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VSUN Energy and Horizon Power enter agreement for long duration energy storage VSUN Energy, a subsidiary of Australian Vanadium (ASX:AVL), has signed an agreement with WA’s regional energy provider Horizon Power for the purchase, installation and commissioning of a vanadium flow battery (VFB) in Kununurra. The 22kWh battery can deliver up to 78kW of power and will be sourced from leading global VFB manufacturer, Invinity Energy Systems. The use of long duration energy storage, in the form of VFBs, could assist Horizon Power to speed-up the decarbonisation of its energy network which covers 2.3mkm2. Horizon Power will use the VFB for its long duration energy storage pilot which aims to increase the...

Development progresses for Queensland PSG manufacturing facility Results from latest testwork are continuing to support the potential development of a vertically integrated purified spherical graphite (PSG) manufacturing facility in Queensland. The Beijing General Research Institute for Mining and Metallurgy Technology Group (BGRIMM) has now completed a comprehensive flowsheet development metallurgical testwork program on a one-tonne sample from Lithium Energy’s (ASX:LEL) Burke graphite deposit. The aim of this was to assess and develop an optimised flake concentrator flowsheet with BGRIMM successfully achieving grades of more than 95% total graphitic carbon (TGC) and recovery of more than 85%. Both the grade and recovery align with typical requirements of the graphite processing industry. BGRIMM also completed...

Exploring the Best Bulk Fuel Storage and Dispensing solutions with PETRO Industrial PETRO Industrial is a leading provider of fuel, lubrication, and AdBlue dispensing products. However, what sets PETRO Industrial apart is the company's ability to offer CUSTOM "Plug-n-Play" Storage, Gauging, Monitoring, and Management SOLUTIONS that are specifically tailored to meet each client's needs. PETRO Industrial's extensive experience and in-house capabilities enable the company to design, engineer, manufacture, fabricate, deliver, install, commission, service, and maintain projects of any size, from a single tank to a modular bulk storage fuel farm and lubrication stations. PETRO Industrial serves various industries, including Mining, Road transport, Rail, Construction, Fuel distribution, Fuel depots, Marine, Aviation, Agriculture, Fuel stations, Food & Drink, among others. The company's...

World-first autonomous road train for Onslow Iron project in Pilbara, WA Mineral Resources (ASX: MIN) will deploy the world’s first fully autonomous road trains equipped with autonomous haulage solutions, thanks to a landmark agreement with specialists Hexagon AB (Nasdaq Stockholm: HEXA B). The fleet of 120 road trains has been designed and developed for the diversified miner’s flagship Onslow Iron project in WA, thereby ensuring safer, more sustainable and more productive transport activities for the project. MinRes chief executive of mining services Mike Grey says the company is excited to cement its partnership with Hexagon to deliver...

HIVE battery systems being rapidly deployed across Australia Detailed planning has begun for more than twenty battery energy storage systems in the Hunter Valley, NSW, with hundreds more planned for the State and other states soon to follow. Initiated by the Clean Energy Transfer Fund as key tolling partner for HIVE Battery Developments, this move will help provide grid stability within the local system, thereby enhancing energy security for large industrials in the area, such as mining. According to the Australian Renewable Energy Agency (ARENA), the mining sector is one of the biggest consumers...

Rio Tinto decreases revenue, increases Pilbara production The world’s second-largest metals and mining corporation Rio Tinto (ASX:RIO) has reported a 10.4% decrease in sales revenue of US$26.6b (A$39.12b) for the six months ending June 30, 2023. Rio recorded US$11.7b (A$17.21b) in earnings before interest, tax, depreciation and amortisation for the first half of the year, a 25% decrease on the prior corresponding period. The company says the decline is reflective of the easing iron ore prices. Rio chief executive Jakob Stausholm said the company is poised for long-term success. “We have a clear pathway to building an even stronger Rio Tinto and continue to gain momentum in our strategy to set the...

Consultations open for Critical Minerals List update The Federal Government is calling for industry input as it looks to update the Critical Minerals List by the end of this year. The current list, as of March 2022, includes 26 minerals, with this year’s update aiming to prioritise support for critical minerals projects that drive priority technologies and contribute to the Critical Minerals Strategy that was released last month. Federal Resources and Northern Australia Minister Madeleine King says updating the Critical Minerals List will ensure the Federal Government can support the industry’s development and help Australia to...

Fortescue Metals achieves record iron ore shipments for FY23 Iron ore shipments of 48.9mt in Q4 FY23 contributed to Fortescue Metals (ASX:FMG) achieving record shipments of 192mt for FY23. This is 2% higher than FY22 and achieved the top end of market guidance. FY23 represents the fourth consecutive year of record shipments, reflecting strong performance across the entire supply chain.   Average revenue totalled US$96/dmt (A$141.80/dmt) in Q4 FY23, realising 87% of the Platts 62% CFR Index, and average revenue in FY23 totalled US$95/dmt (A$140.32) in FY23. This strong cashflow generation contributed to a cash balance of US$4.3b (A$6.35b) and net debt of US$1b (A$1.48b) as of June 30, 2023,...