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Australia News Digest
Friday 16 March 2018
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Fifteen autonomous trucks will be introduced to West Angelas iron ore mine, in the Pilbara region.

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

The miner declared that its performance for fiscal 2018 will be affected by the breach of a tailings dam wall at its Cadia gold mine.

Newcrest Mining says experts on site have observed no environmental damage.

The market intelligence firm says global nickel ore production growth will continue to accelerate in 2018 as major producer countries see a recovery in production levels following subdued output in 2017.

Using a 3-D layer of polydimethylsiloxane (PDMS), or silicone, reduces dendrite growth, which makes batteries safer and longer-lasting.

The acquisition comprises the project's operating processing facility and 800 square kilometres of Prospective Gold tenure.

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump's plans for steel and aluminum tariffs will harm the global economy.

Lawyers acting for the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott say charges brought by the SEC are 'plainly wrong.'

Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.

Australia's corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

The proposed acquisition also includes an offer for Rio's 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Asia's No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world's most powerful batteries for electric vehicles.

The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

8,126 grams per meter!

Mitsui's investments in Chile's copper industry date back to the 1990s and it now has minority interests in a number of the country's leading mines.

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

The world's biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.

The relentless climb in China's port inventories of iron ore may not be as worrying to the market as they appear, more a reflection of a change in dynamics than anything else.

Company made a strategic decision in 2017 to exit coal and focus on growth in iron ore, copper and its aluminum division.

Global spending on the search for nonferrous metals rose to an estimated US$8.4 billion in 2017, compared with US$7.3 billion in 2016.

Production in 2017 rose by 3 tonnes from the year before to 301 tonnes, equal to about 9.7 million ounces and the highest since 1999.

The play by Vancouver-based MGX Minerals is part of a global scramble for the super-light metal used in smart phones and electric vehicles.

Peabody recently ordered a complete Cat longwall mining system for its North Goonyella Mine located in central Queensland, Australia. The Cat longwall system includes roof supports and a face conveyor for a 300-meter face, shearer and beam stage loader. The system features advanced longwall automation technology to enhance safety and production.

Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade.

The deal confirms the company's tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.

Copper 'might be the easiest asset to work with:' Lukas Lundin.

2017-2018 shipment volume and cost guidance was set last August in 9 million-10 million wet tonnes.

Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.

Potential buyers need to make a judgment that they will be able to increase the resources and reserves of any mine they buy.

If there is a trend at play here, it's that diversified miners are the ones most likely to exit coal.

Newcrest to invest $250 million to take stake in Lundin Gold.

This year's Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption.

Macquarie said it had been threatened with a class action lawsuit over the allegations, but no case had yet been filed.

Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office.

China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.

Fortescue Metals was hit by weak prices for its lower quality iron ore, and said it remains focused on cutting costs, including lining up cheaper debt.

BHP's first-half results missed analysts' expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April.

Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

1 Year Iron Ore Fines Price
6 Months Thermal Coal CAPP Price
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