The government of South Australia has granted final approval for a new iron ore project in the Eyre Peninsula, according to AAP, via Steel Guru.
Articles Tagged "australia"
Australian mega-miner Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) said today that it will spend $400 million to expand production in the Australian Pilbara region to 360 million tonnes per annum by 2015.
The Australian Financial Review reports that a secret agreement between BHP Billiton (NYSE:BHP, ASX:BHP, LSE:BLT) and the Port Hedland Port Authority could play a key role in which companies are allocated port capacity in the future.
Australian Mining reports that Port Hedland has posted another record month of iron exports to China — 25.2 million tonnes, beating highs earlier this year of 23 million tonnes.
The head of China's largest iron ore customer told Australian Trade Minister Andrew Robb that the mining boom is not over and that demand for ore will remain strong, The Australian reported.
BHP Billiton (NYSE:BHP) said earlier than expected production from the Jimblebar mine in the Australian Pilbara has raised its 2014 production forecast to 212 million tonnes, Sydney Morning Herald reported.
Times of Oman reports that an Oman-based investment company, Anvwar Asian Investments, and an Australian iron ore developer are jointly planning to develop an integrated iron ore mine along with a large pelletising plant in South Africa.
Reuters reported that China's CITIC Pacific is moving into initial production at its $8 billion iron ore project in Australia following years of delays.
Platts reported the Australian mining industry welcomed Saturday's election of Prime Minister Tony Abbott and his coalition's pledge to abolish the carbon tax on fugitive greenhouse gas emissions from coal mines and the Minerals Resource Rent Tax on coal and iron ore mining profits.
Global Times reported that Australian iron ore exports to China increased 9 percent from July.