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Fortescue to spend big in Gabon

 A joint venture (JV) led by iron-ore major Fortescue Metals will invest $90-million on exploring the Belinga iron-ore project, in Gabon, over the next three years. Fortescue announced that the JV, Ivindo Iron SA, in which the company holds an 80% interest, had...

Lithium on the rise after US EV law passes

President Joe Biden signs the bill. Australia’s critical minerals will drive the United States’ electric vehicle battery program following its move to grant preferred status to Free Trade Agreement (FTA) partners. The US Inflation Reduction Act is a boost for the...

Australian miners to benefit from China stimulus

As China looks to emerge strongly from recent COVID lockdowns, Australian miners are set to welcome the economic return of their biggest export customer. According to a new report from Ausbil Global Resources Fund, China is “likely to accelerate growth coming out...

Miners welcome safeguard mechanism consultation

The Australian resources sector has welcomed a consultation paper from the federal government on the safeguard mechanism as part of providing certainty for Australia’s biggest emitters on their pathway to net-zero emissions by 2050. Minister for Climate Change and...
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