Miller Made for the Mine Site

China-US deal boost for coal trade

InternationalNews

China-US deal boost for coal trade

AUSTRALIAN coal producer Whitehaven Coal sees a silver lining for global coal markets from the signing of the first phase of a trade deal between China and the US on Wednesday. Whitehaven Coal said in a production update to the ASX that the easing of China-US trade tensions should improve market conditions for metallurgical coal, a key ingredient in steel production in China, and for thermal coal used in power stations to generate electricity. “The metallurgical coal market recovered in late 2019 from the lows experienced mid-2019,” the company stated. “The dynamics of the steel market are impacted by the trade tensions between China and the US, so the signing of the Phase 1 trade deal should have a welcome…

Fortescue is a core supplier of iron ore to China and generates RMB revenues through its iron ore sales.

Fortescue receives landmark $3b loan

Fortescue (ASX: FMG) has secured a syndicated loan facility of $3b (RMB$14.2b) to support its ambitious decarbonisation agenda. The loan facility comes from leading Chinese, Australian and international lenders. This is the first RMB syndicated term loan of its kind by an Australian corporate — a landmark transaction that Fortescue says reflects the depth of its long-standing relationships in China. Proceeds will be used for general corporate purposes and Fortescue’s decarbonisation efforts, including partnerships with Chinese suppliers and technology leaders. Fortescue executive chairman Dr Andrew Forrest says this isn’t just a financial transaction — it’s a signal of what is possible when partners are aligned in ambition. “As the US steps back from investing in what will be the world’s…

Mining mogul expands into uranium

Mining mogul expands into uranium

Andrew Forrest has expanded his extensive commodities portfolio, investing millions into a developing uranium company just days after purchasing WA beef exporter Harvey Beef. In a $12 million deal signed in early May, Mr Forrest made his first foray into uranium, becoming a majority shareholder in junior developer Energy and Minerals Australia (EMA). Mr Forrest’s holding company Forrest Family Investments reportedly bought 400 million EMA shares at $0.03 per share, with the funds to go towards the development of Mulga Rock uranium and base metal deposits Ambassador, Emperor, Shogun and Princess, 240km northeast of Kalgoorlie-Boulder. The pending sale included one unlisted option for each share a an exercise price of $0.05, with an expiry date of 30 June 2016. When…

All funding allocations are subject to a Financial Assistance Agreement with the State.

Pilbara Minerals nets $15m grant

Three major job-creating regional projects will receive a multimillion-dollar funding boost as part of the WA Government clean energy plan to diversify the economy and set WA up for the future. The WA Government has allocated $34m through its Investment Attraction Fund to three clean energy projects that will drive new job opportunities across WA. WA Premier Roger Cook says WA is on track to become a global clean energy powerhouse, to keep its economy for the long term and create the jobs of the future in the State. “These projects are at the cutting edge of the global energy transition — whether it’s reducing emissions from steel or producing the batteries the world needs for a clean energy future,”…

Stainless steel vessels, equipment and services for Australian mining

Stainless steel vessels, equipment and services for Australian mining

ESTABLISHED in 1963, A&G Engineering & Mining Supplies has five decades experience producing high quality stainless steel vessels and equipment. Today, it is the preferred tank manufacturer for many industries across Australia. The A&G team is involved in the design, manufacture and installation of an extensive range of stainless steel vessels and equipment for all major industries including mining, heavy industry, dairy, brewing and wine. Growing demand for A&G products has led to its further expansion into the mining sector. A&G now maintains a very strong focus on supplying the industry with a range of products, including stainless steel tanks, valving, pipe work systems, carbon screens, hoppers, screening products, storage bins, catwalk and stair-tower structures, along with a full and…

Independent testing makes flights best in the business

Independent testing makes flights best in the business

MOST mines sites are in remote areas and harsh environments, posing safety risks on multiple levels. It is therefore important to reduce travel risk as much as possible by using a reputable, safety conscious aviation company with intimate knowledge of the region. With a growth in the mining sector, there is a growing need for aviation services, including executive transportation, shift rotation, aero-medical and spare parts delivery. It is important to select an aviation operator which aspires to the same stringent safety policies as most mine sites. ExecuJet Aviation Group undergoes regular internal and independent aviation safety audits and rates among the best in the industry. The independent safety audit organisations that have rated ExecuJet include: BARS, Wyvern, Hart Aviation…

BHP - Australian Mining Review

BHP’s strategy for value growth in a decarbonising world

BHP‘s (ASX: BHP) chief executive officer Mike Henry delivered a speech at the Bank of America 2023 Global Metals, Mining & Steel Conference, discussing the company’s strategies to drive value growth for shareholders. BHP to drive growth for shareholders Mr Henry emphasised BHP’s focus on operational excellence, portfolio optimisation and commitment to social value. He touched upon various aspects, including safety, macroeconomic drivers, long-term growth opportunities, specific growth initiatives, recent acquisitions, reliability, operational excellence and capital projects. Addressing the audience, Mr Henry expressed his gratitude for the conference and acknowledged the tragic fatalities that occurred at Olympic Dam and Port Hedland. “As far as we have come in recent years, we’ve now had two colleagues who haven’t made it home…

Drilling results add momentum to African iron ore project

Drilling results add momentum to African iron ore project

African -focused iron ore explorer Waratah Resources has announced updated drilling results and development progress at its Youkou iron ore project. The Youkou project is on the Ivindo Massif in the north west of the Democratic Republic of Congo and hosts a number of large-scale iron ore development areas. Since two company-owned and operated diamond drill rigs began work on site in late January, 13 holes have been completed totalling more than 649m of drilling. Waratah reported that a significant new area of potential iron ore mineralisation was encountered in hole YKD033, where mineralisation was discovered from 0m to 63m at 37 per cent iron, including 15m at 44 per cent, using the hand-held Niton XRF. “This hole is significant…