The non-binding heads of agreement for Chinalco to acquire Rio Tinto's interest in the Simandou project has lapsed.
Australia’s substantial and diverse mineral resources have made it a key supplier of the minerals that are essential to modern life, including iron ore, gold and lithium.
BHP has reached an agreement to settle the class action complaint regarding the Samarco dam failure. The company will pay the plaintiffs US$50 million, with no admission of liability.
The funds will be invested in detailed engineering work on key elements of the project, the development of a rail construction camp and the first stage of the Koodaideri accommodation camp.
The company achieved a 6% increase in total production on a copper equivalent basis in 2Q18, compared to 2Q17.
“The AutoHaul programme will deliver the world’s first fully autonomous, long distance, heavy haul rail network, operating the world’s largest and longest robots.”
The service offering for the South American mining industry has widened following thyssenkrupp’s expansion in Brazil.
The company is aiming to develop greater flexibility across its system of mines, rails and ports in Western Australia through the application of automation and other initiatives.