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Mining companies face growth dilemma

High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China’s reopening and the role of minerals in decarbonising the economy. Although years...

OZ recommends BHP bid amid power price rise

OZ Minerals’ quarterly report has been released, showing 124,065 tonnes of copper produced – below the 127,000-tonne minimum target. The company has also warned that the cost of producing South Australian copper may rise a further 10 per cent in 2023. With the upfront...

Lynas enjoys quarterly revenue rise

Lynas’ Mt Weld rare earths mine north of Kalgoorlie-Boulder. Lynas Rare Earths has released its December 2022 quarterly report, showcasing a 14.8 per cent bump in revenue. Demand for major minerals mined by Lynas are on the rise as countries push to reduce carbon...

Aus strengthens hydrogen ties with Germany

The Australian government has strengthened its hydrogen collaboration with Germany, announcing funding for four new joint projects under the German–Australian Hydrogen Innovation and Technology Incubator (HyGATE) initiative. The initiative strengthens...

Ravensthorpe nickel mine switches to wind power

The Ravensthorpe nickel operations. Image: First Quantum Minerals In an effort to lower carbon emissions, the Ravensthorpe nickel mine on Western Australia’s south coast has switched to wind power. The proposed installation will take advantage of the strong...