Australia’s mid-tier mining sector has experienced a mixed year for commodity prices, but has still reached its highest total market cap since the boom times of 2011.
Chinese-backed MMG has blamed the US-China trade dispute for a fall in base metal prices during the June quarter that affected the company’s results.
MMG has posted a 61 per cent drop in profits in 2018, citing the impact of ongoing “trade friction” between the United States and China.
A flooded rail track that has significantly impacted mineral shipments from major miners such as Glencore could be repaired ahead of schedule, according to railway operator Queensland Rail.
Aveva explains why the company is at the forefront of the digital transformation in mining.
World Mental Health Day has seen the successful roll out of a ‘gamified microlearning’ program for miners to combat stigma around mental health.
MMG’s revenue increased by $US149 million ($203 million) in the first half of 2018 due to the Dugald River mine’s first commercial production in Queensland.
New Century Resources has started flotation and production of zinc concentrate at the Century mine processing plant in Queensland.
New Century Resources managing director Patrick Walta jokes that he struggled to get a gig presenting at any of Australia’s mining events a year ago.
Organisers of the International Mining and Resources Conference (IMARC) have revealed the first set of confirmed speakers for the 2018 event.
MMG’s Dugald River zinc mine in Queensland has achieved commercial production. The Chinese controlled, ASX-listed company reported this week that commercial production started on May 1.
MMG’s Dugald River zinc project in Queensland is on track to be producing by the end of 2017 significantly under budget.
MMG managing director Jerry Jiao has expressed plans for the Chinese miner’s expansion and desire for new investments.
ASX-listed MMG has reported a mine death at its Las Bambas copper operation.
MMG is on track to be producing at the Dugald River zinc operation in Queensland ahead of schedule as it aims to capitalise on a tightening market for the mineral.
Innovative mining solutions provider Micromine has implemented its underground fleet management and mine control solution, Pitram, at MMG’s Dugald River mine, in north-west Queensland.
Mining in Tasmania continues to bounce back from the global downturn in commodity prices.
MMG has completed the sale of its Avebury nickel mine to Tasmanian based Dundas Mining for $25 million.
The Tasmanian mining industry is investigating ways that will increase its competitiveness in a global marketplace on the rebound.
Consolidation in Australian mining has been subdued in recent years, but market conditions may have now reached a point where a revival in mergers and acquisitions (M&A) activity is set to emerge.