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Federal Government sets ‘ambitious’ 2035 emissions target The Federal Government has set what it calls an “ambitious but achievable” emissions reduction target of 62–70% below 2005 levels by 2035. The target was released alongside the Federal Government’s Net Zero Plan and supporting documents, including the National Climate Risk Assessment (NCRA). The NCRA showed that 2°C warming would have a disastrous impact on Australia’s economy, health and survival. 2°C will double severe and extreme heatwave events and increase time spent in drought by up to 70%, according to the assessment. The assessment found heat-related mortality would increase by 190% in Sydney,...

Second culling: Anglo American axes coal jobs  Anglo American is cutting more than 200 jobs across its coal operations in central Queensland and its Brisbane head office, according to the Issac Regional Council. The company is Australia's second largest steelmaker, operating five mines across Queensland, including the state’s largest — the Grosvenor underground coal mine. Anglo American Australia people and corporate relations vice president Ben Mansour says the company has undertaken a comprehensive review of its organisational structure to ensure the long-term sustainability of the business. “As part of this review, a small...

Tivan acquires NT critical minerals project Tivan (ASX: TVN) has fully acquired the Molyill project, a tungsten and molybdenum deposit North-East of Alice Springs. Thor Energy (ASX: THR) and joint Molyhill owner Investigator Resources (ASX: IVR) will receive $8.75m over three years from Tivan for 100% ownership over the project. Molyhill is situated next to Tivan’s Sandover fluorite project, also purchased from Thor Energy in November 2024. Molyhill boasts a JORC Code mineral resource estimate of 4.6mt with 12,100t (.26%) of tungsten trioxide, 4400t (.09%) of molybdenum, as well as 2050t (.04%) of copper. The project was exploited in a...

Mental health matters at Mineral Resources In 2024, Mineral Resources (ASX:MIN) became the first resources company in WA to deploy a team of in-house mental health clinicians to its mine sites across the state. Known as Mind Matters, the team includes seven highly qualified clinicians who work on a rotating 4:3 roster on site and in Perth, alongside two Perth-based clinicians. This ensures support is accessible to employees in remote locations as well as those based in the city. The investment encourages open, honest conversations about mental health and enables employees to access professional support at the earliest opportunity. Importantly, the service is provided free of charge for employees and their immediate family members. Now in its second year, Mind...

Anglo American makes $7.5b copper agreement Anglo American and Codelco have entered into a definitive agreement to implement a joint mine plan for their adjacent copper operations, Los Bronces and Andina, in Chile. The joint mine plan has been developed to unlock an additional 2.7mt of copper production over a 21-year period by increasing annual production by 120,000tpa —predicted to generate a pre-tax net present value uplift of at least $7.5b . According to 2024 data, combined production of the projects ranks among the top ten copper mines globally...

Metso acquires Q&R Industrial Hoses Metso has signed an agreement to acquire the privately owned Australian company which specialises in the manufacture of pinch valve sleeves, rubber hoses and other rubber products. This acquisition marks another step in Metso’s commitment to offer comprehensive, end-to-end slurry handling solutions and services for its customers. Following Metso’s valve and process control offering acquisition of Jindex in 2024, the addition of Q&R Industrial Hoses will further enhance Metso’s portfolio. Metso valves and hoses director Christian Trulsson says the company has a long relationship with Q&R, which has served Metso as a critical rubber parts...

BHP cuts 750 Queensland coal jobs BHP (ASX: BHP) and Mitsubishi, as BHP Mitsubishi Alliance’s (BMA), will suspend operations at the jointly owned Saraji South coal mine with the operation being place in care and maintenance in November 2025. The companies attributed the closure to consistently weak metallurgical coal prices and the impact of the Queensland Government’s coal royalties — a scheme introduced in 2022 when coal prices were significantly higher. BMA president Adam Lancey says the Queensland coal industry is approaching a crisis point. “As joint owners of BMA, BHP and Mitsubishi do not want to see operations paused or...

Federal Government report a climate change ‘wake-up call’ This week, the Federal Government released its first National Climate Risk Assessment (NCRA), which will be used to develop Australia’s 2035 emissions reduction target — expected this week. Australia’s first independent NCRA, created by the Australian Climate Service, compiles data and analysis from world-leading experts and scientists from the Bureau of Meteorology, CSIRO, the Australian Bureau of Statistics and Geoscience Australia. Alongside the comprehensive assessment, the Federal Government released a National Adaptation Plan (NAP) — a vision for a...

EPCA advancing mining electrification Electric Power Conversions Australia (EPCA) has signed a Memorandum of Understanding (MoU) with ABB to deploy full battery electric retrofit solutions for mining trucks. ABB is a Switzerland-based leading global technology company and together the companies will deliver retrofit solutions for conventionally powered trucks for mid-sized haul trucks with capacities of 100-150t. This collaboration represents a significant milestone for EPCA as it scales its retrofit technology beyond demonstration and into broader deployment. It reflects the alignment between EPCA’s hands-on expertise in mining truck electrification and ABB’s...

Ivanhoe delays ASX IPO Ivanhoe Atlantic has pushed back its mid-year initial public offering (IPO) target and is now aiming to launch its IPO in Australia before the end of 2025. Privately-owned US-based Ivanhoe is looking to develop the Kon Kweni high-grade iron-ore deposit in Guinea, West Africa, to provide a supply of high-grade iron ore that can be readily processed in Middle East into low emissions steel that can feed a US supply chain. At the WA Mining Club August luncheon, Ivanhoe...

Australia unlikely to embrace deep-sea mining The US is advancing its deep-sea mining interests, but Federal Resource Minister Madeleine King urged Australia to remain focused on its above ground critical minerals resources. In May US President Donald Trump signed an executive order to open US and international waters to deep-sea mining, which targets polymetallic nodules — a rich source of cobalt, nickel and manganese. To address the critical minerals supply-demand gap mining companies, including Canadian based deep-sea miner The Metals Company, are embracing the alternative source. The Metals Company...