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Mining powers a quarter of Queensland’s economy

Queensland’s resources sector has contributed over $115 billion in revenue for the local economy in the last financial year, showcasing the state’s rich mineral resource. Statistics show total revenue from the state’s resource sector equates to $1 in every $4...

US to back $1.6bn USA Rare Earth funding, shares jump

USA Rare Earth said on Monday that the Trump administration would back a $1.6-billion debt-and-equity funding package to help it build a Texas mine and magnet facility to supply the defense and high-tech sectors. Reuters reported over the weekend that the US...

Sandvik gets a boost from safe-haven gold boom

Swedish mining equipment and metal-cutting tool maker Sandvik reported slightly larger-than-expected fourth-quarter core profit on Tuesday and proposed a higher dividend, after mining activity and commodity prices increased demand. Operating profit before amortisation...