Top five mining stories last week

Stay on top of the most popular stories on Australian Mining over the past week, including a sharp increase in the Australian dollar gold price following the Iranian missile attacks.

Iran missile strikes push Aussie dollar gold price to record

The Australian dollar gold price has temporarily moved into record territory of around $2350 an ounce as tensions between the United States and Iran increased.

Media reports that Iran had fired several missiles against the Al Assad airbase and Erbil base, both in Iraq, flooded online news services early yesterday Australian time. US troops were reportedly based at both facilities. Read more…

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National Group expands fleet to six Cat D11 dozers

National Group has secured five of the Cat D11 next generation dozers off the production line.

The machines will arrive in the coming months, adding to the Cat D11 dozer which is already working at BHP Mitsubishi Alliance (BMA)’s Blackwater coal operations in Queensland. Read more… 

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BMW to source lithium from Australian mines

The BMW Group has signed a contract with Ganfeng Lithium to receive its supply for the battery-making ingredient from Australian mines.

This entails a projected order volume totalling €540 million ($872.8 million), representing 100 per cent of BMW’s lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries, according to BMW AG’s board of management member Andreas Wendt. Read more…

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Roy Hill commits to second Pentium Hydro rig

Roy Hill has placed an order for a second rig from Vysarn subsidiary Pentium Hydro for the Pilbara iron ore mine.

The estimated value of the purchase order is around $1.3 million and is part of Pentium’s general works contract awarded by Roy Hill in November last year. Read more…

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Mining giants support national bushfire relief

Mining companies such as BHP and Rio Tinto have responded to Australia’s fire crisis by donating millions to the Red Cross.

The BHP Foundation will donate $2 million, while Rio Tinto has increased its contribution with a further $750,000 in donation. Read more…

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