Australia sees iron ore price dipping below $50 a tonne by 2019

Having trouble viewing this email?  View online Australia News Digest Friday 20 October 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Australia sees iron ore price dipping below $50 a tonne by 2019 The world's top iron ore exporter said companies have benefited from a recent price rally, and thus may have continued producing at full tilt. The resultant oversupply may bring on exaggerated price weakness. read » Vale's iron ore output hits another record Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes. read » BHP's copper production up sharply, iron ore down Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%. read » Copper price: Rio slashes production guidance Delayed ramp-up at Escondida, mine sequencing at Kennecott. read » Aussie copper explorer vaults 33% after selling key project Investors in Queensland Mining (ASX:QMN) got an unexpected surprise Monday morning after the company announced Friday it was selling its White Range copper, gold and cobalt project. read » Zinc price spike sparks flurry of miner listings The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity." read » Mitsui to build desalination plant for BHP's Spence copper mine in Chile The project will be the Japanese company's first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen). read » Iron ore dangerously close to $60 a tonne Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices. read » New program in Queensland aims to attract 3,000 new mining jobs The Queensland Government is getting behind a pilot program that, together with an industry group, is hoping to bring thousands of mining equipment and services positions to the Bowen Basin within the next decade. read » Australians protest Carmichael coal mine in 'national day of action' Australians opposed to the Adani Group's Carmichael coal mine in the Galilee Basin of Queensland expressed their displeasure at the project on Saturday. read » Barrick to pay $20 million to settle Pascua-Lama arbitration case Arbitration case against the company was filed last year after the miner halted payments due to a local group. read » Rio Tinto back on track to haul iron ore in driverless trains in 2018 Staff sitting hundreds of km away oversaw successful pilot run. read » Novo Lítio to start drilling at Sweden's Spodumenberget site Mapping of the area has shown presence of pegmatite outcrops over a strike length of 340m, up to 100m wide, with surrounding areas masked by glacial cover. read » More opposition to Berkeley's uranium mine in Spain Nuclear energy experts from a variety of countries expressed their support to the protest actions carried out by Stop Uranio against Berkeley Minera España read » China to revoke over 1,000 iron ore mining licences amid pollution crackdown Figure represents about a third of the country's iron ore mines currently in operations. read » BHP says 2017 a 'tipping point' for electric cars Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil. read » New Talisman Gold buys 80% of New Zealand's Rahu Project The New Zealand-listed company acquired 100 per cent of Newcrest NZ Exploration, a Newcrest Mining subsidiary read » Australian Mining Companies Are Unlocking the People Puzzle in Africa Download the full 'Mini-Report: The People Puzzle – Mining Talent for Mining Companies' read » Prairie Mining says near deal with Chinese banks to fund Polish mine Upfront capital costs for the development of the Jan Karski mine totals $630 million with Chinese lenders expected to financing 85 percent of it. read » Rio Tinto's $2 billion coal assets attract investor consortium: sources Sale is part of Rio's planned exit from Australian coal to focus on iron ore, copper and aluminum. read » Thor Mining upbeat on Nevada tungsten project after price rally Pilot Mountain tungsten project said to be "quite a monster," with five-to-ten years life as a low-cost open pit and 15-year underground life after that. read » Iconic Australian jeweller showcases $100 million collection of coloured diamond jewellery The largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere is being showcased across Australia by iconic Australian jeweller Linneys. read » Spotlight turns to dated mining executive incentive schemes as early annual report insights emerge Mining companies must reassess traditional remuneration practices and adjust to a new business climate, early insights say. read » Elliott tours BHP investors in renewed push for radical shake-up – sources Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner. read » Australia state kills plan to hike gold mining tax over job fears Proposal sought to raise hundreds of million of dollars in additional taxes on gold mining, but industry warned the step would spark job losses. 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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