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Weekly roundup: The mining week in review

How will Bank of America's new policy affect coal mining?Bank of Americas announcement on Wednesday -- anew policythat will significantly reduce its...

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|May 10|magazine20 min read

How will Bank of America's new policy affect coal mining?

Bank of America’s announcement on Wednesday -- a new policy that will significantly reduce its lending to coal extraction companies and coal divisions of broader mining companies – is expected to have major implications on the coal industry.

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Q&A: Writing a winning bid in the current mining economy

Writing a bid for a tender is always a time-consuming and costly business. In the current mining economy, it's not a process most companies can enter into lightly. Therefore, Austmine decided to catch up with member company, BidWrite, and their Director and Co-Founder, David Lunn, on what it takes to write a winning bid. 

[INFOGRAPHIC] Breaking down aluminium

As one of the most common metals in the world, aluminium doesn’t get the credit it deserves. The silver white metal, which only occurs in compounds and never in a free form, is the second most used metal in the world. It can be found in everything from planes, cars to buildings, machinery, consumer durables, packaging and even electrical uses.

[VIDEO] Unlocking Rio Tinto's success

Rio Tinto is one of the largest and most diverse metals and mineral mining companies in the world. Headquartered in London, the company specializes in major products such as aluminium, copper, diamonds, gold, industrial minerals, iron ore, thermal and metallurgical coal and uranium, with operations across the globe.

Is social media important for mining companies?

Social media has become the quintessential networking tool for people, businesses and organizations alike. It has the power to connect brands to their consumers, inform audiences on current topics and trends, and engage audiences to interact and discuss opinions. Whether we like it, use it, or just don’t understand it, social media can be useful for everyone—even mining companies.

WATCH: [VIDEO] Liebherr - Service Tools for Mining Equipment

Everything you need to know about Austmine 2015: Transforming Mining

This summer’s must-attend mining event is the Austmine 2015: Transforming Mining conferencein Queensland, Australia. The landmark forum will bring together the most innovative products in the market with the most pressing challenges in the mining sector around the globe today.

Komatsu rolls out new equipment rental business in Australia

Komatsu has unveiled a new equipment rental business for its Australian mining market, which will provide more than 200 Komatus construction and utility machines with a team of 11 staff.

Goldman Sachs plans to sell its coal mines in Colombia amid environmental concerns

Goldman Sachs wants no more. The American multinational investment banking firm is reportedly planning to sell its coal mines in Columbia, and is even willing to take a loss to do so.

According to sources quoted in The Wall Street Journal, the banking firm has endured intense environmental problems from locals, previously prompting the government to order certain companies in the region to relocate three entire villages.

UPDATE: Atlas Iron restarts mining operations at Pilbara mines

Don’t call it a comeback. Australian mining company Atlas Iron has decided to resurrect mining production at its Pilbara mines in Western Australia, after previously suspending operations due to declining iron ore prices. The company will now continue to export through May

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