A new and highly effective solution to the problems of excessive noise pollution generated during rail works has now been included as best practice by Balfour Beatty Rail (BBR) on their London Underground rail replacement projects. In order to be a responsible contractor and neighbour, BBR were keen to proactively demonstrate a commitment to reducing noise levels on track renewal work. They needed a solution and following some market research, a 'new and innovative' product called echo H1 acoustic barrier from Echo Barrier was discovered. It offers an inert, safe and lightweight solution which does not absorb water, is easy to fit to heras fencing and is quick to install. The echo H1 literally soaks up sound around it rather than reflecting it, attenuating noise by up to a remarkable 30dB. Echo Barrier acoustic barriers were used during works at Edgware Road with impressive results, leading BBR to conclude that their reputation had been directly enhanced as no complaints from residents were received. Balfour Beatty Rail said: "The Echo Barrier and what it allows us to do, has had a considerably positive impact on our reputation and on our procedures. It will prove a valuable asset moving forward in ensuring that we are able to respect the communities in which we do our work, and are able to work more efficiently and effectively." It is imperative that works happen when initially planned and are not rescheduled or held up due to issues such as noise. The echo H1 is weatherproof, fire resistant, lightweight yet hard wearing and also gives the opportunity for display of client advertising or branding. It can be rolled, which makes transport, man handling and storage very easy. Other uses for the product include construction site work, demolition projects, loading and unloading areas and to provide improved on-site staff welfare facilities.
26 July 2016Noise reduction experts Echo Barrier have secured a deal with US giant United Rentals, which will see their award-winning acoustic barriers becoming available across the globe. The post UK News: Worldwide distribution deal for noise experts appeared first on Echo Barrier. United Rentals, who are the world’s largest equipment rentals company, are based in the USA and cover the States and Canada, and they will take on a distributor role for the Sudbury based noise experts. The innovative Echo Barriers are already used by some of the world’s biggest construction companies and have already been credited with reducing building noise at the likes of the World Trade Centre in New York and on the London Underground. However, the deal will see the products being made available through United Rentals, who have an established customer base and recognised brand worldwide. Peter Wilson, Technical Director at Echo Barrier who created the Echo Barrier just 5 years ago says this is a monumental landmark in the company’s growth. “United Rentals can get our product in front of huge markets across the world with relative ease which will significantly grow our business” he said. “We have been working with the team based in the States for a long time to try and get the deal right to benefit both parties and we are thrilled to have finally signed on the dotted line.” Echo Barrier launched its first innovative noise reduction barrier into the market in 2010 to be a cost effective and accessible tool to help construction, rail and events companies and Local Authorities reduce the impact of works noise on local communities. In the 5 years since, two more improved iterations of the barrier have been designed and produced, whilst the generator acoustic enclosure, H20 Acoustic tent, the zero rated barrier and the transparent barrier have also been added into the portfolio of products. Recently, Echo Barrier played a pivotal part in the Earls Court London Underground station improvement project, allowing crucial work to take place without having to close the station. With an integrated network of over 880 locations across the United States, United Rentals is the world’s largest equipment rental provider, offering 3,300 classes of equipment. United Rentals will deliver Echo Barrier’s acoustic barrier products including the Echo H2 Acoustic Noise Barrier, Echo H3, Echo FR H2O Acoustic Enclosure, among with numerous other noise reduction accessories.
Chile's state-owned copper giant Codelco's announcement today of another round of layoffs is just the latest sign of an industry under stress. Copper has recovered from six-year lows struck late August on the back of supply cuts by major producers but at around $2.30 a pound or $5,000 per tonne on Tuesday there isn't much breathing room for producers. The latest estimates by the Lisbon-based International Copper Study Group paint a very different picture from the previous forecast made in April. The market is now expected to be broadly in balance this year and to fall into a deficit of 130,000 tonnes in 2016. This compares with April’s forecasts of surpluses of 364,000 and 228,000 tonnes respectively.
