The 2022–23 Federal Budget has backed the resources sector, with a focus on upskilling and diversifying Australia’s exports.
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FLSmidth sets sail for Port of Gladstone
FLSmidth will build Gladstone Ports Corporation’s new shiploader 1 and decommission the old shiploader in a safe and sustainable manner.
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Coal exports more than double
The ABS latest International Trade in Goods and Services data shows total coal exports increased 159 per cent on the same period last year.
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Coal lights up export price index: ABS
Coal and non-ferrous metals were among those to underpin Australia’s export price index for the December quarter, while China’s fall in demand for metalliferous ores weighed heavily.
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Iron ore hits $130/t ahead of Chinese New Year
The price of Australian seaborne 62 per cent iron ore fines has topped $US130 per tonne for the first time since October 2021, thanks to increased Chinese steel production.
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Thermal coal heats up as Indonesia mulls ban
Thermal coal prices have risen above $US200 per tonne for the first time since November began, owing to Indonesia’s export ban while it manages domestic supply issues.
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MinRes, Roy Hill, Hancock have big port plans
Mineral Resources has partnered with Hancock Prospecting and Roy Hill to investigate the development of a new iron ore export facility in Port Hedland, Western Australia.
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Mining industry stands strong despite challenging year
Australia’s International Business Survey has revealed the mining industry was financially better off this year than 12 months ago.
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Coal could become carbon neutral with new tech
The Allam-Fetvedt Cycle technology could provide a net-zero avenue for coal by producing saleable hydrogen as a by-product, while capturing the emitted CO2.
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Westport grows legs as WA demands trade growth
The long deliberated Westport, south of Perth, has been the subject of a market briefing, as plans for Western Australia’s latest port facility look to satiate the state’s trade needs.
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Orica seeks sale of Minova
Orica has put subsidiary Minova up for sale following hampered market conditions and the halving of overall earnings.
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Australian iron ore prices rise in China
Prices for Australia's high-grade iron ore fines have increased this week after data on China's steel output in 2020 was revealed.
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Port Hedland expansion sets up WA job opportunities
The port of Port Hedland in Western Australia has contributed a whopping $64.1 billion to the Australian economy in 2018–2019, but this is set to increase even further over the next decade.
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Heron overcomes delays to mark first shipment
Heron Resources has completed its first export shipments from its Woodlawn zinc-copper mine in New South Wales.
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Australian resources exports tipped to extend record breaking form
Australia’s resource export earnings are continuing to grow, with surging commodity earnings expected to offset global market volatility in the midterm.
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Queensland enjoys more record export numbers
Queensland has broken another export record, having earnt $70 billion over the last 12 months for the first time according to the Australian Bureau of Statistics.
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EcoMag targets $1bn in revenue from Dampier Salt wastewater
An emerging specialty chemicals producer EcoMag has set its sights on producing magnesium carbonate using wastewater streams from salt production in the Pilbara, Western Australia.
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Clean coal demand drives Yancoal growth aspirations
Yancoal Australia has highlighted a continued energy industry demand for high efficiency thermal coal after posting record production and earnings for 2018.
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Altura Mining secures additional capital to bolster Pilbara expansion
Altura Mining has secured an additional $US15 million ($21 million) to support the operation of its Altura lithium project at Pilgangoora in the Pilbara.
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Swings and roundabouts: China, coal and our budget deficit [opinion]
What does a coal miner’s working roster in China have to do with Australia’s export income and the well-publicised budget deficit? Quite a bit it turns out.
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