Australia coal mine expansions threaten more methane, study says Emissions from Queensland coal and gas production could reach 26.6 million metric tons of carbon dioxide equivalent a year by 2030, study shows. Bloomberg News | September 6, 2023 | 10:28 am
Prefeasibility for FPX Nickel’s Baptiste project puts NPV over $2 billion The company intends to develop a high-margin, long-life, large-scale and low-carbon mine. It will produce a 60% nickel concentrate for direct feed into the stainless steel industry. Staff Writer | September 6, 2023 | 10:15 am
Ivanhoe Electric’s assessment for Santa Cruz project details new source of ‘green’ copper in US The study estimates an after-tax net present value of $1.3 billion with an after-tax internal rate of return of 23%. Staff Writer | September 6, 2023 | 9:52 am
Pacific alliance adopts moratorium on deep sea mining The decision is a blow to the Solwara 1 project in Papua New Guinea, once poised to be one of the world's first deep sea mining projects. Staff Writer | September 6, 2023 | 9:45 am
Australia’s Resource Minister says tax breaks for lithium are ‘on the table’ “Australia can be more than a ‘dig and ship’ nation,” Tesla chair Robyn Denholm told a conference in Canberra. Staff Writer | September 6, 2023 | 9:13 am
South African mines to get a faster route to Mozambique port The Logistics Co. plans to open a trucks-only crossing at Komatipoort, just north of South Africa’s main Lebombo entry point into Mozambique. Bloomberg News | September 6, 2023 | 8:27 am
Fortescue says executive exodus reflects green shift Since reaching a year-high peak in July, Fortescue’s shares have fallen more than 15% in Sydney. Bloomberg News | September 6, 2023 | 8:21 am
Vale says China property outlook is more encouraging Iron ore prices have proved surprisingly resilient in recent months in the face of a crisis in China’s vital property market. Bloomberg News | September 6, 2023 | 8:15 am
Platinum market faces record deficit, WPIC says Demand for platinum is on track to grow 27% to 8.2 million troy ounces in 2023. Reuters | September 6, 2023 | 7:43 am