BHP commits $2.5bn to extend life of Spence copper mine in Chile

Having trouble viewing this email?  View online Australia News Digest Friday 18 August 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America BHP commits $2.5bn to extend life of Spence copper mine in Chile Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014. read » Gold rush in Nicaragua — production doubles in little over 10 years Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006. read » US researchers find unexpected new source of much-needed lithium Lithium needed for rechargeable batteries used in high tech devices and electric cars might soon be extracted from calderas surrounding dormant supervolcanoes. read » Seabed mining approved in New Zealand despite environmentalists' concerns Trans-Tasman is now allowed to recover resources from the country's Exclusive Economic Zone read » Cooking oil could help clean up mercury at mining sites, researchers say Researchers worked out a way for a canola oil polymer to trap mercury metal, mercury vapour and organo-mercury compounds read » Glencore secures leases for Wandoan coal project, environmentalists react The Anglo–Swiss multinational secured the first mining leases for its $7 billion Wandoan coal project in Queensland's Surat Basin read » AbraPlata hires Canadians and Australians to undertake PEA at Diablillos The junior miner wants Toronto's Roscoe Postle Associates and Perth's GR Engineering Services to undertake a Preliminary Economic Assessment of its Diablillos silver-gold project read » Iron ore soars at $76 a tonne The steelmaking raw material hit its highest level since April driven by the demand of China's steel industry read » Mining industry can now predict opposition to projects before it's too late Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition. read » South Africa's Gold Fields sells Darlot mine in Australia for $15 million The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine. read » Yancoal seeks $2.5bn from investors to pay for Rio's Aussie coal mines Former rival bidder Glencore will subscribe to $300 million worth of the rights offer. read » Rio Tinto's first-half profit soars 93%, investors getting $3bn back The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks. read » Caterpillar in search of new CFO as Halverson to retire next year Brad Halverson has spent nearly three decades with the mining and construction equipment maker. read » Upbeat China data sends iron ore soaring, climbs the most in 8 months Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016. read » Glencore acquires half of former Rio coal mine in Australia The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto's former coal assets in Australia's Hunter Valley read » Australian Mines creates COO role to advance cobalt-scandium-nickel projects The move is aimed at advancing the Sconi cobalt-nickel-scandium project in Queensland read » Rio Tinto unveils its largest red diamond The Argyle Everglow is a 2.11 carat polished radiant cut diamond read » Religious leaders occupy Australia's environment minister's office to protest Adani's coal mine A rabbi, a Uniting church reverend, a former Catholic priest and a Buddhist leader occupied Australia's environment minister's office read » First Quantum to shutter Australia nickel mine in September First Quantum Minerals Ltd said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia at the beginning of next month due to persistently weak nickel prices, sending its shares lower. read » BHP turns to electric car batteries to recharge its nickel business The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business. read » Lithium processors prepare to meet demand in era of electric car Producers of processed lithium – an essential element for batteries used in electric cars – are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. read » Mining in Australia is looking better There are several encouraging signs for the mining outlook in Australia. read » BHP presses for cheaper power ahead of Olympic Dam mine expansion BHP Billiton is looking for ways to shore up power supply and bring down power costs at its Olympic Dam copper mine in Australia, as it plans to expand following a string of electrical outages, the mine's head said on Friday. read » Read more Australia news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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