Glencore overshadowed in cobalt market as Chinese rival booms
China’s CMOC Group has strengthened its status as the world’s cobalt king.
Energy giant Shell is looking to introduce liquefied natural gas fuel (LNG) mining truck at Australian mines as part of a push to increase natural gas use beyond the export of LNG.
According to The Australian, both BHP Billiton and Rio Tinto are looking to implement the technology at their West Australian operations as a way to offset high energy costs.
Testing of this technology is also underway in Canada.
The article says that Exxon Mobil and BHP Billiton are planning to build the world’s largest floating liquefied natural gas processing and export plant off the northwestern shore of Australia, despite growing concerns about the cost competitiveness of the country’s LNG projects.
Australia currently has $190 billion worth of LNG projects under way and is on track to replace Qatar as the world’s largest LNG exporter by the end of the decade.
