South32 flags $1.5b Hermosa cost blowout

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Thursday, 30 April 2026

InternationalNews

South32 (ASX: S32) has lifted Taylor growth capital at its Hermosa project in Arizona by $1.5b (US$1.1b), while pushing first production out to the second half of FY28.

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.

GFG’s European expansion

InternationalMergers & AcquisitionsNews

GFG’s European expansion

BY ELIZABETH FABRI BRITISH steel magnate Sanjeev Gupta's GFG Alliance will pay $US500 million for Rio Tinto’s Aluminium Dunkerque smelter as part of a planned expansion into central Europe. Rio Tinto announced it had received a binding offer from GFG Alliance’s industrial arm Liberty House, which it expected to complete in the second quarter of 2018, subject to final adjustments. The deal followed GFG Alliance’s acquisition of Rio Tinto’s Lochaber Smelter and assets in Scotland in December 2016; however this would be the group’s first significant step into continental Europe. GFG Alliance executive chairman Mr Gupta said Liberty planned to develop the 570-worker plant, and potentially create thousands more jobs on-site and for the wider community. The company...

Iron ore backs resources sector

DevelopmentsInternationalNews

Iron ore backs resources sector

IRON ore will prop up Australia’s resource and energy export earnings despite the impact of the coronavirus outbreak, according to a new estimate put forth by the Australian Department of Industry, Innovation and Science. The department’s latest Resources and Energy Quarterly (REQ) forecasts commodity export earnings to hit a record $299b in 2019-2020, an increase of $18b from 2018-2019. The REQ covers a five-year outlook, highlighting long-term structural changes affecting global commodity markets including urbanisation, industrialisation and technological change. This edition includes information on the impact of the coronavirus outbreak on the commodity outlook. While oil prices have been falling due to diminishing global demands for air travel, gold prices have been increasing as investors look towards safe options, benefiting...

Energy markets face months of disruption despite ceasefire

InternationalNews

Energy markets face months of disruption despite ceasefire

Iran has agreed to allow conditional passage through the Strait of Hormuz under a two-week ceasefire with the US.

Green light for Samarco

CommoditiesDevelopmentsInternationalNews

Green light for Samarco

THE Samarco joint venture between Vale SA and BHP Group has been given approval to resume operations at the Germano iron ore plant in Brazil, four years after a fatal dam collapse there. It is understood that 10 of the 12 members of Minas Gerais state environmental council, known as Copam, voted in favour of an operational corrective licence for the mine. Samarco has had its operations halted since the 2015 Fundão waste dam collapse that killed 19 people and resulted in flooding across more than 600km in one of the worst environmental disasters in the country’s mining history. The mining dam failure had affected the downstream Santarem dam, causing a “significant release” of mine tailings to flood the nearby...

Companies looking at green hydrogen or steel projects in regional Australia will have access to a free online tool to speed investment decisions.

Mining contributes record $455b in export revenue in FY23

Mining contributes record $455b in export revenue in FY23 In the 2022-2023 financial year, mining contributed a record $455b in export revenue, highlighting the importance of the industry to the nation’s economy, government revenue and regional jobs. Released by the Australian Bureau of Statistics (ABS), this figure represents 66% of all export revenue for the nation and is 10.5% higher that 2021-2022, which was a previous record year. This figure showed that thermal and metallurgical coal export revenue totalled $128b, iron ore $125b, gold $27.4b, aluminium $14.9b and copper $12.5b. A strong growth was seen in technology metals such as nickel, 51%, zinc, 30%, copper, 17% and coal, 11%. A 5% increase was...

Rio Tinto to become Australia’s biggest industrial buyer of renewable power

Rio Tinto to become Australia’s biggest industrial buyer of renewable power

Rio Tinto to become Australia’s biggest industrial buyer of renewable power Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project. The latest agreement, which follows last month’s announcement of a PPA for the Upper Calliope solar farm in Queensland, will make Rio Tinto the biggest industrial buyer of renewable power in Australia. Under the new PPA with Windlab, Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years. The project, which...

Global Drone Solutions CEO wins Western Australian Pearcey Entrepreneur of the Year Award

FeaturesNew technologyNews

Global Drone Solutions CEO wins Western Australian Pearcey Entrepreneur of the Year Award

Global Drone Solutions founder and CEO Mahmood Huseein has taken out the 2022 Western Australian Pearcey Entrepreneur of the Year Award. The award was presented as part of the 31st annual Waitta Incite Awards, Western Australia’s longest running Tech Awards programme. Waitta Incite Awards chief judge Bob Cross said Mahmood met all the criteria of the awards. “Mahmood took a risk by funding the startup personally with help from family and friends, in an industry that was still developing approval processes. "He has made a difference by building a successful drone training business with the biggest names in mining and oil and gas as customers, and he is an inspiration as the media’s ‘drone guru’, developing primary, secondary and tertiary...

Miners Find Some Positives In Federal Budget Offering

Miners Find Some Positives In Federal Budget Offering

Below is some Budget Commentary from some mining industry leaders Andrew Dinning, Managing Director of Sarama Resources On the National Skills Agreement: The increase in funding under the National Skills Agreement will hopefully flow through to developing the labour pool, and anything that increases workforce skills and participation rates is positive for industry and business in general. However this initiative is unlikely to address immediate needs. The industry is suffering from a dearth of quality tradespeople and skilled participants which is having a detrimental impact on costs and quality of output. The mining industry and society in general desperately need a significant increase in skilled and quality labour and a much broader pool of skilled individuals from which to recruit....