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Australian shares end lower as tech stocks drag; focus on U.S data - ZAWYA

Iron ore behemoths BHP and Rio Tinto fell nearly 1.3% and 0.2%, respectively. Financial stocks jumped 0.5% and were the only gainers on the benchmark, with three of the big four banks ending in positive territory. Commonweath Bank of Australia slipped 0.3% after saying spiralling cost-of-living pressures had started to hit consumer confidence.

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BHP eyeing more iron ore mining jobs cuts in Australia | Reuters

SYDNEY (Reuters) - BHP Billiton is looking at more job cuts at its flagship Australian iron ore division as a way to reduce costs, as ore prices slump and pressure mounts to rein in spending. A...

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Metals News (Industrial Metals) - NewsNow » Latest News

Australia's Fortescue annual profit falls 40% on weak iron ore prices Reuters 19:31 28-Aug-22 Fortescue Metals to Pay A$1.21/Share Dividend MarketWatch 19:12 28-Aug-22 Mineral Resources FY Net Profit A$349.2 Million, Down 72% On-Year MarketWatch 18:52 28-Aug-22

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Industry news - Mine Australia | Issue 15 | January 2021

Currently, the country relies on imports for nearly 80% of its iron ore. However, there is no certainty on how much of that is from overseas mines in which the country owns stakes. China has domestic iron ore mines with a much lower grade compared to top producers like Brazil and Australia. The country owns a stake in Guinea's Simandou mine.

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Global Wrap: COVID-19, Rio, Barrick and more - MiningNews

"An immaterial cost increase is expected due to additional logistics," it said. Vale last month maintained 2020 iron ore fines production guidance of 340-355 million tonnes, but cut March quarter guidance by 5Mt to 63-68Mt on account of bad weather. The Malaysian terminal handled 23.7Mt of iron ore shipped in 2019.

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Buying Now, China Eyeing The Long Play | PE Hub

SINGAPORE (Reuters) - China, which triggered the biggest commodity price spike in a generation, is now making deals that could prevent another surge in the coming decade by helping finance new ...

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Today's Market View - Alien Metals, Beowulf Mining, Chaarat Gold, and ...

The gold price recovered from $1,699/oz to hit $1,722/oz as the dollar cooled from its 20-year highs. The bounce was aided by US 10-year yields sliding from 3.339% to 3.264%. Gold prices have been supressed by a soaring dollar amid the Fed's concerted efforts to tame inflation with aggressive rate hikes.

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Polymetal eyeing more gold investments; Steelmakers fail to agree on ...

In today's Daily Dose: Polymetal International is looking to acquire more gold assets; steel industry fails to reach an agreement to curb global steel overcapacity; and Rio Tinto posts 13% year-on-year increase in first quarter production in iron ore and cuts 2017 guidance.

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Bhp Billiton Nickel West . Company profile Australia. See Bhp Billiton Nickel West's products and customers. Thousands of companies like you use Panjiva to research suppliers and competitors. IE 11 is not supported. For an optimal experience visit our site on another browser.

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BHP cuts copper outlook on rising COVID cases, blockades at ... - Yahoo!

Apr 21, 2022(Reuters) - BHP Group Ltd cut its annual copper production outlook on Thursday as operations at its Escondida project in Chile were impacted by labour shortages due to rising COVID-19 cases, while...

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BHP's Nickel West division will supply an undisclosed amount of the mineral from its mines in Western Australia. The two companies also [] Nickel West has historically been a tiny fraction of BHP's overall business, dwarfed by its iron ore, copper and petroleum businesses. - The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a ...

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Australia, NZ shares turn lower as Myer tumbles 17 pct

The benchmark edged up 0.1 percent on Wednesday but was still down 3.5 percent for the week, pulling closer to a two-year low of 4,928.3 touched late August. Sentiment remained fragile in large...

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FKLI and FCPO Futures Corner - Bursa Malaysia: Jul 18, 2012

A place for all traders and investors of Futures Markets.

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The Western Australian Government has welcomed a BHP initiative to train and employ 200 train drivers over the next three years. The program aligns with the State Government's WA Jobs Plan - which focuses on preferencing local jobs, reducing interstate FIFO, enhancing TAFE and training, and creating jobs in regional Western Australia ...

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Automation emerges as new frontier in coal jobs debate

Sep 29, 2021BHP has been searching for a buyer for its Mt Arthur mine for over a year, recently slashing its value to negative $290 million. "The closing bell's rung and the sensible patrons have left, a few of the patrons have rushed to the bar and ordered 10 schooners before closing time," Mr White said. 'Without mining we have nothing'

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The Oil Drum | DrumBeat: March 4, 2008

Australia wheat crop seen doubling, more iron ore CANBERRA (Reuters) - The wheat crop in Australia, the world's second biggest exporter, could double this year to near its biggest ever, a top government body forecast on Tuesday, helping ease anxiety about a world shortage of staple grains.

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BHP has earmarked about $2 million per month during 2016 and 2017 for making improvements at Nickel West.Nickel West gets much of the concentrated ore it uses to feed its 100,000 tonnes-per-year Kalgoorlie nickel smelter from its nearby Mount Keith mines and has also contracted with other miners operating in the region for additional feed.. The mine is located on the north end of the 800 ...

