An analyst has described last week as the most volatile in history for the iron ore price as it dropped almost $US29/tonne only to then regain more than $US18/tonne to maintain its bright outlook.
While gold mergers and acquisitions were the talk of the town last year, copper activity has been spiralling upwards in the background. Nickolas Zakharia writes.
Australian Pacific Coal (AQC) has received an offer from major shareholder Trepang Services to buy properties and water rights at the Dartbrook coal mine in New South Wales for $33.7 million.
Greatland Gold has opened the underground decline at the Havieron gold-copper project in Western Australia.
Two Australian companies are confident that copper prices will continue to set records, with the red metal reaching a new high of $US10,724.50 ($13,682) on the London Metal Exchange (LME) overnight
Pilbara Minerals plans to form a joint venture with tech company Calix to examine the development of a midstream lithium chemicals refinery at the Pilgangoora lithium-tantalum operation in Western Australia.
Copper has topped its record price after reaching $US10,361 ($13,200) per tonne on the London Metal Exchange (LME) last week.
Caterpillar has accomplished a milestone with three billion tonnes being hauled using its MineStar Command autonomous technology.
Strandline Resources has started construction of the $338 million Coburn mineral sands project in Western Australia.
Burgundy Diamond Mines has mapped out its development strategy for the recently acquired Ellendale diamond mine in Western Australia.
Copper has reached $US10,008 ($12,868) per tonne on the London Metal Exchange as the red metal inches closer to its highest price since 2011.
The Queensland Department of Environment and Science has knocked back Mineralogy’s proposed Central Queensland coal project near the Great Barrier Reef.
Global iron ore prices have reached their highest prices ever, rising to $US194.50 ($250.80) per tonne on April 28.
The New South Wales Government has given Glencore the green light to develop a new open cut mining area at the Mangoola open cut coal mine in the Hunter Valley.
The New South Wales Government has approved SIMEC Mining’s expansion plan for the Tahmoor coal mine which will see an 33 million tonnes mined over an additional 10-year mine life.
The New South Wales Government has paid China Shenhua Energy Company $100 million after withdrawing its mining lease application for the Shenhua Watermark coal project in the Gunnedah Basin.
AngloGold Ashanti has supported IGO’s decision to sell its 30 per cent interest in the Tropicana joint venture project in Western Australia to Regis Resources.
Stanwell Corporation chief executive officer Richard Van Breda has revealed that the company plans to cut off its coal-fired assets as it transitions to renewable energy to meet emissions targets.
Rio Tinto has experienced a tumultuous start to 2021, with cyclone warnings, Indigenous heritage site controversy and restricted labour availability impacting its operations.
Galaxy Resources and Orocobre are planning to merge, creating the fifth largest global lithium chemicals company with a $4 billion proposal.