Federal Government statistics have been released showing that Australia has the world’s largest identified resources in nine major mineral commodities.
Base Resources has announced capital raising of $100 million to acquire an 85 per cent interest in the Madagascan Toliara Sands project from World Titane.
Mineral sands miner Iluka Resources has approved development of its Cataby project in Western Australia after securing offtake agreements for majority of its synthetic rutile production.
Sheffield Resources has secured its second offtake agreement for zircon from the Thunderbird mineral sands project in Western Australia.
Sheffield Resources has secured an agreement with Indian ceramics company Ruby Ceramics for the sale of premium zircon from its Thunderbird mineral sands project in Western Australia.
Iluka Resources will restart mining at the Jacinth-Ambrosia zircon mine in South Australia in December, reflecting a lift in market conditions and boosting employment in the region.
WA environment minister Albert Jacob has approved the development of Diatreme Resources’ Cyclone zircon project in the state’s Eucla Basin.
Iluka Resources is set to mothball the Jacinth-Ambrosia mine in South Australia, with 33 jobs to be cut.
The Keysbrook project will soon commence continuous mining operations, producing zircon and leucoxene mineral sands products.
A Queensland based mineral sands explorer has upgraded results for a major resource in Western Australia.
Iluka is cutting jobs at its Eneabba mine after it suffered a slide in revenues.
Rio Tinto has doubled its holding in Richards Bay Minerals after buying BHP’s share for US$ 1.91 billion.
Australian miners say a rise in China and India’s middle class and demand for porcelain toilets will fuel a turnaround in zircon mining.