Displaying items by tag: Mining
US: Cemex USA has applied for a permit to continue mining at Dowe Flats to support operations at its integrated Lyons cement plant in Colorado. It has asked the Boulder County Community Planning and Permitting department to allow it continue mining for 15 years until 2037, according to the Daily Camera newspaper. It then says it will close the cement plant. Its existing mining permit will end later in 2022.
China: Xinjiang Tianshan Cement, a subsidiary of Chizhou CNBM New Materials, has acquired mining rights for the Hengshan mining area and peripheral mines in Chizhou City’s Guichi District in Anhui province for US$376m. Reuters has reported that the company plans to make a total investment of US$1.38bn in establishing its mining operations there. The mines have limestone reserves of 513Mt and will be operational until 2043.
Tanga Cement boosts sales amid profitable full-year 2021
08 April 2022Tanzania: Tanga Cement’s full-year results show a 9% year-on-year rise in sales to US$99.5m in 2021 from US$91.7m in 2020. Its net profit was US$1.5m, as against a US$903,000 loss in 2020.
The Kenyan Wall Street newspaper has reported that the company replaced a kiln shell at its Tanga cement plant and outsourced mining operations at its quarry during the year.
UltraTech Cement loses licences for Amreli limestone mines
24 February 2022India: The National Green Tribunal (NGT) has quashed UltraTech Cement’s environmental clearances for its Babarkot and Jafrabad limestone mines in Gujarat’s Amreli District, the Indian Express newspaper reports. The tribunal said that, as a cluster spanning over 50ha, extensions to the mines were subject to Ministry of Environment, Forestry and Climate Change (MEFCC) approval. This was not granted at the time of the latest expansions’ approval by the State Environment Impact Assessment Authority in 2018.
Cemex’s production costs rise due to new mining tax in Nuevo León
23 February 2022Mexico: The Mexican Chamber of the Construction Industry (CMIC) has voiced cement price concerns following the introduction of a new environmental tax on mining activity in the state of Nuevo León. Cemex operates a quarry in the state, and has resultingly experienced a rise in the cost of its cement production. The El Norte newspaper has reported that the producer’s Monterrey, Nuevo León, cement plant supplies cement across northeastern Mexico.
CMIC also lobbied the government to begin awarding public works contracts to private investors instead of the Mexican armed forces. It argued that this would help to generate jobs.
Nepal: Residents of the Arghakhanchi, Palpa, Pyuthan and Rolpa hill districts of Lumbini Province have reported that increased contamination with residues from limestone extraction has made many traditional water sources unreliable. the Kathmandu Post newspaper has reported that Alpha Cement, BS Cement, Kanchan Quarries, Hongshi Shivam Cement, Palpa Cement, Sarbottam Cement, Satyawati Cement and Siddhartha Minerals operate a total of 10 mines in the affected districts. Springs reportedly took 10 years to recover following the closure of Arghakhanchi Cement’s Narpani quarry in 2012.
United States Lime & Minerals acquires Mill Creek Dolomite
15 February 2022US: United States Lime & Minerals has announced its acquisition of Mill Creek Dolomite from InterRock Minerals. The value of the deal was US$6.4m.
ACC buys Kannur limestone block
11 February 2022India: ACC has announced its successful purchase at auction of the Kannur limestone block mineral reserve in Wadi, Kalaburagi District, from the Karnataka government. The producer plans to use the block to supply limestone for its Wadi cement plant.
UltraTech Cement to acquire National Limestone Company
21 January 2022India: UltraTech Cement has entered into a share purchase agreement to acquire 100% ownership of National Limestone Company for US$3.09m. National Limestone Company’s parent company Ghadiya Group bought it from Holcim subsidiary ACC for US$2.5m in November 2020.
FLSmidth increases nine-month sales and profit in 2021
11 November 2021Denmark: FLSmidth recorded consolidated sales of Euro1.67bn in the first nine months of 2021, up by 2% year-on-year from Euro1.64bn in the corresponding period of 2020. The supplier recorded a net profit of Euro26.4m, up by 54% from Euro17.1m. Of its two divisions, its cement business’ sales increased more sharply, by 22%.
CEO Thomas Schulz said “The third quarter of 2021 saw strong momentum in order intake. The cement industry is emerging from the pandemic with improved service activity and growing demand for greener solutions. Revenue grew strongly and earnings before interest, taxation and amortisation (EBITA) increased by 72% with an improved EBITA margin in both mining and cement.” He added “Our cement reshaping activities have progressed well and EBITA in cement was positive for the first time since the first quarter 2020.”