The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Australia Mining News
The settlement unlocks payments by SQM that had been on ice during the dispute, and paves the way for development to get back on track
The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the sellers of Vametco.
Lynas $800 million plant on the east coast Malaysia began operations in 2012 after long delays caused by legal challenges and environmental disputes.
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years
The operation will add to the Perth-based company annual output, until now on depending on just one mine — Lulo, in Angola.
The Australian rare earths miner said it was disappointed with Malaysia's decision to impose new conditions on its licence to operate in the country, adding it was considering all options, including legal action.
5 Key initiatives to aid the Australian mining and resources sectors to stride forward smoothly.
Using more nickel cuts costs by reducing the amount of expensive cobalt, a mainstay of current battery technology.
It needs to be removed by September 2, 2019, when Lynas' temporary storage licence expires.
It’ll be an important week for iron ore, which has been badly beaten up in November.
OK; half right.
Based on the improved outlook for Fosterville, the Toronto-based miner now anticipates that its full-year 2018 consolidated production will exceed the current target range of 655,000 – 670,000 ounces.
Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.
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.