Townsville is set to become home to Australia’s first critical minerals processing centre, the Queensland Resources Common User Facility (QRCUF). Located at the Cleveland Bay industrial park in Townsville, the state-owned mineral processing facility aims to support...
The weakening of a long-established correlation between the price of exchange-traded funds (ETFs) tied to gold and gold mining stocks have investors eyeing a range of potential causes, including massive buying from global central banks and shortfalls in gold...
Iron-ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices. Elevated costs are squeezing margins at steelmakers in the world’s top...
The value of rough diamonds sold by De Beers during its ninth sales cycle for this year reached only $80-million, compared with the $200-million sold in the eighth sales cycle. Sales were also lower than the $454-million of diamonds sold in the ninth sales cycle of...
An underground truck from multinational engineering company Sandvik has been donated by Perenti Group company Barminco to the South Metropolitan TAFE. While the Sandvik underground truck has already lived out its full mine life, it will serve as a training resource...
Newmont has completed its acquisition of Newcrest Mining with the aim of creating a world-leading gold miner. Now featuring more than half of the world’s Tier-1 assets, Newmont said its portfolio of long-life operations, value-accretive projects,...
