Top five mining stories last week

Stay on top of the most read articles on the Australian Mining website over the past week, including the historic rise of gold prices.

Gold prices reach historic levels in Australian dollars

Gold prices have today hit an all-time high, breaking the $1900 per ounce mark in the Australian currency for the first time.

The gold price has rallied over the past six days, having risen over $50 to reach $1906 this morning. Read more…

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Global iron ore production forecast to plummet

Seaborne iron ore is expected to fall into a larger deficit this year as a result of disruptions at Vale SA’s operations, according to S&P Global.

The latest S&P Global analysis revealed the forecast, citing Vale’s company report which revealed its total iron ore production had fallen by 11 per cent to 73 million tonnes year on year in the first quarter of 2019. Read more…

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BHP grants Pilbara local works contract at Yandi

BHP has awarded the largest single contract through its Local Buying Program to a Pilbara Aboriginal Traditional Owner business, Gumala Enterprises.

The landmark contract at the Yandi iron ore site will create around 20 jobs and include a high Aboriginal employment. Read more…

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Rio Tinto builds Winu copper momentum with long-awaited drill results

Rio Tinto has released details of encouraging intercepts at the Winu copper-gold discovery in the Paterson province, Western Australia.

The results include figures for 11 diamond drill holes that were not previously available, in addition to previously reported results for exploration drilling to the end of 2018. Read more…

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RNC makes another massive gold discovery at Beta Hunt

RNC Minerals has unearthed its second high-grade gold discovery in nine months at the Beta Hunt mine near Kambalda, Western Australia.

An estimated 987 ounces of coarse gold has been recovered in 238 kilograms of rock from a series of veins, worth approximately $1.9 million at today’s gold price. Read more…

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