Despite a $4.2 billion expansion project output at the world's largest copper mine output will fall by 17% this yearAccording to ICSG World mine production, after adjusting for expected disruptions, is expected to increase by around 1.2% in 2015 to 18.8 million tonnes. 2014 recorded similar growth rates. The expected market shortfall in 2016 will be against a backdrop of higher mine output of around 4% expected next year. The copper industry has a long history of these supply-side surprises however. Typical disruptions associated with adverse weather (exacerbated this year and next by El Nino, which create droughts on one side of the pacific and floods at the other), technical problems, power shortages and labour activity coupled with falling grades and dirty concentrates at old mines (pushing up unit costs) make forecasting a tough proposition.
A tripling of capacity at Cerro Verde will catapult the century old mine into the top three global copper operations by 2017While Freeport has made cutbacks at existing operations it's going ahead with the expansion of the Cerro Verde copper and molybdenum mine in Peru, which has been in production since the mid-1800s. Capacity at the concentrator plant at the open pit is being tripled to 360,000 tonnes per day and should catapult Cerro Verde to the top three global copper operations by 2017. New mines such as Las Bambas, owned by China-backed MMG, will produce on average 400,000 per year in its first 5 years of production. Construction at the Peruvian mine is nearly complete and the Australia-based MMG expects first production of concentrate in the first quarter of 2016. Last month the copper price got a boost when deadly clashes at the mine forced Peru to declare a state of emergency in the region. More evidence that even sure bets like Las Bambas – acquired by Chinese investors from Xstrata at the time of the merger with Glencore – are prone to disruption. Oyu Tolgoi mine has one of the world’s largest copper and gold reserves and is currently operating as an open-pit in Mongolia. Oyu Tolgoi is expected to produce an average of 430,000 of copper and 425,000 oz of gold per year over its mine life. Full production following a $5 billion underground expansion is expected in 2021 and at full tilt the mine will represent nearly a third of the country's GDP. Rio Tinto-controlled Turquoise Hill Resources holds 66% and the Mongolian government the remainder.
Thunderstruck Resources Ltd. (TSXV:AWE) is developing a diverse portfolio of mineral properties in the island archipelago of Fiji. The Company’s two flagship properties are the Nakoro and Wainaleka zinc-copper projects located on the main island of Fiji, Viti Levu. Thunderstruck’s Fijian property portfolio covers nearly 4 percent of the main island and also includes the prospective Liwa Creek Gold Project, and Rama Creek copper-gold porphyry. Both the Nakoro and Wainaleka zinc/copper projects are the site of successful historic drilling by Anglo American Corporation. Thunderstruck Resources has focused its attention on Nakoro and has identified targets for a planned drill campaign in 2015. Thunderstruck Resources is managed by an experienced team of geology, mining and financial professionals. The Company’s Country Manager, Bill Brook has worked as a geologist in Fiji for more than three decades and conducted preliminary sampling on the project areas in the 1980s. Project Manager Geoff Taylor, knows the properties well, having participated in the Anglo American drill campaigns in the 1970’s.
Japanese equipment maker Komatsu (TYO:6301) became the latest victim of a global slowdown in demand for construction and mining gear as it reported a 19% drop in second-quarter profit.
Net income declined to US$217 million (32.6 billion yen) in the quarter ended in September, from a revised 40.3 billion yen a year earlier.The company, the world’s second-largest supplier of industrial machinery, said net income declined to US$217 million (32.6 billion yen) in the quarter ended in September, from a revised 40.3 billion yen a year earlier.
