Increased supply from Brazil and Australia will results in 300 million tonnes of price-induced curtailments through 2020 says new report.
Australia Mining News
The world’s two largest iron-ore exporters Brazil and Australia will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a slump that will then force marginal miners to cut output, according to Citigroup Inc.
Coking coal/iron ore ratio at 16-year low.
Now called RNC Minerals, the Toronto-based miner raises $9.2m to ramp up Australian gold mine acquired in May as Eric Sprott takes 10% stake.
The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.
Deadly November tailings dam burst at Samarco iron ore mine and commodity downturn key considerations to slash executive pay.
Montana's Department of Environmental Quality expressed concerns about the Black Butte copper project's potential impacts from tailings.
Prices for the steel-making ingredient are down by 9.8% over a month ago and most of the massive projects expected to come on stream this year are not producing at full steam yet.
New report forecasts very tight market conditions as stocks drop to below 5% of consumption by the end of the decade compared to more than 11% this year.
Breakthrough review shows geoscientists’ job prospects directly tied to mineral commodity price movements
As commodity prices dip, job prospects for geoscientists plummet – with little or no lag time between one outcome following the other.
The world’s second largest miner says is now rather “cautiously optimistic” in relation to what China's effect on commodity prices has in store.
Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.
The finding has Archer Exploration Limited’s 2873 sq km Eyre Peninsula Graphite Project on track to become one of Australia’s first new-era graphite mines.
The Western Australian Department of Mines and Petroleum (DMP) green-lighted the Browns Range Pilot Plant Project Management Plan earlier this month.
Research suggesting that the country's economy would not be hurt by a gradual phasing out of coal production is met with ire.
Rock chip assays show grades of up to 25.6% zinc, 669 g/t silver and 19.1% lead.
The situation could add further heat to prices that have nearly doubled since the start of August.
Project addresses one of the biggest challenges faced by the wide-scale adoption of renewable energy — storage.
Australia's largest iron ore mine eases some near-term oversupply fears.
Jindal Steel & Power Ltd. is also planning to resume operations in Mozambique as coking coal prices have more than doubled this year.
dust-eze Pty Ltd, is set to revolutionise dust management across all industries by introducing an eco-friendly and ground-breaking range of dust suppression solutions for projects and sites across Australia and New Zealand.
S11D is the most recognized four letter word in the iron ore world.
"China’s steel use will also reflect its maturing economic structure and consumerization."
The commodity added $14.80 per tonne on Tuesday alone. Its trading now at almost $200 per tonne.
Ocean Minerals, LLC (Ocean Minerals) has identified areas of prospective potential in the Exclusive Economic Zone of the Cook Islands, and has entered into an agreement with the Cook Islands government for exclusive rights to prospect and explore these areas.