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Fortescue, Rio Tinto prices rally

Fortescue, Rio Tinto prices rally

Australian iron ore majors such as Fortescue, BHP and Rio Tinto have all received a significant boost to their share prices in the wake of Vale’s tailings dam woes.

Iron ore on way to $US100/tonne

Iron ore on way to $US100/tonne

The global iron ore price is expected to temporarily rise above $US100 ($138) per tonne due to fallout from Vale’s recent tailings dam disaster in Brazil.

Labor plans to stop Wallarah 2 coal

Labor plans to stop Wallarah 2 coal

Wyong Coal’s long-gestating Wallarah 2 coal project in New South Wales may have secured a federal government approval, but the project could still be nixed if Labor wins the next state election.

Fortescue prices climb

Fortescue prices climb

Fortescue prices climb as West Pilbara Fines delight China Fortescue Metals Group is making a strong first impression with its higher grade product in China as prices for iron ore have increased for the miner.

Yancoal targets NSW growth

Yancoal targets NSW growth

Chinese-controlled Yancoal plans to ramp up optimisation and exploration work at its Tier 1 assets in New South Wales to meet rising consumer demand for high-quality coal.

Rio Tinto iron ore production rises

Rio Tinto iron ore production rises

Rio Tinto’s iron ore shipments from the Pilbara in Western Australia have remained strong in 2018 with a 2 per cent increase on 2017 to 338 million tonnes.

South32 strengthens Illawarra coal

South32 strengthens Illawarra coal

South32 strengthens Illawarra coal performance off longwall improvements The company’s production reached 3.8 million tonnes at Illawarra in the December 2018 half year, representing a 106 per cent increase on the same half a year earlier.

Two short-listed for Lumsden Point

Two short-listed for Lumsden Point

Long-awaited plans to develop new port facilities at Port Hedland have moved a step closer with two companies short-listed to work up more detailed proposals.

Impact of automation ‘very positive’

Impact of automation ‘very positive’

The transformation of mine sites into fully automated operations will bring great benefits to workers, including the removal of conditions attached to fly-in fly-out (FIFO) work, technical recruitment services provider Fircroft has reinforced.

Construction starts on WA’s largest

Construction starts on WA’s largest

Albemarle Corp has entered the new year by launching construction of its Kemerton lithium hydroxide conversion site in Western Australia.

Pilbara Minerals expand Pilgangoora

Pilbara Minerals expand Pilgangoora

Pilbara Minerals is moving forward with its planned expansion of the Pilgangoora lithium-tantalum project in Western Australia thanks to recent funding developments with Chinese and South Korean companies.

Fitzroy targets inexperienced

Fitzroy targets inexperienced

Fitzroy Australia Resources plans to fill half of the jobs it is creating at the Ironbark No. 1 coal project in Queensland with workers who are new to the mining industry. The company will require more than 350 workers at the coking coal operation near Moranbah and has earmarked 50 per cent of the roles for mining rookies.

Australia set to move on lithium

Australia set to move on lithium

Australia set to move on lithium battery opportunity The Australian Government looks ready to play a part in helping the country capitalise on its potential as a manufacturer of lithium-ion batteries.

SIMPEC secures contract at Rio Tinto

SIMPEC secures contract at Rio Tinto

SIMPEC has been awarded a $4 million contract at Rio Tinto’s $US579 million ($787 million) Robe River joint venture project, West Angelas, in the Pilbara.

Cadia East bounces back

Cadia East bounces back

Cadia East bounces back as Australia’s top gold producer Newcrest Mining’s Cadia East operation in New South Wales has taken top spot as Australia’s largest gold producer in the September quarter as it edged closer to a full recovery from the tailings dam wall collapse in March.

Lithium Australia waste battery

Lithium Australia waste battery

Lithium Australia creates waste battery material in world-first process

MinRes reveals $1.6bn Agreement

MinRes reveals $1.6bn Agreement

Albemarle Corporation has secured an exclusivity agreement with Mineral Resources (MinRes) to potentially acquire half of the Wodgina lithium project in Western Australia for $US1.15 billion ($1.58 billion).

