Australia’s coal export values have hit a new peak of $56.5 billion in 2017, according to the latest trade data from the Australian Bureau of Statistics (ABS).
Global gold mine production finished 2017 fractionally higher than the previous year, according to the World Gold Council (WGC).
Following positive reception to a $12 million capital raising venture announced on January 30, Hastings Technology Metals is to restructure its raising from a shareholder purchase plan to a non-renounceable 1-in-17 rights issue.
Australian liquefied natural gas (LNG) exports hit 56.8 million tonnes (Mt) in 2017, jumping 26.3 per cent from 44.9Mt in the previous year.
Iron ore and coking coal prices have jumped to a three-month high, resulting in a strong finish to the year. Iron ore prices have averaged at $70.60 over the year compared to $56.50 in 2016.
Fortescue Metals Group has christened its new ore carrier ‘FMG Matilda’ at a celebratory event in Guangzhou, China.
Rio Tinto has formed a mineral exploration collaborative partnership with China’s Minmetals.
Businessman Clive Palmer has described his victory in the long-running royalties battle against Chinese state-owned government enterprise Citic Pacific in the Pilbara as a “win for all Australians”.
Montezuma Mining has released a report highlighting what it calls a ‘tech metal supercycle’, the material supply of manganese for electric vehicles (EVs).
MMG managing director Jerry Jiao has expressed plans for the Chinese miner’s expansion and desire for new investments.
Port Hedland, the world’s largest bulk mineral port, has reported an increase of 2 tonnes in iron ore shipments to China from August to September, representing a rise of 2.8 per cent, according to a port data report.
The Australian Government’s Department of Industry, Innovation and Science remains steadfast in its forecast that the iron ore price will average below $US50 a tonne in 2019.
Anglo-Australian tungsten producer Wolf Minerals has seen an 18 per cent rise in pre-tax losses for its Drakelands Mine in County Devon, England.
Iron ore fell another 4.1 per cent in value overnight to drop to its lowest mark since late July.
Copper prices have rebounded following an advantageous sell-off last Friday that saw copper fall 3 per cent and zinc 3.1 per cent respectively on the London Metal Exchange.
WesTrac’s Chinese division will be sold to Lei Shing Hong Machinery for $540 million after parent company, Seven Group (SGH), secured a deal with the buyer.
Fortescue Metals Group chief executive Nev Power expects the volatility in the iron ore market to settle over the next six to 12 months.
The doom-and-gloom surrounding the future of the price for iron ore remains on the back burner after its value spiked more than 7 per cent over night.
Australia’s liquefied natural gas (LNG) exports are forecast to grow 22.6 per cent in the 2018 financial year.
The New South Wales Government will scale back the exploration licence previously granted to China’s Shenhua Watermark Coal to protect agriculture in the Liverpool Plains.