Global deals in the metals and mining industry have amounted to $US3.68 billion ($5.36 billion) in July 2019, according to GlobalData.
Australia’s mid-tier mining sector is observed to charge ahead due to a surging and cautious demand for advanced technologies in 2018.
WorleyParsons is set to acquire Jacobs Engineering Group’s energy, chemicals and resources (ECR) division for $US3.3 billion ($4.65 billion).
Rio Tinto, through research by Boston’s Massachusetts Institute of Technology (MIT), has detailed the metals that are expected to be the most impacted by new technology in the future.
Analysts say there is “little light on the horizon” for the current commodities downturn for several years due to increasing imbalances between physical supply and demand.
US Congress has passed historic legislation that recognises the right for citizens to own asteroid resources they obtain as property and encourages the commercial exploration of resources from asteroids
BHP Billiton has confirmed there will be job cuts at Worsley Alumina following the end of a four-year efficiency and expansion project.
The head of junior miner Brockman Mining has been charged with corruption in Hong Kong after being under investigation since October 2011.
Mining magnate Nathan Tinkler’s Aston Metals, a base metals company, has gone into receivership with a Hong Kong-based trustee company.
Iron-ore mogul Andrew “Twiggy” Forrest is fighting attempts to mine his personal cattle station in Western Australia’s Pilbara.