Iron ore and steel futures in China edged lower on Friday as investors locked in gains after a six-day rally anchored on firm demand and Beijing’s bid to address a steel glut.
But prices of both commodities came off session lows, suggesting the bullish market sentiment was largely intact. >> Read More Here
The world’s first project to mine the seabed for minerals is expected to begin operations in Papua New Guinea in early 2019.
Nautilus Minerals is the Canadian company in charge of the Solwara 1 project, which will see copper and gold deposits mined from the seafloor at a depth of 1,600 metres, 30 kilometres off PNG’s New Ireland Province in the Bismarck Sea.
A few months ago, Nautilus reported funding issues for Solwara 1. Continue reading
ADANI could pave the way for billions of dollars of development and thousands of more jobs in Central and North Queensland including the start-up of several mega-mines, according to Mines and State Development Minister Anthony Lynham.
13 December 2016
Project List: State: VIC Type: Rail
Project Manager: Evan Tattersall (CEO) Paul Dixon (Engineering)
Project Owner: Melbourne Metro Rail Authority (MMRA) – Victorian Government
Budget: $10.9 Billion
Phase: Approved, currently in early planning stage
Jobs Created: 4700
Timeframe: To begin construction 2017, expected to be complete 2026
How to Apply: http://au.indeed.com/jobs?q=Tunnel&l=Melbourne+VIC&start=10
As 2017 draws to a close, many of us have learned to capitalize on a year that continues to offer emerging opportunities in our career, and in our skills development.
Within the last 5 weeks, I have noticed a marked shift in the expectation of what is ahead for career opportunities in the mining and construction industry – and from the networks of HR managers, brand recruiters, and market intermediaries ( investors and fund managers ), the mining industry is going to experience an increase in work and career opportunities for the operational staff.
“Mining and construction in 2017 will offer staff career opportunities in leadership.” Continue reading
Soaring coal prices will stay strong through the Australian summer according to Whitehaven Coal chief executive Paul Flynn, who believes China’s recent supply cuts have signalled a long-term floor in the commodity price.
Speaking after coking coal prices rose by 7 per cent on Tuesday to continue their extraordinary rally, Mr Flynn said the crucial quarterly contract prices for coal would be higher in the first quarter of 2017 than the bumper prices set for the current quarter. Continue reading
During Tuesday’s sitting, legislation to ban 100% fly-in-fly-out (FIFO) mine workforces will be introduced into Queensland’s hung parliament. Continue reading
Subject to strict conditions, a proposal to extend Peabody’s Wilpinjong coal mine has been found in a preliminary assessment that the project is approvable. Continue reading
Glencore acquired the underground mine, which was formerly known as Glennies Creek, last year from Vale. The Bloomfield Group separately acquired the open cut mine, wash plant and rail loop.
The Integra underground mine has been on care and maintenance since July 2014 and Glencore has continued to assess options for a restart against global coal market conditions, Glencore Australian coal operations head Ian Cribb said.
“The Integra mine has one longwall block already formed, providing an opportunity to begin mining with minimal delays or additional investment,” he said.
“Over the next two years, we also plan to complete and extract coal from a second longwall block that has already been partially developed at the mine.”
Glencore expects to produce 1.3 million tonnes of high fluidity saleable coking coal at Integra in 2017 to meet a specific need identified in the metallurgical coal market.
With a number of Glencore’s thermal coal mines having recently closed or reaching the end of their scheduled mine life, production at Integra is not expected to increase the company’s overall coal sales from Australia.
“Glencore will manage the mine and we are working towards an early 2017 restart,” Cribb said.
The news comes around three weeks after Glencore said it would restart its Collinsville mine in Queensland amid improvements in the coal market.
IN THIS morning’s News Wrap: Mining giants including BHP, Rio, set for $US18B coal boost; Mt Kellett seeks equity stake in rare earths miner Lynas; and glimmers of hope in mining services sector. Continue reading