Rio’s ‘world’s largest robot’ delivers first iron ore load

Having trouble viewing this email?  View online Australia News Digest Friday 20 July 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Rio Tinto's 'world's largest robot' delivers first iron ore load The autonomous train, consisting of three locomotives and carrying around 28,000 tonnes of iron ore, travelled from Tom Price mine to the port of Cape Lambert read » Miners wrote off almost one-third of investments over last decade From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. read » Australia's Northern Minerals makes first rare earth from pilot plant Company aims to be the first significant world producer outside of China of dysprosium, used by electric vehicle makers in the manufacturing of engine magnets. read » Rio Tinto to sell its largest pink diamond The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender. read » Experts come up with plan for protecting deep-sea life from mining An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects. read » Resolute extends life of Queensland gold mine by three years Ravenswood mine is now expected to end operations in 2031, with an average production of about 115,000 ounces of gold per year. read » Huge diamonds keep coming out of Lucapa's Lulo mine in Angola This time is a 114-carat white stone. read » Lithium becomes Chile's No. 4 mining export Shipments of the key ingredient for making batteries that power electric cars and high tech devices climbed 47% in 2017 to $684.2 million. read » BHP secures iron mining rights in Australia's Pilbara for another century Western Australia's Environmental Protection Authority has green-lighted a 50 to 100-year blueprint for the miner's operations in the Pilbara. read » Tiger Resources' $260M Congo asset sale to Chinese firm collapses Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks. read » Private equity firm to deploy $550 million into mining sector Targeting close or ready for production. read » Finds at Lucapa's Lulo project jump on record mined diamonds Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter. read » Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany London-based sales and marketing staff to relocate to Frankfurt beginning September. read » Nautilus Minerals tanks on shipbuilding contract cancellation Fresh setback for the company's Solwara 1 project, expected to be the world's first seabed gold, copper, silver mine. read » Former Rio Tinto exec jailed for corruption in China let free The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage. read » Indonesia extends Freeport operating permit for Grasberg Discussions over long-term rights should wrap up at the end of July. read » Australia govt sees more iron ore price pain Top iron ore exporter forecasts a return to the $50s as Chinese imports starts annual decline after decades of growth. read » Lucapa digs up another large diamond, this time in Lesotho Australia's Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program. read » China's No.1 maker of battery cells for EVs to build plant in Germany A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry. read » BHP adds electric vehicles to its light truck fleet BHP Billiton will add two electric vehicles to its 240 fleet of trucks at its Olympic Dam mine in South Australia. The vehicles are being tested looking at various performance measures, such as the vehicles' […] read » OZ Minerals to complete Brazil-focused Avanco takeover OZ Minerals has announced that it has a relevant interest in Avanco of more than 90%, which means the company will now "compulsorily acquire" all of the remaining shares and acquire the fellow copper producer entirely. read » Hawkstone Mining's lithium buy back on Company decided to revise the terms of its planned 100% takeover of USA Lithium, which owns two projects in the US. read » Lithium demand from battery makers to almost double by 2027 Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill. read » Class action to be launched over casuals in Australia's coal mining BHP says it has not received any formal communication regarding the legal actions. read » Asanko, Gold Fields $185 million-venture in Ghana gets the green light Miners area are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region. read » BHP posts record annual iron ore output, beats Q4 forecasts Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity. read » World's biggest miners want more copper but nobody's selling Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile. read » Rio Tinto posts jump in iron ore output, flags stronger 2018 Rio said it expected iron ore shipments for the year to be at the upper end of its range of 330 million to 340 million tonnes, thanks to productivity improvements and fewer weather-related disruptions compared to Q2 2017. read » Top-grade iron ore may spike to $100 High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity. read » Australia's Mineral Deposits recommends takeover offer as Eramet builds up stake Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company. read » BP is front-runner to buy BHP's US shale unit The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package. read » Canada's Barrick, China's Shandong Gold to deepen ties, look at acquisitions Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms. read » Australia's Yancoal halts Austar mine amid safety dispute Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company. read » Bankers have gone AWOL in the race to build more lithium mines Despite bullish forecasts for global demand, lithium may have a funding problem. read » Rio Tinto ready to splash out on copper The world's No.2 mining company needs copper to reduce its reliance on iron ore. read » RST steps up services with solutions for mine operations from plant to port. RST goes out into the field to identify the unique challenges faced by a mine's plant to port operations, then selects products from a broad range of solutions to provide the most cost-effective and efficient plan to obtain the highest level of operational optimisation for the mine site. read » Tantalum miner threatens expansion at Australia's biggest lithium mine Trial dates have been set to determine whether expansion at the Greenbushes mine, in which Tianqi Lithium holds a stake, would impact its mineral rights. read » Australia's Fortescue Metals appeals to regulator on Rinehart-Atlas Iron bid NCZ Investments Pty, a Fortescue unit, seeks interim orders to restrain Gina Rinehart controlled-Redstone Corp Pty from dispatching its bidder's statement. 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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