, marine life creatures that could have drunk sea water that mixed with oil. So, these are some of the techniques—both traditional and non-traditional—that could be used to clean […]

Breksi Cliff, Nature Tours of Former Quarry

Breksi Cliff, Nature Tours of Former Quarry

Recycle is a word we often hear in this day and age. Recycle itself is an activity to make something to be reused so as not wasted. Many of which we can recycle such as used tins used as toy cars, paper used as notes on the blank side and etc. It turned out that not only objects that can be recycled, the former mining area can be converted into an interesting place of recreation.

Breksi cliff was once a limestone quarry but has now been transformed into a good tourist location. The location of this resort is located not far […]

The Cause of Damage an Undercarriage Excavators and Bulldozers

The Cause of Damage an Undercarriage Excavators and Bulldozers

The undercarriage is one of the important components in heavy equipment such as excavators and bulldozers. One of the components of heavy equipment section below includes the frame and a set of tracks and was instrumental in moving from one place to the other.  Damage to these parts could not be avoided, as it will damage the undercarriage after 5 years of usage due to various factors. However, it can be prevented with treatment and examination within a certain period. As for some of the causes of damage the undercarriage that could be avoided.

 

Worn out

 Worn out undercarriage can occur […]

The Price of the Freeport deal

The Price of the Freeport deal

JAKARTA (Reuters) – For many Indonesians, investment banker-turned-minister Ignasius Jonan is the man who made trains run on time.

Months after being handed the mining portfolio, the minister notched up a bigger victory; securing majority local ownership of Grasberg – one of the world’s biggest gold and copper mines – following months of difficult negotiations with U.S. giant Freeport-McMoRan Inc.

Foreign control of mines has been sore point for many Indonesians, who view it as a legacy of an authoritarian past when a ruling elite cut sweetheart deals to carve up precious resources.

The framework agreement with Freeport on […]

Indonesia Mining Map

Indonesia Mining Map

Indonesia is on the west side of the “Pacific Ring of Fire”, characterized by high volcanic activity.  At one point, Magma from the Pacific Ring of Fire is thought to contain a variety of precious metals, especially gold and copper. As part of the Pacific Ring of Volcano, Indonesia also potentially has natural resources in the form of minerals. Eastern Region of Indonesia covering 68% of the territory of the Republic of Indonesia. Covering an area of nearly 1.3 million square kilometers that estimated to hold 81.2% of Indonesia’s mineral.

Minerals on Indonesia map:

Petroleum
There are many petroleum […]

Top 10 of the Richest Mining Companies

Top 10 of the Richest Mining Companies

Let’s see which mining enterprises brought  in the biggest money.
10. Fortescue Metals Group (Australia)
Primarily operates in Australia, this company is one of the biggest producers of Iron ore in the world, bringing in over than $10 billion in a single year.

9. Coal India Ltd(India)
This Indian based company make up 80% of India’s coal production and generates $11 billion.

8. Barrick Gold (Canada)
Operates 3 of the biggest gold mines in the world, with $12.5 billion in revenue.

7. Freeport (US)
Producing gold, copper & cobalt from its North America, Africa & the largest gold mine the world’s ever seen, which is in Indonesia, raking in $18 […]