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An image of a Sukhoi Checkmate displayed at MAKS 2021 Africa a target market for Russia’s new fighter
Published: 29 Jul 21
African states are among those targeted as possible export markets for Russia’s latest fighter design, currently known only as the Checkmate. This was officially unveiled at the MAKS 2021 aerospace and defence show at Zhukovsky, in the Moscow region, on July 21. Africa was identified as a target market by Sergey Chemezov, who is CEO of the Russian State-owned defence and high-tech industries group Rostec. The group owns the United Aircraft Corporation (UAC), which in turn owns Sukhoi, which is the company which has developed the Checkmate. The other area targeted for possible exports of the new type is the Middle East. Chemezov also said that the new fighter would cost between $25-million and $30-million, depending on the configuration chosen by the customer.
A gold pour at Elikhulu mine Consumer demand for gold returning – WGC Has Video
Published: 29 Jul 21
Despite dampened investor demand, gold investment increased in the second quarter of this year as a result of consumer investment into the commodity, with demand of 955.1 t – a 9% rise from the first quarter, the World Gold Council (WGC) reports. The WGC’s latest ‘Gold Demand Trends’ report, released on July 29, points to gold demand being in line with the equivalent period of 2020, which was 960.5 t
An image showing Members of the United Mine Workers of America picket during a strike against Alabama's Warrior Met Coal at the BlackRock offices in New York. BlackRock support sought in bid to end 5-month coal-mine strike
Published: 29 Jul 21
Coal miners from states including Alabama and West Virginia picketed outside BlackRock’s New York headquarters Wednesday in a bid to get the world’s largest asset manager to pressure Warrior Met Coal for better wages and employee benefits. About 120 miners and supporters descended on BlackRock’s offices in midtown Manhattan, carrying signs that read “we are one", chanting in unison and speaking out against their treatment by the coal company. Union members from other industries joined the picket line, while truck drivers and garbage men who drove by honked in solidarity. BlackRock was listed as Warrior Met’s biggest shareholder as recently as March 31.
Suncor cuts Fort Hills oil output guidance amid mine instability Suncor cuts Fort Hills oil output guidance amid mine instability
Published: 29 Jul 21
Suncor Energy cut its full-year production guidance at its Fort Hills oil sands mine to between 45 000 bbl/d and 55 000 bbl/d from a previous 65 000 bbl/d to 85 000 bbl/d because of additional required work on the mine. Instability on the south side of the mine requires so-called overburden removal to occur, which is to be completed by the end of the year, the company said in its second-quarter earnings release.
An image of the Escondida pit. Union at BHP's Escondida copper mine urges members to strike
Published: 29 Jul 21
The union at BHP Group's Escondida copper mine in Chile, the world's largest, on Wednesday urged its members to vote to strike, saying the company was attempting to impose its will and its contract offer was "insufficient". The powerful, 2 300-member union is set to vote on BHP's contract offer between Thursday and Saturday this week. "The Union has summoned all its members to vote en masse to reject this last offer, in order to declare a legal strike, the only tool that we have left in this scenario," the statement read.
Zinc delivers record quarter for New Century
Published: 29 Jul 21
Base metals miner New Century Resources has reported record sales for the quarter ended June, as zinc production increased and C1 costs declined. The ASX-listed miner on Thursday announced that zinc metal production for the June quarter reached 31 737 t, up 4% on the previous quarter, while C1 costs in the same period declined by 1%, to $0.90/lb.
Regis reports stellar quarter as Tropicana comes on board
Published: 29 Jul 21
Gold miner Regis Resources has reported an increase in gold production for the June quarter, on the back of record production from the Duketon operations and first contributions from the recently acquired 30% stake in the Tropicana gold mine, in Western Australia. Gold production in the three months to June reached 114 145 oz, at an all-in sustaining cost of A$1 387/oz, compared with the 85 748 oz produced at an all-in sustaining cost of A$1 388/oz.
Resolute's output drops in June quarter
Published: 29 Jul 21
Africa-focused gold miner Resolute Resources has reported a 10% fall in gold production for the quarter ended June, compared with the March quarter. Gold poured for the three months to June reached 77 450 oz, down from the 85 668 oz poured in the March quarter, while sales declined from 83 400 oz to 68 103 oz in the same period.
Image shows Fortescue's iron-ore operations in the Pilbara Fortescue posts record shipments
Published: 29 Jul 21
Iron-ore major Fortescue Metals has reported record shipments of 49.3-million tonnes for the quarter ended June, while full-year iron-ore shipments exceeded guidance. “The Fortescue team has delivered excellent results for the June quarter, with record quarterly shipments of 49.3-million tonnes contributing to our highest ever annual shipments of 182.2-million tonnes in 2021,” said CEO Elizabeth Gaines.
Rolls-Royce and US company develop means for ultra cold vaccine transport in remote areas
Published: 29 Jul 21
A US-based innovation unit of UK-based global major industrial technology group Rolls-Royce has designed an ultra-low temperature cold transport pod for vaccines, a design that was then developed jointly with specialist US company ChefsFridge. The innovation team that designed the pod, which is named ArcticRx, is based in the Indianapolis area of the US state of Indiana, as is ChefsFridge. The ArticRx pod is intended specifically to transport vaccines that need to be kept at very low temperatures and administered in two doses. What makes it different is that it can maintain ultra-low temperatures for the long-term and in an entirely passive manner. It thus fills a gap in the vaccine transport chain, being intended for use in remote, rural and developing regions where electricity is unavailable. The ArcticRx is also lightweight and reusable, and can be refilled with more cooling materials.
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