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Mayur secures Orokolo Bay funding. Mayur Resources (ASX:MRL) has secured up to US$11.2 million ($17.87 million) of funding from Pacific Unison Holdings for the construction and operation of the Orokolo Bay Industrial Sands Project in Papua New Guinea.
Viking Mines to generate Narndee gold anomalies
1 day ago · The targets at Viking Mines’s (ASX:VKA) Canegrass and Narndee projects in Western Australia offer opportunities for gold mineralisation beyond the vanadium mineralisation already defined.. A recent auger soil sampling program comprised 415 auger holes over 7km strike at Narndee and a further 250 holes over 1.7km strike at Canegrass.
Exploration News - Mining.com.au
Mining.com.au is published by Mayfair Media Operations Pty Ltd ABN 94 627 513 295. The information that we provide is general in nature and is not financial advice.
Ebbs and flows: Australia’s mining outlook - Mining.com.au
Dec 22, 2023 · Australia’s mining sector contributes to some 13.4% of the country’s GDP. It remains a major player in the global market in terms of supplying key minerals and metals beyond just those needed for the green energy transition and shift towards decarbonisation. However, the global economic slowdown and fewer supply disruptions generally reduced commodity prices over […]
Minerals Council lauds mining’s strength amid budget surplus
Oct 6, 2024 · The Minerals Council of Australia has lauded Australia’s second straight budget surplus as a result of the ongoing strength and reliance of the country’s resources sector.Treasurer Jim Chalmers last week announced the Australian Government recorded a $15.8 billion surplus in 2023-24 – the second consecutive financial year the …
Costs a major focus for miners in 2024 - Mining.com.au
Recently, Saxo’s strategy team released its Q1 2024 outlook which outlined the reasons Saxo believes 2024 could become the “year of the metals” with focus on gold, silver, platinum, and copper.. Central banks will likely embark on rate cuts in 2024, marking a shift from the tightening stance in the previous year.
METS Insight: Australia ‘punching above its weight’ - mining.com.au
Australia’s mining and METS (mining equipment, technology, and services) sector continue ‘punching above its weight’ and contribute an estimated 15% of Australia’s GDP, creating more than 1.1 million jobs, of which METS businesses employ 300,000 people directly.
Australia Archives - Mining.com.au
Jan 30, 2025 · Mining.com.au is published by Mayfair Media Operations Pty Ltd ABN 94 627 513 295. The information that we provide is general in nature and is not financial advice.
Cu later exploration: Copper miners ‘buying production’
Copper miners are increasingly focusing on “buying production” and forgoing investment in greenfields exploration for later development as debilitating labour costs and declining ore grades continue to take hold.. Production in Australia is poised to increase by 6.2% per annum to reach 1.16 million tonnes in 2028–29 despite Glencore’s …
Untapped: Australia ‘underexplored’ despite rich endowment
In 2022, Australia spent more than $4 billion on mineral exploration, which is a 13% increase from 2021. Critically, in decade to 2021 Australia accounted for 18% of all discoveries and since 2015 the country generated the greatest return on investment in the world achieving better ‘bang-per-buck’ than their foreign counterparts. Included in the total […]