Rio Tinto is on the cusp of selling its stake in the controversial Grasberg copper mine in Indonesia, after the state-owned venture looking to buy the stake said it had acquired the funding needed.
The
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BHP fields first bids for US shale assets
The market has reportedly valued BHP’s United States shale portfolio between AU$9.2 billion and AU$11.8 billion, as the mining giant continues to scope the sale as part of its business restructure.
BHP
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South32 to buy Eagle Downs stake
South32 will look to progress the Eagle Downs coking coal project in Queensland’s Bowen Basin to production, after it assumes control of the project along with a 50% ownership stake in a $177 million
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First gold poured at Gascoyne’s Dalgaranga
Gascoyne Resources is Australia’s newest gold producer, after it made its first gold pour at its Dalgaranga project in Western Australia’s Murchison region.
The miner announced on May 30 it had produced
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FMG approves $1.7bn mine and rail project
The board of iron ore miner Fortescue Metals Group has approved a $1.67 billion mine and rail project, which includes adding 30 million tonnes of annual processing capacity, and 143 kilometres of new railway.
FMG
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100 years for AMMA
AMMA president Richard Owen has said Australia’s resources and energy sector remain cautiously optimistic, as the industry group commemorated its 100th year at its AGM in Melbourne on May 25.
Owen, chairman
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Rail Express May-June: Budget, R&D, below rail
The latest edition of Bulk Handling Review sister publication, Rail Express, is now available to read in its digital, true-to-print format.
Highlights of this issue include a full review of the federal
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Rio Tinto confirms plans to sell Grasberg stake
Reports Rio Tinto is considering ending its investment in the controversial Grasberg copper mine in Indonesia have been confirmed, after the company said it was in talks with a state-owned enterprise over
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Coalition stays unhappy with AGL over Liddell plans
Energy minister Josh Frydenberg says the Turnbull Government will continue to pressure AGL to address its concerns, after the energy producer formally rejected a $250 million offer from China’s Alinta
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Altura crushes first ore at Pilbara site
ASX junior Altura Mining has stockpiled crushed ore for the first time at its flagship lithium project in the Pilbara and says it’s on track to make its first lithium concentrate shipment in July 2018.
Altura
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