Mining News


Temporary storage for saltwater approved – K+S production becomes more resistant to drought

K+S has once again significantly increased the flexibility in wastewater management at the Werra plant. The operation of a facility for the temporary storage of production wastewater in an abandoned mining field, which has now been permitted by the Kassel Regional Council, increases the total available storage volume alone to about 1 mill. m3. “The new temporary storage facility at the Wintershall mine enables us to react even more flexibly to the Werra's water conditions and sustain longer periods of drought.


Upward trend in mining technology continues unabated

Global demand for mining technology from Germany remains high. Incoming orders increased by 35 % and turnover rose by 40 % in the first half of 2019 compared to the same period of the previous year. The upward trend in this industry therefore continues unabated. Following the difficult period between 2012 and 2017, global business has been picking up speed again over the last two years. The around 150 companies in the industry generated turnover of approximately EUR 3.5 billion in 2018, around 95 % of it abroad. Further growth in turnover of roughly 15 % is expected for the current year. “However, the lack of political leadership worldwide makes it all but impossible to predict future development, so we must respond to the situation as it unfolds and react flexibly,” comments Dr. Michael Schulte Strathaus, Managing Partner of F. E. Schulte Strathaus GmbH & Co. KG in Werl and Chairman of VDMA Mining.


Welthandel mit Steinkohle nahm 2018 um 4,7 % zu

Steinkohlekraftwerke dienen der Absicherung von Lastspitzen, überstehen eine Dunkelflaute und sie verhindern Spannungsschwankungen, die bei privaten Haushalten und Industrie große finanzielle Schäden verursachen. Die „Kohlekommission“ hatte finanzielle Anreize für den Bau von offenen Gasturbinen vorgeschlagen. Diese haben einen schlechteren Wirkungsgrad und müssen für viel Geld und gegen Widerstände in der Bevölkerung erst gebaut werden, während Steinkohlekraftwerke jetzt zur Verfügung stehen.


Rio Tinto completes sale of its stake in Rössing Uranium Limited

Rio Tinto has completed the sale of its entire interest in the Rössing uranium mine in Namibia to China National Uranium Corporation Limited (CNUC) for an initial cash payment of $ 6.5 million plus a contingent payment of up to $ 100 million.


Cameco posts loss, won’t restart McArthur River

Following a challenging start to the year for the uranium market, sector major Cameco has reported a Q2 net loss of C$ 23 million. The uranium producer cited normal quarterly variations paired with a weak spot price brought on by a glut in global reserves as contributing factors in the revenue decline. While the multimillion dollar loss may not be music to the ears of investors, the company did note several positives for the sector, including US President Donald Trump’s recent decision to not limit foreign uranium imports.


Bethune improves product quality

As planned for some time now, K+S will again significantly improve the quality of the potash products manufactured at the new Canadian potash plant in Bethune this year. Therefore, the maintenance period planned for September will be extended to a total of two weeks. During this time, the existing facilities will be supplemented by further components for screening and cooling the products.