Australia’s Prime Minister Scott Morrison has unveiled an investment package worth US$175 million to develop its rare earths value chain, as part of a plan to boost the country’s self-reliance in a sector dominated by China. The financial support, aimed at four new projects including a...
Resources companies in Australia spent a record AUS$964 million on exploration in the fourth quarter of 2021, according to latest research which is encouraging analysts to liken the current conditions to those seen during the mining boom of 2010. Total capital raising also broke a record in...
Lynas Rare Earths posted record revenue in the second quarter of the Australian financial year, based on rising demand for the metals and minerals required for the global clean energy transition. The ASX company’s revenue jumped nearly 70% to US$145.56 million for the December quarter. Lynas...
Despite a period of disruption since the arrival of the COVID-19 pandemic, Australia’s mining and resources sector is continuing to provide stability as profits extend their record-breaking run. According to latest statistics, more than 11% of Australia’s economic activity comes from mining and resources. This highlights...
The International Mining and Resources Conference (IMARC) has announced a partnership with the Indigenous Women in Mining and Resources Australia (IWIMRA) – becoming the first Australian resources event to partner with a First Nations group. The partnership aims to foster stronger connections between First Nations communities...
A consortium led by artificial intelligence-based geological data analytics company OreFox has secured significant funding via the Queensland METS Collaborative Projects Fund that will assist mineral resource discovery at a historic Queensland mine. OreFox is working with ASX-listed QMines Limited and Ironbark Marketing to deploy its...
A new survey of over 450 Australian mining executives has found that mine electrification is widely expected to take place over the next 20 years, in one of the most pressing transformational imperatives for the industry. Around 89% of respondents in the State of Play’s 2021...
The Australian Government has announced that it will contribute A$100 million to extend the Junior Minerals Exploration Incentive four more years. The programme seeks to assist eligible junior mining companies access tax incentives to attract new investors. To date, the Junior Minerals Exploration Incentive has supported...
Australia’s government has unveiled a 10-year roadmap that will boost the nation’s mineral processing capacity, as part of a plan to challenge China’s position as the world’s top supplier of products key to the clean energy transition. The Resources Technology and Critical Minerals Processing Roadmap includes...
Day two of Mines and Money Online Connect EMEA delivered another jam-packed day of virtual networking, lively discussions and informative presentations from resources companies around the world. Following in the footsteps of day one, Wednesday’s sessions were broken down into morning, afternoon and early evening...