Tribunal Rules in Favor of Antofagasta, Barrick for Reko Diq

This week, an arbitration tribunal of the World Bank’s International Center for Settlement of Investment Disputes (ICSID) issued a decision on the arbitration claims that Tethyan Copper Co. Pty. Ltd. (TCC), a joint venture between Antofagasta and Barrick Gold, filed against the Islamic Republic of Pakistan, in relation to the unlawful denial of a mining lease for the Reko Diq project in 2011.

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RPM Partners With Russian-based Maintex

RungePincockMinarco (RPM) has entered into a business partnership agreement with Maintex, where Maintex will act as a reseller of RPM’s Asset Management product, AMT, as well as providing implementation services and consulting advice in the Russian and CIS regions. Based in St. Petersburg, Maintex will work with RPM’s regional and global teams to meet the asset management needs of the Russian and CIS regions. In partnering with RPM, Maintex builds upon their expert knowledge and experience of these mining environments with AMT.

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AuRico Receives Environmental Approval for Kemess Underground

AuRico Metals reported that the Canadian Environmental Assessment Agency (CEAA) has issued a positive decision statement and that the British Columbia Environmental Assessment Office (EAO) has granted an Environmental Assessment Certificate for its Kemess underground project. The project still requires a number of additional licenses and permits, which are expected to be granted in early 2018.

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MTU Wins Service Agreement at Lumwana Mine in Zambia

 

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A Hitachi dump truck EH4500 powered by an MTU 16V 4000 C21L engine with an output of 2014 kW on site at the Lumwana mine in Zambia.

Barrick Gold signed a 13-year service contract with MTU that covers regular maintenance of 30 Series 4000 engines in use on Hitachi haul trucks at the Lumwana copper mine in Zambia. Lumwana extracts ore from the central Africa copperbelt, one of the world’s most copper-rich nations.

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