Gold hit a more than two-week high on Thursday, fuelled by safe-haven buying, while the market took out positions ahead of the Federal Reserve’s rate outlook and the potential impact of President-elect Donald Trump’s proposed trade tariffs. Spot gold rose 1.2% to $2,654.24 an ounce by 02:57 p.m. EST (1957 GMT), hitting its highest since Dec. 16. […]
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Gold set for weekly rise as market awaits Trump's policy moves
Mining DocGold prices firmed near three-week highs on Friday on a softer U.S. dollar and safe-haven flows, with the metal set for a weekly gain as attention turned to upcoming U.S. economic data and President-elect Donald Trump’s proposed policy changes. Spot gold was up 0.1% at $2,660 per ounce as of 0525 GMT, hitting its highest […]
Continuous Miner: Eickhoff CM2H-30
Mining DocOverview The name of Eickhoff is synonymous with reliability cast in steel – designed, tested and manufactured in Bochum. From the software, castings and weldments via the heavy-duty gearboxes through to the characteristic honey-yellow paint – the proportion of in-house manufacturing of our continuous miners is worldwide second to none in this product segment. The […]
Overcoming Implementation Challenges in Mining 4.0 for Sustainable Growth
rudrangshugMining 4.0 represents a transformative shift in the mining industry, driven by advanced technologies like IoT, AI, and autonomous systems. These innovations promise improved efficiency, safety, and sustainability, but their implementation comes with significant challenges. Addressing these hurdles is critical for mining companies aiming to unlock the full potential of digital transformation. This blog explores […]
Mining excavators: the KOMATSU PC 2000-11
Mining DocOverview The PC2000-11 can load more trucks per shift. Increased engine power, a more efficient hydraulic system and new engine-pump control logic provide faster cycle times and improved multifunction performance. The 45-degree, hydraulically actuated boarding ladder for operators offer better accessibility and stability when boarding. Platforms and handrails make scheduled maintenance easier. High production fuels […]
Optimizing fleet management in mining: AI-Powered solutions for better productivity
Mining DocIntroduction Fleet management in mining is a complex challenge, involving the coordination of various types of heavy machinery, from haul trucks to drilling rigs. Efficiently managing these fleets is crucial for minimizing downtime, maximizing productivity, and reducing operational costs. With advancements in artificial intelligence (AI), mining operations now have access to sophisticated tools that optimize […]
China's 2025 iron ore imports set to hit new high even as steel demand dwindles
Mining DocChina’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world’s top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand, traders and analysts said. The country’s imports of the key steelmaking ingredient will likely rise by between 10 million and […]
China's 2025 iron ore imports set to hit new high even as steel demand dwindles
Mining DocChina’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world’s top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand, traders and analysts said. The country’s imports of the key steelmaking ingredient will likely rise by between 10 million and […]
Gold poised for best year since 2010 on rate cuts, global tension
Mining DocGold prices gained on Tuesday, the last trading day of a record-breaking year that drove the metal to its best annual performance since 2010 on robust central bank buying, geopolitical tensions, and monetary policy easing by major global banks. Spot gold rose 0.3% to $2,614.23 per ounce, as of 0807 GMT. U.S. gold futures added […]
Proven Solution: KenCast™ Breaks Through Abrasion Resistance Records Crushing Operations at Mine Site
Mining DocKennametal’s KenCast™ is known for its durability in highly challenging environments. It is air-hardened cast steel with metallurgically bonded tungsten carbide particles on the wear surface, which has been proven to withstand extreme abrasive and high-impact applications and could show a life improvement over standard wear solutions depending on materials and applications. Downtime can be significantly reduced. […]