COAL DEMAND STRONG: REPORT

COAL DEMAND STRONG: REPORT

DEMAND for coal will continue to grow through to 2040, according to the latest World Energy Outlook (WEO) report by The International Energy Agency (IEA).

Indonesian miner bids for Stanmore

Indonesian miner bids for Stanmore

Stanmore Coal is the target of a $240 million takeover offer from a subsidiary of Indonesia’s Golden Energy and Resources.

Pink diamond sells for world record

Pink diamond sells for world record

Pink diamond sells for world record price Categorised as fancy vivid pink, the 18.96-carat diamond, named Pink Legacy, reached 50.3 million Swiss francs ($68.8 million) at the Magnificent Jewels auction run by Christie’s in Geneva, Switzerland. This priced the diamond at around $3.6 million per carat.

Mining leads Australia’s job growth

Mining leads Australia’s job growth

The mining, resources and energy industry has joined healthcare and IT as one of the top three drivers of job ad growth in Australia.

Annual wage growth highest in 3 yrs

Annual wage growth highest in 3 yrs

Hourly pay rates across Australia rose 2.3 per cent in the 12 months to September, the highest annual growth rate in three years.

Silver Lake bids for Doray Minerals

Silver Lake bids for Doray Minerals

Silver Lake Resources and Doray Minerals have launched plans to merge. Should the deal go ahead, the merged company will have a total estimated market capitalisation of $421 million. Both Doray and Silver Lake’s boards have unanimously recommended the transaction.

Record Argyle Pink Diamond tender

Record Argyle Pink Diamond tender

Rio Tinto has broken records at a recent tender of Argyle Pink Diamonds. The tender featured 63 rare pink, red and violet diamonds from the Argyle mine in the Kimberley, Western Australia, including six hero diamonds named Magnificent Argyle.

QLD coal mine to deliver 350 jobs

QLD coal mine to deliver 350 jobs

Fitzroy Australia Resources’ Ironbark No. 1 coking coal mine has received approval from the Queensland Government in a move expected to create 350 local jobs.

BHP to pay $US10.4b to shareholders

BHP to pay $US10.4b to shareholders

BHP has announced that it will return $US10.4 billion ($14.7 million) to shareholders at a price of 38 cents per share.

Thiess wins $1.2bn contract with BHP

Thiess wins $1.2bn contract with BHP

CIMIC-owned Thiess has secured a $1.2 billion mining services contract at the Mt Arthur coal operation in the Hunter Valley, New South Wales.

NRW’s Action Drill & Blast

NRW’s Action Drill & Blast

NRW Holdings subsidiary Action Drill & Blast has been awarded two Western Australian contracts worth a combined $24.5 million by leading miners, Talison Lithium and BHP.

Rio Tinto, Hancock

Rio Tinto, Hancock

Rio Tinto, Hancock Prospecting launch fourth Hope Downs development. Hope Downs, in the Pilbara of Western Australia, is already comprised of three major open pit mines – Hope 1 North, Hope 1 South and Hope 4 – producing high-grade lump and fines products. Baby Hope is around four kilometres south-west of the Hope Downs 1 South deposit, and immediately north of the Lang Hancock rail line.

BHP awards Pilbara iron ore contract

BHP awards Pilbara iron ore contract

Monadelphous has secured a $240 million contract with BHP to provide maintenance services for shutdowns, outages and minor capital works at its iron ore operations in the Pilbara, Western Australia.

Clive Palmer $1.5bn coal-fired power

Clive Palmer $1.5bn coal-fired power

Clive Palmer announces $1.5bn coal-fired power station in QLD Palmer said he anticipates that 1000 people will be employed over the power plant’s three-year development period, with up to 90 employees required throughout its 30-year mine life.

Ausdrill acquisition of Barminco

Ausdrill acquisition of Barminco

Ausdrill acquisition of Barminco to create Australia’s second largest mining contractor Set to acquire underground hard rock contractor and African joint venture partner, Barminco, in a deal worth $271.5 million.

Metro Mining Wins Big

Metro Mining Wins Big

Metro Mining wins big in Chinese bauxite market The agreements represent around 90 per cent of Metro’s anticipated 2018 production and 80 percent of its 2019 production. They include sales into Henan province in inland China, where supply of domestic bauxite has been hindered by mine closures.

