Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.
Australia Mining News
The company is trying to expand the existing resource at Hermes South and determine if it could become another open pit mine.
Construction will start next year with first production expected in late 2021.
Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.
Construction for the project will start in 2019, with first production expected in late-2021.
The new product is a major step in the miner's strategy to wring more value from its iron ore after profits halved last financial year.
HEX-RITE is a lifting tool used for charging high explosives into drawpoints associated with block-cave, sublevel-cave and open stope mining.
It is already being called by some experts “the thickest high-grade copper intersection seen in years.”
Rio's interest in the area has sparked a stampede into adjacent lots by other explorers, who see Rio's aggressive activity as an indicator of a highly promising find.
The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually.
According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.
That deal is expected to end years of wrangling over ownership rights to Grasberg, the world's second-biggest copper mine.
Mineral Resources shares spiked on the news, closing Thursday 26.6% higher at A$15.76.
Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.
The company’s chief financial officer has outlined a detailed plan on how to not waste a whole lot of shareholders’ money again.
BHP's maintenance work on its Port Hedland facilities, spare rail capacity and 40 ships waiting to be loaded means it will be able to make its production target for June 2018 - July 2019.
BHP Billiton and BHP Billiton Plc are now BHP Group and BHP Group Plc respectively and all the tickers, including the ones on the London Stock Exchange and the Johannesburg Stock Exchange will switch to “BHP” on Nov. 23.
Superior Gold has found more than 50 grams of gold in six intersections and more than 20 grams in 15 intersections.
The issue relates to the amount of tax BHP owed for selling its Australian commodities via its Singapore marketing business — or allegedly shifting its profits offshore.
The outlook for coal depends basically on the growth of electricity and steel production in Asia.
BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected.
It is expected that companies may choose to use the updated guidance starting January 1, 2019.
The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend.
What do you do if you’re a family that owns significant gold mineralisation, and you’re seeking commercial support to extract the full potential?
Budgets jumped about 19%, outpacing last year’s gain.