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Researchers develop new cost-effective method to find copper
Porphyry-type copper deposits provide 75 percent of the world’s copper and a significant amount of molybdenum and gold. These rare deposits, which originally form at several kilometers below the Earth’s surface, above large magma chambers, are most economical to mine. However, most near-surface deposits have already been discovered.
Australia’s mining industry could lose up to 20,000 jobs by 2018
We haven’t seen the worst of the mining downturn in Australia. According to the BIS Shrapnel’s Mining in Australia 2015 to 2030 report, the sector is likely to see upwards of 20,000 jobs fade away by the end of 2018 as mining investments are predicted to fall by 58 percent over the next three years.
Rio Tinto agrees to invest in Mongolia’s Oyu Tolgoi mine
After two years of intense negotiations, mining giant Rio Tinto has made a deal to invest between $250-300 million to the underground section of the large Oyu Tolgoi copper and gold mine in Mongolia.
Mongolia to sell stakes in Tavan Tolgoi coal mine
Mongolia is looking to sell stakes in 10 state-owned enterprises this year, including stakes in the $4 billion Tavan Tolgoi coal mine, as the country seeks to revive growth and boost investment, according to Bloomberg.
MINING INDUSTRY: 2015 OUTLOOK
THE MINING INDUSTRY was battle tested in 2014. The prices of iron ore and gold deteriorated, reaching record lows and forcing many companies to cut costs and postpone projects in order to survive. The volatile market forced companies to expand projects in an effort to reclaim profits while others upgraded outdated technology and machinery to [...]
Rio Tinto, BHP Billiton Closer to Developing the Largest Copper Mine in U.S.
Lawmakers in Arizona have revived a bill that would allow Rio Tinto (LSE:RIO) and BHP Billiton (ASX:BHP) to jointly build a massive copper mine (the biggest in the United States) in southeast Arizona.
3 Types of Coal Mining
The coal sector has faced many obstacles through the years and today it’s no different. The sector continues to endure low prices and tough market conditions forcing many companies to cut back on operations and their workforce. The need for coal, however, is still prevalent.
Rio Tinto Settles Tax Dispute with Mongolia; Oyu Tolgoi Mine Back On Track
UK mining giant Rio Tinto (LON:RIO) is on the verge of getting its $6.5 billion Oyu Tolgoi project back on track after resolving a lingering tax dispute with the Mongolian government.