Mineral exploration statistics for the June 2022 quarter, released by the Australian Bureau of Statistics (ABS), have shown an increase in exploration across Australia.
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Rare earths demand pushes Lynas profits up 244 per cent
It’s a great time to be a rare earths producer. Riding the back of a resurgent market for the commodities, Lynas Rare Earths has announced record result for 2022, with the company receiving $920 million
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South32 rides high commodity prices to record profits
Newcrest soldiers on as growth projects advance
Newcrest Mining has reported a slide in full-year profit and halved its dividend from a year ago, hit by rising costs and lower output at its Lihir (PNG) and Cadia (New South Wales) mines.
The country’s biggest gold miner said underlying profit came in at $872 million for the year, and declared a final dividend of 20 cents per share, half that paid a year earlier.
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BHP racks up record $34b profit in FY22
BHP has announced massive numbers in its report for the 2022 financial year, including a record $US36 billion ($51.2 billion) in total announced returns to shareholders.
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UK firm to build lithium sulphate plant in WA
UK-based Alkemy Capital Investments will build a lithium sulphate (LSM) plant at Port Hedland in Western Australia, to feed the Tees Valley Lithium lithium hydroxide (LHM) plant at the Wilton International Chemicals Park, Teesside, UK.
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OZ knocks back BHP takeover advances
OZ Minerals has rejected a takeover bid from BHP Group for $25 per share in cash via scheme of arrangement.
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Coal, alumina, copper boost record resources revenue
For a sixth consecutive financial year, Australia’s resources have set a new export revenue record with $413 billion in FY22, up an extraordinary 37 per cent from the previous period.
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$500 million expansion for Lynas’ Mt Weld operations
Lynas Rare Earths has announced a $500 million project to expand capacity at the Mt Weld mine and concentration plant in Western Australia to meet accelerating market demand for rare earth materials.
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First SOP produced for domestic market
Kalium Lakes has commenced deliveries of Sulphate of Potash (SOP) from the Beyondie SOP Mine to local Western Australian fertiliser manufacturer and distributor CSBP Fertilisers.
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AspenTech acquires Micromine for $900 million
AspenTech, a global leader in industrial software, has entered into a definitive agreement to acquire Australian mining software developer Micromine.
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Fortescue hits new peak for iron ore shipments
Fortescue Metals Group has registered record iron ore shipments of 49.5 million tonnes for the July quarter, boosting FY22 shipments to 189mt, exceeding the top end of guidance.
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Second highest ever dividend for Rio Tinto
Rio Tinto has declared its second highest ever interim dividend, of 267 US cents per share, after delivering an underlying EBITDA of $US15.6 billion.
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Thiess poised to take over MACA
The directors of MACA have recommended shareholders accept a conditional off-market takeover bid worth $350 million from mining services contractor Thiess.
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Record Worsley Alumina production in solid South32 year
South32’s Worsley Alumina in Western Australia achieved record annual production in FY22, as total group copper equivalent production fell just short of current guidance.
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Sun shines on BHP’s nickel operations
The first solar panels have started being installed this week at BHP’s massive solar farm at the Leinster Nickel Operation in the Northern Goldfields region of Western Australia.
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BHP inks deal with Ford for nickel supply
BHP has entered into a memorandum of understanding for nickel supply with leading automaker Ford Motor Company.
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Record exports from Pilbara Ports
Pilbara Ports Authority (PPA) has once again broken its annual throughput record, achieving a total throughput of 733.1 million tonnes in the 2021-22 financial year.
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Employer group warns of looming resources worker shortage
Australia’s resources and energy industry will conservatively require an additional 24,000 workers by the end of 2027, according to new modelling released by the Australian Resources and Energy Employer Association.
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Wiluna Mining calls in administrators
Wiluna Mining Corporation has gone into insolvency, appointing FTI Consulting as voluntary administrators.
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