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Pandemic to worsen copper glut in coming months
A global copper surplus currently in the making is expected to get worse over the next 18 months as market disruptions have created greater uncertainty in the factors affecting supply and demand for the metal, a market’s insider report shows. According to the...
Fortescue selects Downer for $450m Eliwana contract
Fortescue Metals Group has again contracted Downer to complete works at the Eliwana iron ore project in Western Australia, this time for early mining and maintenance services. It will be Downer’s second Eliwana project package, having been awarded a contract for the...
Novo makes new discovery at Pilbara gold project
Novo Resources announced on Tuesday it has discovered a broad gold-bearing swale in the northwestern part of its Egina mining lease in Australia’s Pilbara region. The discovery is situated a few hundred metres west of the swale that was the subject of extensive test...
New Century eyes Vale’s New Caledonia mine
Australia’s New Century Resources has confirmed rumours of talks with Vale to buy the Brazilian miner’s nickel and cobalt operations on the Pacific island of New Caledonia. The Melbourne-based zinc producer said on Tuesday it had entered into a 60-day exclusivity...