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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...

Weir launches ENDURON® Orbital range Weir has launched the ENDURON® Orbital range of vibrating screens for sand, aggregate, construction and small tonnage mining operations. With an all-bolted construction, the screens significantly improve reliability by eliminating welding in high-stress areas, removing the leading mode of failure in vibrating screens. Locking bolts ensure structural integrity and durability, supporting easy maintenance with the quick replacement of individual components without the need for extensive downtime. The ENDURON® Orbital range comes in two screen types, the E series: Elliptical Motion Horizontal Screens and the C series: Circular Motion...

Golden times ahead for Queensland’s largest gold mine Queensland’s largest gold mine — the Ravenswood gold project— is set to operate for another 16 years following the recent renewal of four crucial mining leases. Not only does the renewal of the leases cement the long-term future for Ravenswood but it also paves the way for significant expansion with plans to increase processing from 2.5mtpa to 8.4mtpa. Located in North Queensland, the Ravenswood gold project is a cornerstone of the state’s economy, supporting more than 400 employees and partnering with suppliers from the region. Ravenswood Gold chief executive Brett Fletcher says the renewal of the mining lease is an exciting...

Increased social use of drugs outside the workplace remains a challenge for employers to manage.   By Cameron Drummond GROWING drug and alcohol use in the resources sector has increased the challenges facing employers, according to a report by the Australian Mines and Metals Association (AMMA). A 2016 AMMA Drug and Alcohol Survey has shown that businesses were progressively more worried about the social acceptance of the use of prescription and illicit substances in the workplace. However the survey showed that out of a total of 53 companies across the industry that responded, only 40 per cent test for synthetic cannabis, raising concerns about the ability of testing to keep up with rapidly changing substance types. The report found that...