Rio Tinto said it shipped its four billionth tonne of iron ore from the Pilbara in Western Australia to China after half a century of working together. The shipment was loaded at Dampier Port on 19 July, bound for China Baowu Steel Group – the world’s top steel producer. “China’s strong demand for high-quality minerals such as iron ore has…
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Global miner Fortescue said initiatives are being implemented to simplify its structure, remove duplication and deliver cost efficiencies, including the layoff of 700 people across its global operations. “The company must continually evolve to ensure it remains lean, is best positioned to deliver on its strategy and generate the maximum value for shareholders,” Fortescue said. In addition to the layoffs,…
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Rex Minerals has entered into a scheme implementation deed (SID) with its major shareholder MACH Metals Australia, under which MACH will acquire all of the shares it does not already own for cash consideration of A$0.47 per share. The offer price, which implies a fully diluted equity value of A$393 million, follows a competitive global partnering process, which focused on…
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Liontown Resources said it has executed a full-form offtake agreement with Beijing Sinomine International Trade Co. (BSIT) for the supply of spodumene concentrate from its flagship Kathleen Valley lithium project in Western Australia. “Securing a near-term offtake with an established lithium refiner to sell initial volumes over the ramp-up period, de-risks sales during our ramp-up of the plant towards nameplate…
Read MoreCobalt Blue Holdings has selected Tetra Tech for the engineering works of its cobalt-nickel refinery in the Kwinana Industrial Area of Western Australia. Financial details were not disclosed, nor was a timeline for work, but Coalt Blue said the scope of work will include detailed process plant design and construction participation in the projects. “We are excited to partner with…
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BHP said it will temporarily suspend its Western Australian nickel operations as it has not “been able to overcome the substantial economic challenges driven by a global oversupply of nickel.” The miner said the suspension will begin in October and last at least until February 2027. “We understand this is a challenging period for the Western Australia Nickel team and…
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Western Australian miner Mineral Resources (MinRes) has become the first resource company in the Australian state to send out a team of mental health counsellors to its mine sites. In a model it hopes will set the tone for others in WA, MinRes said the move will offer services to all of its employees, including the 7,500 it has working…
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Glencore has abandoned plans to sell its 70% interest in Kazakhstan-based miner Kazzinc after potential buyers failed to match its valuation, reported Bloomberg. Sources familiar with the situation told the media outlet that Glencore has sent a termination letter to the unnamed bidders. Headquartered in Oskemen, Kazzinc is Kazakhstan’s largest producer of zinc, lead and precious metals. The company has…
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India’s Ministry of Coal recently held a stakeholders’ consultation on draft mining plan guidelines for coal and lignite blocks on 1 July. The guidelines aim to foster a more sustainable and ethical approach to coal mining. Twenty-five coal and lignite mining companies participated in the event. Additional Secretary Shri M. Nagaraju highlighted the ministry’s dedication to enhancing the regulatory framework…
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Freeport Indonesia has completed the construction work on its new copper smelting plant – the world’s largest single-line smelter, it said – and has commenced commissioning of the Gresik, East Java facility. The Smelter Manyar project, with a price tag of about $3.7 billion (Rp 60 trillion), is targeting copper cathose production in the coming months as it ramps up…
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