The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region.
Australia Mining News
The world’s largest mineral exploration collaboration, MinEx Cooperative Research Centre (CRC), has welcomed MICROMINE as the sole software provider to be involved in the landmark project. MICROMINE will provide information and advice on software solutions for mineral exploration as part of the $218 million CRC project, which was set up to develop new technologies to increase the discovery of new mineral deposits.
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.
The company’s stock closed Tuesday in Sydney 1.82% higher at A$8.97 on the news.
Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.
The company said the acquisition is key to help miners in its portfolio know the ore characteristics within their mines.
According to the industry group, such reform would encourage additional investment in capital and technology.
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.
A Yancoal spokesman said that its Moolarben Coal complex had been directly impacted by the train derailment but that it was too early to advise of any potential impact to customers
Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects.
Market for lithium-ion batteries, utilized for example in electric cars and other electric equipment, is growing at an impressive annual rate of 20 percent. Due to increasing demand, a vital raw material for these batteries, lithium, is possibly one of the most valuable minerals in the foreseeable future. But what is the best place to look for the “white petroleum”?
Major flooding has caused parts of Queensland to be declared disaster zones, resulting in two casualties and more than 1,100 evacuations.
Total mineral resource was upgraded to 21.2 million tonnes at 1.83g/t gold for 1.25 million ounces, up 75% from December 2017.
Coal became the number one export earner in 2018.
Effective June 1, 2019.
Hard rock lithium concentrate swamping China drops spodumene prices 17% in January with more pain likely.
People are often not aware of where their most prized devices really come from.
OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.
Today’s chart pulls its numbers from the recent 2018 Corruption Perceptions Index report, which has been published by Transparency International annually since 1995.
Wood Mackenzie forecasts that global lead production will increase in 2019 by about 250 kt.
A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.
Paul D. Mitchell has been named the new EY global sector leader for mining and metals.
"A First Nations' voice to parliament is a meaningful step towards reconciliation," BHP Chief Executive Officer Andrew Mackenzie said.
The loss of about 40 million tonnes of annual supply is expected to boost demand for Australian ore.
New mid-grade products helped lift output amid worries of slowing Chinese growth.