Top five mining stories last week

Stay on top of the most popular stories on Australian Mining over the past week, including the biggest monthly fall in the iron ore price in eight years.

Iron ore price hit by biggest monthly drop in eight years

The seaborne iron ore price has experienced its largest one month drop in almost eight years as shipments increased to China, sparking supply pressure.

S&P Global Platts reported that iron ore lump premiums have plummeted 74 per cent over the past two months as steel mills reduced the usage of lump in response to thin steel margins. Read more…

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Komatsu strikes BHP deal for 41 South Flank autonomous trucks

Komatsu will deploy 41 automation-ready Komatsu 930E-5 ultra-class haul trucks at BHP’s South Flank iron ore project in the Pilbara, Western Australia from next month.

BHP, which has historically worked with Caterpillar on its Pilbara autonomous projects, approved the South Flank project in June last year with plans for site-wide automation. Read more…

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CSIRO edges closer to solving the mystery of the Pilbara gold nugget

An ‘old-school gold rush’ kicked off in the Pilbara goldfields in 2017 with the discovery of hundreds of gold nuggets shaped like watermelon seeds.

Since then, the mystery of the source of these uniquely shaped rocks has grown and the CSIRO has hypothesised a response. Read more…

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Nickel price reaches five-year high as supply uncertainty mounts

Nickel prices have surged to the highest levels in five years amid global supply fears stemming from Indonesia, the world’s largest nickel producer.

The most recent surge in benchmark nickel prices on the London Metal Exchange (LME) to $US17,900 ($26,660) per tonne followed an announcement by Indonesian Government officials that the country would ban ore exports from December. Read more…

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BHP prepares future workforce through ‘School of Rock’ program

BHP has launched a training program at its Olympic Dam site in South Australia, creating job opportunities for people without experience in mining.

The underground school of excellence, named ‘The School of Rock’, is a tailored five-week program of theory and practical training. Read more…

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