Zinc production restarts at Century

Zinc production restarts at Century

New Century Resources has started flotation and production of zinc concentrate at the Century mine processing plant in Queensland.

Alcoa workers take industrial action

Alcoa workers take industrial action

Alcoa workers in Western Australia have gone on strike over the company’s new Enterprise Bargaining Agreement (EBA) for its operations.

WA listed companies

WA listed companies

WA listed companies reach highest value since 2011 Deloitte’s latest WA Index has shown that the value of Western Australia-based listed companies has jumped by 26.8 per cent to $193.5 billion during the 2018 financial year, the highest level since May 2011.

Fluor, BHP South Flank partnership

Fluor, BHP South Flank partnership

Fluor has extended its relationship with BHP at the South Flank iron ore development in the Pilbara, Western Australia with a project and construction management contract.

Rio Tinto lets go of Aus coal assets

Rio Tinto lets go of Aus coal assets

Rio Tinto has completed the sale of its remaining Australian coal operations in Queensland for $US3.95 billion ($5.3 billion).

Rio Tinto ‘intelligent’ mine

Rio Tinto ‘intelligent’ mine

Rio Tinto takes key step towards first ‘intelligent’ mine Rio Tinto has approved $US146 million ($197 million) in preliminary funding for the Koodaideri iron ore project in the Pilbara region, Western Australia. The miner plans to develop Koodaideri into its first “intelligent” operation by including the latest in high-tech advances in the industry and by using an increased level of automation and robotics.

Mining tech

Mining tech

Mining tech in development to improve safety in underground mines

MACA secures contract extension

MACA secures contract extension

Regis Resources has awarded MACA a contract extension for open pit mining services at the Duketon South gold operations near Laverton, Western Australia.

Telepsychiatry service

Telepsychiatry service

Telepsychiatry service to deliver mental health care to remote workers

Mining industry Growth

Mining industry Growth

Mining industry posts another month of growth The Mining, Resources & Energy industry continues to post positive results despite the national job ad market cooling this month. The industry took the top spot for the 11th consecutive month for annual job ad growth with a 32% year-on-year increase compared to June 2017.

MinRes and Brockman $300m JV

MinRes and Brockman $300m JV

MinRes and Brockman to form $300m Marillana iron project JV Brockman and MinRes will co-operate on a 20 million tonnes a year (20Mt/y) iron ore export operation, with the potential to increase to 30Mt/y. The operation is expected to cost upwards of $300 million, to be split down the middle between the two companies. MinRes will handle pit-to-port transport using its Pilbara light rail system to Port Hedland for shipping to Asia.

Pilgangoora lithium project

Pilgangoora lithium project

Pilbara Minerals has produced its first coarse concentrate from the Pilgangoora lithium-tantalum project in the Pilbara, Western Australia.

University of Queensland

University of Queensland

Tops global ranking for mining and mineral education

Alcoa revolutionises mine operations

Alcoa revolutionises mine operations

Alcoa continues to pioneer new ways of working with digital tools and is now utilising drone technology to perform its operations across Western Australia.

Lithium

Lithium

Is Australia hurting its lithium opportunity? Lithium Australia managing director Adrian Griffin has warned that Australia’s opportunity to become an international anchor point in the $213 billion global battery market could be derailed by proposed Federal Government changes to research and development (R&D) funding in its latest Budget.

NRW wins $176m South Flank contract

NRW wins $176m South Flank contract

NRW wins $176m South Flank earthworks contract for BHP, creating 350 jobs

Quadrant, Carnarvon tap Bedout Basin

Quadrant, Carnarvon tap Bedout Basin

‘game changer’ Carnarvon Petroleum and Quadrant Energy have made a “staggering” oil discovery at their Dorado-1 well being drilled in the Bedout Basin, according to operator Quadrant.

Rio Tinto

Rio Tinto

Iron ore exports rise as higher costs emerge

Surging thermal coal sector boosts

Surging thermal coal sector boosts

Whitehaven, which today released its June update, exported 17,365t of product from its operations in the 2018 financial year, a 10 per cent increase on the previous year.

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