Red Mountain restarts US antimony exploration

By admin

Thursday, 9 April 2026

Exploration & DiscoveryNews

Red Mountain Mining (ASX: RMX) will recommence exploration across its US antimony portfolio, with fieldwork set to begin in Montana this month.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

The consultation period will close on July 3.

WA resources regulatory process takes major step

WA resources regulatory process takes major step The WA State Government has made another major step towards streamlining the regulatory approvals process for the resources sector. Introduced in 2022, the Fast-Tracking Mining Approvals Strategy aims to transform the regulation of resource projects through multiple work streams. The WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) is inviting stakeholder feedback on the draft Eligible Mining Activity (EMA) Regulations. The EMA framework will increase the efficiency of applications by introducing a new form of authorisation for certain activities that involve minimal disturbance. Under the EMA, tenement holders will be able to notify the DEMIRS that they will be...

Upbeat despite falling profits

Upbeat despite falling profits

MINING giant Rio Tinto has retained a positive economic outlook in the face of plummeting first half profits, due in part to sluggish demand from China. Despite posting results which exceeded the market expectations of about US$4.94 billion, Rio’s first half underlying profit of US$5.2 billion showed a 34 per cent decrease. The company attributed the US$2.6 billion profit drop to lower commodity prices, as well as increased operating costs and weaker production. “Lower prices were the main driver of a reduction in underlying earnings in the first half of 2012, but overall we continue to generate strong earnings and cash flows,” Rio chairman Jan du Plessis said. “Whilst we are mindful of short-term uncertainties we remain convinced of the...

Rio looks to a ‘deeper world’

CommoditiesDevelopmentsInternationalMergers & AcquisitionsNews

Rio looks to a ‘deeper world’

RIO Tinto (ASX: RIO) chief executive J-S Jacques waxed philosophical to investors in London on Monday speaking of his vision of the company’s future. He spoke about the ‘deeper world’ awaiting the mining industry in the 2020s, and the importance of recognising the finite nature of the resources being mined. As Rio Tinto moves into the next decade, the shift from excess to discipline will be emphasised. Mr Jacques said that as the world becomes faster, so it becomes deeper too – meaning AI and big data present an opportunity to transform mining majors’ business models toward circular economies. “The world will not wait for us,” he said. “The time for change is now.” China’s insatiable appetite for resources in...

Arrium pushed into administration

Arrium pushed into administration

Low iron ore prices and insurmountable debt has forced Arrium into administration. Image: Whyalla News. By Samantha James IN early April, when Arrium asked its lenders – Australia’s four banks, several global banks and US bondholders – for a US$927 million life line to save it from going under, it hardly expected them to reject the package presented by alternative asset manager GSO Capital Partners. The lenders did, however, and pushed the struggling company into administration owing its creditors more than $2.8 billion. Arrium’s 1.2 million tonnes per annum steel plant at Whyalla on South Australia’s Eyre Peninsula is bleeding cash in the face of a collapse in steel prices and cheaper Chinese imports. The company also owns smaller plants...