Finance & business

Support from Australians for the nation’s minerals industry continues to increase, with the Mineral Council of Australia’s (MCA) ‘There’s more to Australian mining’ campaign.

Stornoway Diamonds owns and operates the Renard Mine, which has been in commercial production operation since 2017.

The Industrial Internet Consortium® (IIC) and the Global Mining Guidelines Group (GMG) announced they have agreed to a liaison to help further the development of the industrial internet.

Amarjeet Sohi, Canada's Minister of Natural Resources, has announced US$3.8 million in funding to the BIOSALIX programme, a renewable energy coal mine reclamation project near Forestburg, Alberta.

Growing investment by mining is helping to secure Australia’s long-term prosperity.

Surface mining is expected to see long-term growth according to research by Future Market Insights.

The Global Mining Guidelines Group has been working with RCT to translate the recently published report on the implementation of autonomous systems in mining.

At the current price, between 20 - 30% of global cobalt mine supply is at risk of disappearing in 2020.

Westpac Banking Corporation provides AUS$15 million working capital and hedging facilities to Kalium Lakes Limited.

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Armadale Capital confirms that the metallurgical testwork programme on representative composite samples from its wholly-owned Mahenge Liandu graphite project in Tanzania has now been completed, producing highly encouraging results.

Katoro Gold plc agrees a term sheet with Lake Victoria Gold Ltd covering the disposal of 100% of the company’s wholly-owned subsidiary, Reef Miners Ltd.

Queensland Resources Council (QRC) Chief Executive Ian Macfarlane states that the Palaszczuk government’s first royalty deferral and repayment agreement to support the development of New Century Zinc Mine should be a model for other projects to attract more investment.

According to research by Future Market Insights (FMI), the global smart mining market will see considerable traction in forthcoming years due to increased uptake of advanced technology and automated vehicles.

The Board of Borr Drilling has recommended Paal Kibsgaard as new chairman of the Board of the company ahead of the election that is to take place at the company’s annual general meeting, which is to be held on 27 September.