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Australian Mining – News in Focus 28/11/14

This week saw the restart of the Uley Graphite Mine near Port Lincoln in South Australia.

This is the first time in 21 years that Australia has mined graphite, after China flooded the market in the early 90s and sent prices down to 600 US dollars per tonne.

A Fortescue Metals Group executive has admitted the company has “a bit of a” drug problem on its work sites in the Pilbara.

And a mine merger has been announced between Glencore and Peabody Energy, who will jointly manage the Hunter Valley’s United and Wambo coal mines.

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