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Iron, coal provide temporary budget boost

Federal Treasurer Jim Chalmers says robust iron ore and coal prices have helped narrow Australia’s budget deficit for the last fiscal year by about $50 billion. In a preview of the federal budget due to be presented in full next month, he also said he felt most of the...

Polymetal produces first gold at Kutyn mine

Refractory ore will be processed at the Albazino concentrator, starting in 2025. Gold and silver miner Polymetal has produced its first gold at the Kutyn mine, in Far East Russia – six months ahead of the schedule, but 38% above the original capital...