Construction at Carrapateena will commence next year, with first production in 2019.
Australia Mining News
Firmly back above $50 a tonne as miners' cost deflation eases.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
Hatch is further strengthening its services and capabilities in the oil and gas sector to pursue new opportunities for growth in the Australia–Asia region.
Lincoln Minerals has been granted a 21-year lease for the 300-hectare Kookaburra Gully graphite project on South Australia’s Eyre Peninsula.
Pacific Environment has identified ports as an opportunity for environmental monitoring solutions because Australia’s growing resource exports (LNG exports alone are expected to triple by the end of the decade) are placing greater pressure on our ports, which in turn increases the environmental hazards such as concentrated smog and dust and the discharge of sewage, bilge water and oil pollution.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.
This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable.
CHARTS: Down 26% in a month the forward curve now points to the low $30s.
And while the Singaporean-based owners of the Basslink infrastructure have now targeted a revised restart for the end of this month, the new EnergyQuest report released today says the Basslink related economic losses to date are at best conservative.
Scandium promises to be a future wonder metal. And Australia is likely to become its major source of supply.
About 350 people will lose their jobs when the mine closes in early 2019.
Statement from Minerals Council of Australia
Federal investigators claim Vale modified official documents detailing the chemical composition and concentration of the mineral waste spilled.
It’s only when something crazy happens that we normal folk start to take notice, which has given mining something of a reputation with most people.
The figures demonstrate that developing nations in South East Asia require high quality coal to meet increased electricity demand, powered by the growing urbanization of the population.
Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.
Significant brown and greenfield projects through 2020 nearly outnumber the next ten countries on the list.
Elevated below rail technology has the potential to open up significant mining assets long considered stranded.
BHP wants find a way to up output for the industrial metal from its Olympic Dam by 40% even before a proposed and long-awaited mega-expansion of the operation takes place.
Inferred mineral resources for Nautilus' CCZ project went up to 685 million tonnes from 410 million tonnes.
Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.
K92 Mining (KNT.V) is poised for production at its Papua New Guinea (PNG) gold project and lists on the TSXV tomorrow under the symbol KNT.
China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.
Rio Tinto has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation