August 16, 2018

Dorado: Australia’s biggest oil discovery this century

The Dorado-1 well was expected to find 545 bcf of gas but resulted in something much more valuable, a large commercial oil find.

August 15, 2018

Perth Mint launches first gold-backed ETF on NYSE

The new fund, which will trade under the ticker symbol AAAU, will charge a fee of 18 basis points, or 0.18 percent of the value of an investment.

August 15, 2018

Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC.

August 14, 2018

Mobile Automation Centres retrofitted for Metals X

In addition to RCT’s products, its technicians installed additional features as per requested by the client. This included stand-alone air conditioning, Ice Pak and rear personnel carrier to support the…

August 14, 2018

Innovation rebate caps are restricting Australia’s prosperity

Australia is at an economic crossroads. The perceived end of the mining boom and the disappearance of the last bastions of the traditional manufacturing sector have created uncertainty about Australia’s…

August 14, 2018

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

August 14, 2018

Lithium boom unlikely to disrupt potash market — analyst

While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in…

August 13, 2018

China may end up inadvertent winner from Trump’s aluminium tariffs: Russell

It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10%…

August 13, 2018

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

August 10, 2018

Global bauxite production to grow: Fitch

Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up,…