Top five mining stories last week

Coal operation at the Mt Owen mine in New South Wales. Image: Glencore

Stay on top of the most popular stories on Australian Mining over the past week, including the announcement that Glencore is looking to reduce its scope three emissions by 30 per cent by 2035.

Glencore to deplete coal resource base 

Glencore chief executive Ivan Glasenberg, who is rumoured to be leaving the company soon, is not stepping down from his role without driving the company’s transition to a low-carbon economy.

Glencore aims to reduce its scope three emissions by around 30 per cent by 2035, which will be partly achieved by depleting its coal resource base over time. Read more…

***

Coronavirus scare pushes gold to record high

Gold producers are continuing to relish record prices as the commodity once again listed an all-time high, skyrocketing to $US1666 ($2520) this morning.

High prices are being supported by safe haven buying from fears of the coronavirus not yet being contained in China and the news of a longer incubation period that initially thought, according to ABC Bullion. Read more…

***

Termite mounds send clues on unknown deposits

Metallic blue crusts within soil and termite mounds could be a signpost for hidden metal deposits in the southern Pilbara region of Western Australia.

A CSIRO study from the region shows how metallic blue crusts, known as manganese crusts, display unique zinc characteristics that indicate the presence of other base metals in the area. Read more…

***

Rio Tinto zeroes in on Minu copper plans

Rio Tinto plans to reach first production at the Winu copper-gold project in Western Australia in 2023, and is progressing discussions with the Traditional Owners to achieve this.

The company continues drilling and geophysical testing on site, on top of nearly 140 kilometres that have been drilled. Read more…

***

WA tops world as place for mining investment

Western Australia has become the top mining jurisdiction for investment, according to Fraser Institute’s annual survey of mining company rankings.

The state leads the way for the first time since 2015 after being rated the second most attractive jurisdiction in the world by the Canadian think-tank last year. Read more… 

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.