Vedanta profit plummets 41% on soft metal prices
Prices of zinc, aluminum have fallen from their peaks by over 15% in 2022 from a year earlier.
New underground lead/zinc/silver mine in Broken Hill to start next year
The Rasp underground mine in the heart of one of Australia’ most historic mining centres — Broken Hill’s Line of Lode — should be operating by April next year.
Development of the Rasp mine on Central Mining Lease 7 is in one of the most intensely worked areas between the Perilya Ltd North and South mining leases and it had a stop-start scenario with the big stall being when the zinc price crashed in during the global financial crisis.
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Plug Power scraps electrolyser plant partnership with Fortescue
The project, announced in October 2021, is a key plank in Fortescue's ambition to become a major green energy company.
Fortescue’s Iron Bridge to begin production this quarter; Q2 shipments rise
The Iron Bridge Magnetite project, which has been a major plank of the miner's growth strategy, has faced multiple cost blow outs and delays.