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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...

Rio joins global zero-carbon coalition

Diversified miner Rio Tinto will join global initiative, the First Movers Coalition, to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains. More than 50 companies with a collective market value of about $8.5-trillion across...

Coal prices pump up New Hope profits

New Hope Corporation has delivered a net profit before tax of $1.401 billion for the year ended July 31, following an exceptional financial and operational performance across the company. Chief executive officer Rob Bishop said it was due to strong demand and...