IBM is ramping up its provision of services and equipment to the Australian resources sector as rising costs compel miners to seek to cheaper and more efficient operating methods.
Australia faces the parlous challenge of juggling trade relations with the three key East Asian economies, all of whom covet free trade agreements with the antipodean continent in order to shore up their access to resources.
Miner giant Rio Tinto (LON:RIO) launched Thursday its “Specials” tender, which showcases the finest large rough diamonds from a year’s production from its three operating diamond mines.
Rio Tinto (NYSE:RIO) has plans in motion to install the world's largest underground automated mining system at its Argyle diamond mine in Western Australia.
Australia and Mongolia are set to expand ties in the mining and resources sector following calls by politicians from both nations for cooperation to be strengthened.
While some miners have ventured in the coffee growing business, others such as mining giant Rio Tinto (LON:RIO) are getting ready to start producing hay.
In a move that caught more than one investor by surprise, Australia’s Reserve Bank (RBA) announced Tuesday it was cutting its interest rate, prompted by worries of a sluggish mining industry, falling commodity prices and concerns over China.