The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
Australia Mining News
GEMCO is an open-cut mining operation, producing high-grade manganese ore that is shipped to GEMCO’s Tasmanian manganese alloy plant and around the world.
With the mining industry currently facing a critical skills shortage, a larger emphasis needs to be placed on attracting and engaging the next generation of leaders, says the Australasian Institute of Mining and Metallurgy (AusIMM) - founding partner of the International Mining and Resources Conference (IMARC).
With this development, the Australian miner has now produced both lithium carbonate and lithium hydroxide from Paradox, its flagship project.
Mining at the project in the Pacific nation will start in December, with ore shipments expected to begin in the first quarter of next year.
The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.
The mine was the third largest zinc mine in the world prior to its closure in 2016.
The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.
The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products.
It sold for more than $2.9 million.
Fitch suggests that miners' focus would probably be on cost controls.
The strike added to recent supply pressure on bauxite and alumina, key raw materials for aluminium production.
Company wants to make sure the mine is in production when the demand and price of graphite takes off, as predicted.
The union at Alcoa's aluminium operations said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks.
The deal follows the restart of open pit mining at Wiluna, which has produced more than 4.4 million ounces of gold since 1896.
BHP Billiton said on Monday its Kalgoorlie nickel smelter has been closed after a fire that broke out over the weekend and the plant will remain shut while it assesses the damage.
Coronado files IPO prospectus, sets A$4-A$4.80 price range.
Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.
But the court upheld part of the previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process.
Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says.
The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.
The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.
Australian mineral sands developer Sheffield Resources said on Wednesday it will receive a $69 million loan from Australia's northern infrastructure fund to help develop its Thunderbird project.
Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining
Until now, the Australian miner had been advancing exploration projects in Latin America focused mainly on gold, but with significant exposure to copper, molybdenum and zinc.