Top five mining stories last week

Cat 793F autonomous mining truck.

Stay on top of the most popular stories on Australian Mining over the past week, including the announcement that Boddington will become the world’s first open pit gold mine with an autonomous haul truck fleet.

Newmont to automate Boddington trucks in world first

Newmont has approved a $150 million investment in a Caterpillar autonomous haulage system (AHS) at the Boddington gold mine in Western Australia.

Boddington will become the world’s first open pit gold mine with an autonomous haul truck fleet when the MineStar Command for hauling system is operational in 2021. Read more…

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Rio Tinto slashes Pilbara shipments outlook

Rio Tinto has restarted the iron ore operations in the Pilbara, Western Australia following the aftermath of Tropical Cyclone Damien in Western Australia.

The category 3 cyclone wreaked havoc across the Pilbara region, causing damage to roads, buildings and electrical infrastructure. Read more…

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Australian growth drives Newmont to company record

Newmont has achieved the largest gold mineral reserves in the company’s history, thanks to expansion at its Australian operations.

The company boasts gold reserves of 100.2 million attributable ounces for 2019, a 53 per cent increase from 65.4 million ounces in 2018. Read more…

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Iluka to demerge BHP iron ore royalty to new company

Iluka Resources has taken steps to demerge its royalty business at the BHP-operated Mining Area C iron ore project in Western Australia after a company review.

The company plans to establish an ASX listed company RoyaltyCo that will separate the Mining Area C project royalty from its mineral sands business. Read more…

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Pilbara Minerals production strategy pays off

Pilbara Minerals has reported improved financial performance towards the end of 2019, despite being impacted by difficult lithium market conditions.

The company today released its December 2019 half-year financial report, indicating an improvement in its cash gross margin to $11.5 million in the December 2019 quarter, compared to a $13.3 million loss in the September quarter. Read more…

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