Newcrest posts sequential fall in output on mine shutdowns
Company posted a 1.2% fall in third-quarter gold output, hit by lower production at its Lihir mine in Papua New Guinea and a slow recovery at its flagship Cadia mine.
Australian iron ore producer is only stock on the nation’s blue-chip resources index to hand investors a loss in 2017, tumbling from its previous top status.
Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia’s Pilbara iron-ore region, part of a cost-cutting program across its operations.
Newcastle, the world’s largest coal export port, must “urgently” diversify its traffic, the port’s incoming chairman has said, warning that the “long-term outlook for coal is a threat to the port”.
Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.
The Indian Captive Power Producers Association denounced that most of its member companies are getting half of the coal they need from state-owned Coal India.
Representatives for the Wangan and Jagalingou People said they were forced to sign an Indigenous Land Use Agreement at the Native Title Tribunal for Adani’s Carmichael mine.
The permits issued by Minas Gerais state, where the mine is located, allow for the construction of a waste system in a depleted mine to receive tailings.