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Connected Mining Market worth $22.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, August 2, 2023

By mining type, the Surface segment is expected to hold a larger market share during the forecast period in the Connected Mining Market.

Key Points: 
  • By mining type, the Surface segment is expected to hold a larger market share during the forecast period in the Connected Mining Market.
  • Connected mining solutions offer significant benefits in surface mining operations, enabling real-time equipment monitoring, efficient fleet management, and optimized resource utilization.
  • During the forecast period, the Asia Pacific region is expected to hold a larger market size in the Connected Mining Market.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global Connected Mining Market.

Connected Mining Market worth $22.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, August 2, 2023

By mining type, the Surface segment is expected to hold a larger market share during the forecast period in the Connected Mining Market.

Key Points: 
  • By mining type, the Surface segment is expected to hold a larger market share during the forecast period in the Connected Mining Market.
  • Connected mining solutions offer significant benefits in surface mining operations, enabling real-time equipment monitoring, efficient fleet management, and optimized resource utilization.
  • During the forecast period, the Asia Pacific region is expected to hold a larger market size in the Connected Mining Market.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global Connected Mining Market.

Ivanhoe Mines Reports Record Quarterly Production of 103,786 Tonnes from Kamoa-Kakula Copper Complex for Q2 2023

Retrieved on: 
Wednesday, July 5, 2023

The 2023 annual production guidance for Kamoa-Kakula is maintained at between 390,000 to 430,000 tonnes of copper in concentrate.

Key Points: 
  • The 2023 annual production guidance for Kamoa-Kakula is maintained at between 390,000 to 430,000 tonnes of copper in concentrate.
  • Kamoa-Kakula's Phase 1 and 2 concentrator plants set a quarterly production record of 103,786 tonnes of copper in concentrate for Q2 2023 following the early completion of the debottlenecking program in the first quarter.
  • To view an enhanced version of this graphic, please visit:
    Kamoa-Kakula reports record quarterly production of 103,786 tonnes of copper during the second quarter of 2023, compared with 93,603 tonnes of copper in the first quarter.
  • Also during the quarter, a weekly production record of 9,710 tonnes of copper in concentrate was achieved in late April.

Global Cloud Computing in Mining Market Intelligence Report 2023: In Cost and Quality, the Superior Option for Mining Companies are Public Cloud Environments Provided by Major Technology Players - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 7, 2023

Cloud in mining revenues will grow at a compound annual growth rate (CAGR) of 18.7% between 2021 and 2026.

Key Points: 
  • Cloud in mining revenues will grow at a compound annual growth rate (CAGR) of 18.7% between 2021 and 2026.
  • However, the possibilities for the technologies that depend on cloud are still expanding, so spending on cloud by mining companies continues to grow fast.
  • The better transparency, traceability, and visibility available with cloud enables companies to comply with regulations and validate their performance more easily.
  • Quantify the global sales opportunity for cloud computing for the mining industry by accessing the publisher's market size and forecasts (2019-2024), produced by our mining and technology analysts

Construction Update at Sangdong Tungsten Mine

Retrieved on: 
Wednesday, June 7, 2023

Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to provide an update on the progress of its Sangdong Tungsten Mine.

Key Points: 
  • Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to provide an update on the progress of its Sangdong Tungsten Mine.
  • Lewis Black, Chairman, CEO & President of Almonty Industries Inc. commented:
    “We have made solid progress at the Sangdong Tungsten Project throughout May 2023.
  • Almonty remains fully committed to completing the project successfully while upholding the highest standards of safety, quality, and environmental responsibility.
  • The Pebble Crusher and Primary Jaw Crusher, essential components for the project, have successfully made their way to Sangdong.

Monument Heads Toward Commercial Production at Selinsing Gold Mine

Retrieved on: 
Tuesday, May 30, 2023

President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production.

