Top five mining stories last week

Stay on top of the most popular stories on Australian Mining over the past week, including BHP awarding NRW a $48 million contract at its Olympic Dam site in South Australia.

NRW wins Olympic Dam contract with BHP

BHP has awarded NRW Contracting with a $48 million airport upgrade contract at the Olympic Dam project in South Australia.

Upgrades are set to commence later this month for a 37-week duration. Read more…

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Resource exports to surge on the back of iron ore

Australia’s resource and energy export earnings are forecast to hit a record of $299 billion in 2019–2020 despite the impact of the coronavirus outbreak.

The new estimate, put forth by the Australian Department of Industry, Innovation and Science in the latest Resources and Energy Quarterly (REQ) indicates an increase of $18 billion in the commodity export value on 2018–2019. Read more…

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BHP throws lifeline to mining supply chain

BHP will reduce payment terms for small, local and Indigenous businesses to support communities around Australia during the coronavirus pandemic.

The major miner will immediately pay outstanding invoices, quickly delivering more than $100 million to its small business partners. Read more…

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Downer puts sale of mining business on hold

Downer EDI has suspended the sale process of its mining business due to the “extraordinary market volatility” caused by the coronavirus pandemic.

This move has caused potential buyer Perenti to also drop its interest in acquiring Downer’s mining services division. Read more…

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Rio Tinto suspends Kennecott operations following earthquake

Rio Tinto has felt the impact of a 5.7-magnitude earthquake at the Kennecott copper mine near Salt Lake City, Utah in the United States.

The company endured limited damage to the operation and limited risk to the surrounding community but a detailed inspection of the complex continued. Read more…

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