mining News

Sciemus Partners with HSCM Bermuda and Is Renamed Argon Underwriting

Sciemus, a specialty Lloyd’s MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and insurance-linked assets across all lines of business. The deal also calls for Sciemus to change its name as it evolves …

CNA Hardy Appoints IMIU’s Fryer as Class Manager, Mining Specialist

CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the appointment of James Fryer as class manager, mining specialist. Reporting to Lloyd Tunnicliffe, head of Property, Fryer will be responsible for building out …

Global Alliance Founder Wins License to Operate Mozambique Insurer

The Mozambican unit of a company set up by Global Alliance Group founder Robert Lewis has won a license to become the southern African nation’s 17th insurer. ICE Seguros, part of London-based International Commercial & Engineering Holdings, will provide insurance …

New Mexico Jury Gives 1-Cent Damage Award

A potash mining company won its lawsuit against an oil and gas company over a mistake in a New Mexico drilling project but a jury awarded just one cent of damages. The award for Plymouth, Mass.-based Mosaic Co. in its …

Utah Mine Landslide 1 Of Largest In History

A massive landslide that halted operations at a major Utah copper mine last week was one of the largest in the history of open pit mining, an expert said this week. The assessment came after Kennecott Utah Copper announced that …

Scientists Back EPA on Montana Asbestos Risks

Federal officials anticipate finishing by late 2014 a risk study to guide the cleanup of an asbestos-contaminated Montana mining town, after a panel of scientists backed draft results that say even a minuscule amount of the substance can lead to …

El Nino Seen Having ‘Modest Impact’ on Australia

An emerging El Nino weather pattern is likely to have only a modest impact on crops and mining in Australia and could benefit sugar cane growers in Queensland, a senior forecaster said. Drier conditions have already settled in over much …

Mining Industry Launches Safety Program

The National Mining Association says it’s launching a program to get companies collaborating so mine operators with poor safety records can learn from those with good ones. The goal is to eliminate deaths and cut injuries in half within five …

Marsh Launches Global Mining Practice

Marsh has announced the formation of a new “Global Mining Practice,” which it said “harnesses all of its mining expertise, experience, and relationships around the world.” The move comes as “mining organizations pursue growth opportunities outside their home countries.” As …

Marsh Forms New Global Mining Practice

As mining organizations pursue growth opportunities outside their home countries, they are challenged by a number of new and emerging exposures. Marsh has formed a new Global Mining Practice that will combine its global relationships and experience. Andrew Chester, head …