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Current Developments in the Russian Mining Industry

The Russian economy is set to shrink by 3.5 to 4.0 % in 2015 and this recession is expected to continue through 2016. Oil prices are now at an all-time low and are predicted to remain so for the time being. The conflict in eastern Ukraine has flamed up again and this makes any lifting of Western sanctions unlikely. The prospects ...

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Coal Mining in Turkey

Over the past ten years, thanks to billions in loans from the International Monetary Fund, a consistent policy of austerity, and strict spending discipline, Turkey has managed to avoid national bankruptcy and has experienced an economic boom with growth of up to 9 %. A stable political situation, economic reforms, low wages and the privatisation of most state-owned companies have been ...

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Mining in Mongolia – Everything is Possible

In 2011 Mongolia experienced an economic boom with growth recorded at 17.5 % (1). This was triggered by the start of the first phase of the Oyu Tolgoi (OT) project that involved investments totalling 6.6 bn US$ (2). The International Monetary Fund (IMF) believes that Mongolia has natural resources worth between 1,000 and 3,000 bn US$ (3), including the world’s second-largest ...

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Financing of International Mining Projects

As an industrial nation, Germany is obliged to safeguard its supplies of natural resources by obtaining a number of different raw materials that are not available, or cannot be supplied in sufficient quantities, on the domestic market. From a German perspective the development of overseas mineral deposits therefore plays a vital role when it comes to externally sourced commodities, and ...

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Measuring and Dosing System for Operating Fluids Used in Longwall Hydraulic Systems for the Economic Optimisation of Shield Supports

The fall in prices for thermal and coking coal experienced for a long time now has forced all hard coal mines worldwide to resort to a special economy drive. A considerable part of their costs are caused by the operation of shield supports. The economic efficiency of the latter does not only depend on low acquisition costs, though. Other essential ...

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Redefining Deposit’s Reserves by Advanced Mineral Processing Approaches

The estimation of a deposit’s reserves depends on the geological and mineralogical characteristics as well as the market value of the product. It is also influenced by the mining and mineral processing technology applied and the respective costs generated. Ongoing challenges such as decreasing prices, lower grade ores, rising labour and equipment costs call for new approaches. This paper highlights ...

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THYSSEN SCHACHTBAU GMBH Takes a Leading Role in Promoting Workplace Safety

Mülheim-based THYSSEN SCHACHTBAU GMBH has been aiming to meet international standards in its workplace safety performance. After an intensive two-year preparation and training phase the existing Occupational Safety Management System, which is based on the SmS (system-oriented safety) quality seal issued by the BG RCI (Liability Insurance Association of the Raw Materials and Chemicals Industry), Heidelberg, has now been extended ...

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“It’s the Mining World!”

Mine rescuers operate in a niche deciding on life and death. And it is not only about the safety of trapped miners, but also the safety of the rescuers themselves, operating in confined spaces, at high heat, darkness and hazardous atmospheres under high levels of physical and mental stress. The mission in Lassing, Austria, proved in 1998 how dangerous this ...

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RAG’s Pathway to ‘Zero’ Accidents

The RAG Aktiengesellschaft (RAG), Herne/Germany, with its three active collieries of Prosper-Haniel, Auguste Victoria and Ibbenbüren, is currently in run-down mode. Auguste Victoria is set to close at the end of this year, while production is to cease at the two remaining collieries, Prosper-Haniel and Ibbenbüren, in 2018. The company will then enter the post-mining era and will have to ...

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Coal 2015 – Acting Responsibility. Creating new Perspectives.

In November 2015 the German Hard Coal Association (GVSt) in Herne, Germany, presented its annual report titled “Coal 2015 – Acting responsibly. Creating new perspectives.” The report outlines all kinds of ways in which the coal industry is already readying itself to deal responsibly with the post-mining era. Additionally it presents the current situation of the German coal industry and ...

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