May 26, 2016 Articles | Featured | State of the Market
Plans are being developed to create a processing hub to facilitate Western Australia’s growing portfolio of lithium projects. Lithium Australia (LIT) has developed a long-term strategy for the establishment of a lithium processing hub in Port Hedland. The company has entered into a joint venture partnership with Venus Metals Corporation to undertake the study. Port Read the full article…
Dec 24, 2015 Articles | Government & Policy | State of the Market
Western Australian Premier, Collin Barnett’s decision to agree to extend the life of Kurra Village (BHP’s camp for its FIFO workers at the Mount Whaleback iron ore mine) has caused a lot of controversy in the local Newman community. The push is to utilise empty accommodation units in town that could be used for residential employees, that Read the full article…
Dec 15, 2015 Articles | State of the Market
Rio Tinto did not make a song and dance when it started mining at its Silvergrass project in Australia’s Pilbara in August. After getting flak from politicians and competitors alike about its aggressive expansion strategy, the Melbourne-based giant probably thought it prudent not to. At the moment Silvergrass’s high grade ore is being shipped Read the full article…
Sep 15, 2015 Articles | Featured | State of the Market
Mining company stays confident in China’s steel market, despite country’s slowdown SYDNEY— Rio Tinto PLC told investors it expects world-wide demand for iron ore to keep growing despite China’s economic slowdown, as the company projected a rising appetite for steel in coming years. On Thursday, Rio Tinto forecast 2.5% average annual growth in global steel Read the full article…
Sep 9, 2015 Articles | Featured | State of the Market
Hundreds of construction workers who voted in favour of walking off the job at Chevron’s Gorgon LNG project have cancelled the industrial action after negotiations with the lead contractor. The WA branches of the Australian Manufacturing Workers Union and Construction, Forestry, Mining and Energy Union held the vote after months of negotiations with CB&I failed Read the full article…
Aug 11, 2015 Articles | Featured | State of the Market
Rio posted record first half production and sales of 146.3 million tonnes and 146.5 million tonnes respectively from its Pilbara iron ore business. This is an increase of ten per cent on last year’s results. The company said production increased despite unseasonal weather in the Pilbara throughout the first half, including Tropical Cyclones Olwyn Read the full article…
Jul 9, 2015 Articles | Featured | Government & Policy | State of the Market
Australia’s iron ore industry will contribute more to the nation in the next decade than it did through the mining boom, and history shows that any market intervention would be “ineffective at best and counter-productive at worst”, a new report says. Australian producers’ race to increase capacity has set them up to generate $600 billion Read the full article…
Mar 11, 2015 Featured | State of the Market
Global iron ore supplies are set to expand further as the world’s biggest producers press on with capacity expansions, raising shipments of the steel-making raw material into a market facing a record surplus and sinking prices. Net supplies will increase about 60 million to 75 million metric tons in 2015, in line with a 75 Read the full article…
Feb 18, 2015 Articles | Featured | State of the Market
Steel production in China will expand through to 2030, according to Rio Tinto Group, which forecast the increase after Morgan Stanley predicted that output in the largest supplier will peak this year and then contract. China’s crude-steel output will increase from 823 million metric tons last year to about 1 billion tons by 2030, Alan Read the full article…
Feb 18, 2015 Articles | Featured | State of the Market
Iron ore exports at Port Hedland have increased by 30 per cent on this time last year as the big miners ramp up production. Iron ore exports through Australia’s largest bulk commodity port totalled 36.7 million tonnes in January, up 30 per cent or 8.5 million tonnes, on the same month in 2014, figures from Read the full article…
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