Copper overtakes iron ore as BHP’s breadwinner as China talks stall

Landmark International Graphite agreement International Graphite (ASX: IG6) is set to develop an expandable graphite facility (EGF) in Europe as an equal part joint venture with Arctic Graphite. The company has noted Germany as its preferred location for the EGF which has proposed production rates of 3,000t/y and a capital cost estimate of $8.8m. Graphite Investment Partners (GIP), a major shareholder of Arctic, has committed to arranging at least 50% of the EGF capital cost estimate in non-dilutive funding and has issued a non-binding letter of interest to arrange up to $10m in funding. Produced...

NSW budget supports industry future The NSW 2025 state budget has been delivered and includes important initiatives to support the growth of the state’s resource industry. Amongst the initiatives, $17.7m was allocated towards the new Investment Delivery Authority (IDA) which is expected to assist around 30 large projects, bringing forwards more than $50b of investment annually. Association of Mining and Exploration (AMEC) chief executive Warren Pearce says the mineral exploration and mining industry looks forward to receiving further information about the IDA...

Long gone are the days of sub dollar prices at the bowser.