Australia Poised to Prosper as Global Demand for Critical Minerals Soars

According to official forecasts unveiled on Wednesday, Australia's economy is on the brink of a lucrative boom as global demand for critical minerals is projected to surge by 350% by 2040. With the world's focus shifting towards achieving net-zero emissions...

China’s Economic Woes Threaten Australia’s Iron Ore Export Revenues

The weakening Chinese economy and a global slump in steel demand are casting a shadow over Australia's primary export, iron ore, as experts predict a price dip that could adversely impact major mining companies and the national economy. RBC Capital...

Aviation: The Lifeline of Australia’s Thriving Mining Industry

Australia's formidable mining sector, a linchpin of its economy, owes much of its success to the aviation industry. With its expansive landscape and remote mining sites, transportation challenges have driven a symbiotic relationship between these two sectors. Covering a staggering...

Australian Shares Slip on Static Rates, China’s Factory Contraction Worries Investors

Due to unchanging interest rates and China's factory activity decline, Australian shares dipped on Wednesday—the S&P/ASX 200 index.AXJO fell 0.7% to 7,401.2 by 0041 GMT, after a 0.5% gain on August 1. The Reserve Bank of Australia's decision to maintain...

Legal Battle Over Billion-Dollar Iron Ore Tenements Intensifies, Gina Rinehart Faces Court

Perth, Australia - The ongoing legal dispute over the multibillion-dollar Hope Downs iron ore assets has taken a significant turn as the heirs of Peter Wright, former business partner of Lang Hancock, present evidence that Australia's richest person, Gina...

Australia Blocks China-Linked Company Austroid’s Takeover of Alita Resources

In a move aimed at safeguarding national interests, Australia has intervened to prevent the China-linked company Austroid Corporation from taking over the financially troubled lithium miner Alita Resources.  Issued by Chalmers, the prohibition effectively stops Austroid Corporation from acquiring an...

Auric Mining Expects Substantial Cash Boost from Jeffreys Find Project

Western Australia-based gold explorer Auric Mining is anticipating a significant cash injection in September/October 2023 as it nears completion of the first stage of its Jeffreys Find gold project. The company's managing director, Mark English, expressed confidence in the project's...

Australian Mines Secures Mining Lease and Battery Manufacturer Deal for Sconi Project

Australian Mines' subsidiary, Sconi Mining Operations, has successfully obtained Mining Lease 10368 granted by the Queensland Department of Resources, which will remain valid for 25 years for the Sconi Battery Minerals Project located in the Greenvale mining area of...

Australian Mining Giant Fortescue Expands: New Battery Plant to Create 120+ Jobs

Fortescue, the Australian mining company, has unveiled plans to expand its operations in Oxfordshire, creating over 120 skilled jobs.  The company, known for its iron ore expertise, will establish a cutting-edge battery facility in Banbury, further bolstering the UK's electric...

Australian Shares Rise on Mining Strength and Fed Rate Hike Pause Hopes

Australian shares rallied on June 9, driven by mining and gold stocks, as investor optimism grew due to expectations of a U.S. Federal Reserve rate hike pause. The S&P/ASX 200 index (^AXJO) rose by 0.3% to reach 7,099.7 by 0042...
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