Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.
A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.
The Kimberley town, which sparked the late 1800s Western Australian gold rush, is seeing a rebirth of the industry.
The company is also slashing 30% of its foreign employees and 15% of the local workforce.
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.
The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
A burst of $US3.6 billion ($A4.85 billion) invested in Myanmar's oil and gas sector in the past year is a green light for Australian companies involvement, Australian business representatives say.
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.
Canadian mine takes top honours but Russia and USA dominate the rankings.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.
It would be the first time since 2009 that Anglo has to cut dividends.
Last month’s announcement that Energy Resources Australia will pull the plug on the Ranger uranium mine in the Northern Territory signals the end of one of the most controversial chapters in Australian mining history.
A group of scientists is asking international authorities to temporarily halt the approval of new underwater mining contracts until further environmental controls are put in place.
Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.
Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.
Federal Agriculture Minister Barnaby Joyce has hit out at the Government's decision to give conditional approval for a huge open-cut coal mine near prime agricultural land.
As high volatility in the Chinese stock-market reinforced worries of a dropping demand from the nation, the world’s top metals consumer.
Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.
But New South Wales says the proposed amendment would give social and environmental issues equal standing with the economic in decision making.
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