Key Points: 
  • President and CEO Cathy Zhai commented, “We are very pleased with the flotation plant ramp-up progress as we head towards full commercial production.
  • We have commenced sulphide production in January 2023 and continue testing and adjusting to improve plant performance through the action plan.
  • During this ramp-up process bottlenecks have been identified and the team has been working to correct them in order to ramp up to commercial production.
  • Off take agreements or business confirmation letters for off-take of Selinsing gold concentrate have been signed with several concentrate buyers under competitive commercial terms.

Companies In The Iron Ore Market are Focusing on Developing Innovative Technologies To Stay Relevant In The Market - By The Business Research Company

Retrieved on: 
Monday, May 15, 2023

LONDON, May 15, 2023 /PRNewswire/ -- As per The Business Research Company's iron ore market forecast, the global iron ore market size is expected to grow from $405.1 billion in 2022 to $447 billion in 2023 at a compound annual growth rate (CAGR) of more than 10%. The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%. Going forward, the increasing urbanization, the rising healthcare expenditure and the growing residential sector will drive the growth.

Key Points: 
  • The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%.
  • The global iron ore mining market is concentrated, with a few large players in the market.
  • Companies in the iron ore market are developing innovative technological tools and using advanced technologies to grow in the market, as per the iron ore market outlook .
  • Iron ore companies are opting for automation in the mining processes to strengthen their position in the market.

Companies In The Iron Ore Market are Focusing on Developing Innovative Technologies To Stay Relevant In The Market - By The Business Research Company

Retrieved on: 
Monday, May 15, 2023

LONDON, May 15, 2023 /PRNewswire/ -- As per The Business Research Company's iron ore market forecast, the global iron ore market size is expected to grow from $405.1 billion in 2022 to $447 billion in 2023 at a compound annual growth rate (CAGR) of more than 10%. The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%. Going forward, the increasing urbanization, the rising healthcare expenditure and the growing residential sector will drive the growth.

Key Points: 
  • The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%.
  • The global iron ore mining market is concentrated, with a few large players in the market.
  • Companies in the iron ore market are developing innovative technological tools and using advanced technologies to grow in the market, as per the iron ore market outlook .
  • Iron ore companies are opting for automation in the mining processes to strengthen their position in the market.

Construction Update at Sangdong Tungsten Mine

Retrieved on: 
Monday, May 1, 2023

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce a construction and financing update in relation to its Sangdong Tungsten Mine.

Key Points: 
  • Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce a construction and financing update in relation to its Sangdong Tungsten Mine.
  • In April 2023, engineering staff from the Sangdong Tungsten Mine team and members of the EPC consortium made a field trip to Almonty’s tungsten mines and processing plants in Portugal and Spain to better implement ideas and philosophy in the design and engineering of the main processing plant and pastefill plant at the Sangdong Tungsten Mine.
  • This is aimed at exceeding national standards and enhancing the HSE standards at the mine and at the site of the Sangdong Tungsten Mine.
  • The power supply expansion is expected to provide stable power to the Sangdong Tungsten Mine’s surface and underground infrastructure, thereby improving work efficiency and production.

Ivanhoe Mines Reports Q1 2023 Production of 93,603 Tonnes of Copper from Kamoa-Kakula Copper Complex

Retrieved on: 
Wednesday, April 5, 2023

Ivanhoe Mines maintains its 2023 annual production guidance for Kamoa-Kakula at between 390,000 to 430,000 tonnes of copper in concentrate.

Key Points: 
  • Ivanhoe Mines maintains its 2023 annual production guidance for Kamoa-Kakula at between 390,000 to 430,000 tonnes of copper in concentrate.
  • Kamoa-Kakula produced 93,603 tonnes of copper during the first quarter of 2023, compared to 92,761 tonnes of copper in the fourth quarter of 2022.
  • The operation mined 2.0 million tonnes of ore grading 5.2% copper in Q1 2023, which was comprised of 1.8 million tonnes grading 5.6% copper from the Kakula mine, including 0.8 million tonnes grading 6.7% copper from the mine's high-grade centre.
  • Kamoa-Kakula's Phase 1 and 2 concentrators set a monthly production record of 34,915 tonnes of copper in concentrate during March 2023.