MINING.COM Staff Writer

Business Spectator reports the scale of the challenge confronting new Murchison Metals chairman, and former AGL chief executive, Greg Martin has been made clear by Monday’s presentation on the proposed Oakajee Port and Rail project and Murchison’s Jack Hills iron ore joint venture. Murchison, a company with a market capitalisation of less than $300 million, is trying to develop projects with combined capital costs of almost $10 billion.

News24 reports new hydraulic technology from South Africa's Peterstow Aquapower has the potential to change the way mining is done if widely adopted in the industry. The drill technology uses water as a hydraulic fluid instead of oil but also no external air compression or water as with conventional mining. The drill presents a "plug-and-play" system for mining as it promises to reduce costs and work more effectively. The machines cut the water use by 80% and can save about 28% of electricity costs for a mining operation.