Mining mergers and acquisitions rose by $US25 billion during the first quarter of 2018, up 86 per cent year-over-year (YoY), according to a new report from EY.
Replacing diesel with renewable energy on remote mine sites is an increasing goal in Australia but one that can’t be achieved without the reliability of energy storage solutions.
South32 has extended Energy Developments’ electricity supply contract at the Cannington silver-lead-zinc mine in North Queensland by 14 years to 2032.
South32 plans to use solar energy to power key infrastructure at its Cannington lead-silver operation in Queensland.
A report from global advisory organisation BDO Australia has predicted a number of future trends in the mining industry, including the prediction that 50 per cent of miners will be replaced by robots by 2020.
Engineering and infrastructure firm RCR Tomlinson has announced that it has extended is bank guarantee from $195 million to $295 million and has received approval for insurance bonding facility increases of $50 million, for a total of $150 million in increased funding.
Miners could drive down energy costs by up to 50 per cent through the implementation of effective energy management programs, according to a Deloitte paper.
BHP has partnered with US firm Rocky Mountain Institute on the Sunshine for Mines program, focused on redevelopment of disused mining sites.
BHP wants to add more copper resources to its global portfolio to capitalise on an expectation that there will be an upsurge in demand in the coming years.
The expansion announcement follows on from stage 1 construction, which commenced in October 2016 at a cost of $400 million. Stage 2 construction is expected to be complete by late 2019.
A new roadmap published by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has identified several growth areas to aid the expansion of the Australian oil and gas industry, which is currently challenged by low-cost overseas competition and attempts to reduce carbon intensity within the local energy sector.
More mines in Australia are introducing renewable energy to their operations. Kate Dougherty explains the benefits and obstacles of renewables projects for the mining industry.
Advanced Energy Resources (AER) has signed a long term power purchase agreement with GMA Garnet, which will see the construction of a three megawatt wind and solar farm in Western Australia.
The CSIRO has launched the new Centre for Hybrid Energy Systems, a collaborative facility to research renewable and hybrid energy technologies.
The Queensland Resources Council (QRC) has launched a campaign to highlight the resource sector’s vital role in renewable energy.
Caterpillar has released the Cat Microgrid technology, a suite of power systems that combine renewable energy sources with traditional power outlets.
Charity group Oxfam Australia has taken aim at the coal industry in a new report which suggests renewable energy is quicker and cheaper for bringing energy to the developing world than coal-fired power.
Despite the falling cost of energy, new leaps forward in sustainability for miners are still being made.
The South Australian outback mining town of Coober Pedy will be run on 70 per cent renewable energy, thanks to a project grant from ARENA.
Australia’s ambitious goal for increased renewable energy is ignoring the difficulty of ensuring baseload power 24 hours a day.