Construction and mining equipment account for almost 90% of the Tokyo-based company's revenue.Komatsu, however, did not change its previous outlook for the fiscal year ending March 31, 2016. It still expects full-year net income to drop around 10% to 138 billion yen, while operating profit will probably fall 8.7% to 221 billion yen. The Asian equipment manufacturer’s main competitors have not done any better. Last week, Caterpillar (NYSE:CAT) missed on earnings and slashed its profit outlook for the year. And yesterday, Hitachi Construction Machinery, Japan’s second-biggest producer of building machinery, cut its sales and profit targets for the year, saying that the slowdown in demand in China had spread to its markets in the developed world. Cecilia Jamasmie | October 28, 2015 www.mining.com
The third quarter gold survey by GFMS Thomson Reuters calculate global primary gold production rose 2% in the first half of the year to 1,507 tonnes. Most of the growth too place in Asia and where production across the region grew by double digits. That was thanks to increased production in top gold mining country China, which added nearly 10 tonnes for first half production of just under 219 tonnes. China's many state-owned gold mines overtook South Africa in 2007 as the world's top gold producer, a position it has held since.
The number of registered artisanal miners, or barrequeros, in Colombia now top 100,000 and production should keep risingIndonesia grew output a full 28% or 14.5 tonnes to more than 66 tonnes in the first half. Smaller producing countries in Central Asia made even greater strides with Kazakhstan, Kyrgyzstan and Mongolian production showing strong gains. A better performance by Kyrgyzstan's Kumtor mine, majority owned by Canada's Centerra Gold and a rise in Mongolia of byproduct output from the massive Oyu Tolgoi copper-gold mine saw output in both countries jump some 50%. A $5 billion underground extension where 80% of Oyu Tolgoi's resources are located should see Mongolia enter the top 20 producing countries in the near future. Colombia enters the ranking at number 20. GFMS estimates the number of registered artisanal miners, or barrequeros, inside the country now tops 100,000 and production should keep rising from the 21.6 tonnes achieved in the first half. Peru, the world's number 5 gold producer also shows strong growth with six-month output rising 7% to 86.7 tonnes while Argentina managed to up output by 15%.
During the industry's peak in the 1960s and 1970s South Africa accounted for as much as 80% of total global output, surpassing 1,000 tonnes in good yearsCanada overtook South Africa to become the world's sixth largest gold producer after increasing output for seven years in a row to more than 150 tonnes on an annual basis. On a tonne for tonne basis the US was one of the biggest losers with production declining 4% to below 100 tonnes due to falling grades at Barrick Gold's Cortez mine in Nevada and the suspension of the Hollister operation. The US is the world's fourth largest producer of gold behind Russia and Australia. The greatest declines in Africa and globally came from South Africa and Ghana. South African output fell by an estimated 14% to 70 tonnes in the first half of 2015. The country was the number one gold mining country for more than a century and during its peak in the 1960s and 1970s accounted for as much as 80% of total global output, surpassing 1,000 tonnes in good years. Production was affected by safety stoppages across many South African operations during the period while in Ghana, power shortages and the cessation of underground mining at Obuasi hit output which was down 9% or five tonnes for the six months according to GFMS research. Overall output in Africa was down 2% with a 31% rise in the Democratic Republic of the Congo where Randgold Resources Kibali mine is ramping up and commercial production of Otjikoto in Namibia failing to offset the losses at the continent's top producers.
I shall briefly address the impact of negative interest rates, should they occur, at the end of this report, after looking at this week’s trading. The week started with a slow downwards drift for precious metals on Monday and Tuesday before a sharp two-day rally, taking the gold price up $33 (nearly 3%) by yesterday afternoon. There was very little gold-related news to trigger this rally, only the deterioration of other markets. For bulls of precious metals it really has been a case of patience being rewarded. Those who have followed the advice of the major investment houses must be badly bruised. For them, equities should be wending their bullish way and gold challenging the $1,000 level. The evidence is mounting that to continue with this investment philosophy will likely be increasingly costly. On the futures markets, Open Interest in precious metals shows little sign of turning up, so on this basis we cannot claim there is much evidence of buying yet. The gold price and Comex OI are shown in the chart below. Negative interest rates and gold - Comex Gold graph The disparity between OI and the gold price has been evident since the low in early-August, so in that context this week’s rally is nothing new. Silver’s open interest continues to drift lower, while the price is trending higher, telling a similar story.