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 Australian gold price’s continued rise to new heights beyond $2000 an ounce.

Gold price continues to reach unprecedented levels

Global events have pushed the gold price in the United States and Australian dollar to record levels as the precious metal strengthens its position as a safe haven for investors.

The price broke the $2000 an ounce mark in the Australian currency for the first time ever on June 20 and has continued to rise, reaching another all-time high of $2050 yesterday. Read more…

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Directors deliver double resignation at Macmahon

Macmahon Holdings has revealed that two directors, including its chairman, have resigned at the company.

Non-executive chairman Jim Walker stepped down from being director at the company and has been replaced by Eva Skira, who has been appointed interim chair of the board. Read more…

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Fortescue opens Port Hedland ore harbour facility

Fortescue Metals Group has completed construction of its fleet of tugs and towage infrastructure at the company’s Herb Elliott Port at Port Hedland, Western Australia.

The iron ore major has procured and constructed six tugs and leased a further three tugs, including six advanced rotor tugs 85-32W. It will start its tug operations in July. Read more…

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BHP targets pit-to-port automation through tech transformation

BHP plans to fully integrate and highly automate its value chain, from pit to port, by replicating the operations of the aerospace and automotive industries.

Diane Jurgens, BHP chief technology officer, noted the company’s strategy was for the value chain to be “highly automated, not fully.” Read more…

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Barminco wins $800m contract at Botswana copper project

Underground contractor Barminco has secured a major contract at the Khoemacau copper project in Botswana, Southern Africa.

The Ausdrill subsidiary will help to develop the project’s fully mechanised, 3.6 million tonnes a year Zone 5 sulphide mine with owner Cupric Canyon Capital over the next five years by providing infrastructure, diamond drilling and mine production. Read more…

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