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RPT-FEATURE-Miners take 'rail-veyors' and robots to ... - reuters

Over the next decade Canada's mining sector will need more than 100,000 skilled new hires to sustain even modest growth, according to the Mining Industry Human Resources Council. In Australia, the...

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Quiz: Do you know the country these companies are from?

There are companies rich in mining or oil found on the list, whose names you might not recognize but whose products reach almost 200 countries. There are also names like the producer of Super Mario, the preferred cosmetics of Viola Davis, and the car company whose name is taken after "the god of harmony, intelligence, and wisdom ...

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Mining giant BHP has announced plans to build two new solar farms and a battery energy storage system to help power its Nickel West operations in Western Australia's Goldfields region, and cut. The West Australian Aug. 3, 2022, 12:21 AM Asset president Jessica Farrell says the company is gearing up for a 200 to 300 per cent increase in demand ...

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ASX to open higher after Fed - Australian Financial Review

Market highlights. ASX futures were up 6 points or 0.1% to 6676 near 7.15am AEDT. AUD +0.5% to 69.01 US cents; On Wall St at 4pm: Dow +0.4% S; &P 500 +0.3% Nasdaq +0.3%; In New York: BHP -0.7% Rio ...

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battery for electric truck haul: Fortescue taps Williams Advanced ...

Fortescue, the world's fourth-largest iron ore miner, aims to work with WAE to develop battery electric solutions. Fortescue Metals Group said on Monday it will buy an engineering and battery company, founded by Williams Formula 1 team, for 164 million pounds ($222.2 million) in the Australian miner's push to decarbonise its fleet and equipment.

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Indian steelmaker JSW in talks to buy London Mining - Yahoo!

By Krishna N Das and Karen Rebelo NEW DELHI/BANGALORE (Reuters) - India's third-largest steelmaker, JSW Steel Ltd, is in talks to buy embattled West African iron ore miner London Mining, showing Indian firms' growing appetite to secure raw materials abroad, sources familiar with the matter said. London Mining was one of several junior miners set up in West Africa during the boom years on the ...

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Bhp nickel west map - ulm.unwritten.shop

TOKYO, April 25 (Reuters) - Japan's Sumitomo Metal Mining Co (SMM) 5713.T said on Monday it has decided to discontinue a long-running feasibility study on. BHP has been hinting at a deal with Tesla since last year when Mr Musk said there was a "giant contract" waiting for a company that could mine nickel efficiently and in an environmentally.

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BHP eyeing more iron ore mining jobs cuts in Australia - Yahoo!

More than 12,000 jobs in Australian coal mining have been lost since 2012, including those from BHP's mines, as the industry combats falling prices and stiff competition from countries like...

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Mining-tax question looms as Australians head to polls

Mining giants such as BHP Billiton (BHP) BHP, -0.50% and Rio Tinto (RIO) RTP, which participated in the talks that led to the compromise tax plan, appear to have done as much as they can to ready ...

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Today's Morning View - Base metals rise as Covid disrupts China ...

Iron ore prices lost around $5/t a tonne overnight as ongoing lockdowns in Tangshan and Jilin hit steel smelting. Tangshan, China's top steelmaking city, has ordered residents to stay at home as Covid cases surge. Tangshan accounts for 58% of China's strip steel output, 14% of HRC output, 49% of section steel.

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2013 Nickel Prices, Molybdenum Prices, Metal Pricing, Ferrochrome Prices

The operator is 100% owned by BHP Billiton of Australia. The mine is located near Cordoba in northern Colombia. Copper, Crude Oil Vulnerable as Optimism Dissipates - more; Iron-Ore Swaps Reach 14-Month High as China Seen Restocking - more; Aussie mining magnate accused of dividing indigenous communities - more

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Tight Market Drives Australian Companies into Deals Abroad

A new hurdle for Australia's biggest companies is China, which can review takeovers anywhere in the world involving companies that have more than 400 million yuan ($60 million) in sales in China ...

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11:26 am on 2 February 2022. By Praveen Menon. A report released by Rio Tinto on Tuesday outlined a culture of bullying, harassment and racism at the global mining giant, including 21 complaints of actual or attempted rape or.

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The West Australian Aug. 3, 2022, 12:21 AM Asset president Jessica Farrell says the company is gearing up for a 200 to 300 per cent increase in demand for nickel over the next 30 years. the Goldfields region of Western Australia. The amendment to the PPA replaces the previous contract that was scheduled to expire December 31, 2023.

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Worldwide Exchange : CNBC : August 6, 2012 4:00am-6:00am EDT : Free ...

after years of boom australia's mining industry is dealing with a potential slow down and amid gerns of china and europe. when cnbc visited northwest australia over the weekend they found a resource port operating at break neck speed and some big miners are pushing on with multibillion dollar expansion plans. matthew taylor has the report. >> .

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Trading Day: ASX rebound fuelled by US stimulus hopes, iron ore surge

BHP, Rio upgraded on iron ore optimism That's all from the Trading Day blog for Thursday, October 1. The local market ran into profit taking after an exaggerated bounce, closing up 1pc at 5872.9. On Wall Street overnight, the Dow rose 1.2 per cent, the S&P 500 added 0.8 per cent, and the Nasdaq gained 0.7 per cent.

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Risen Energy has expanded its 10-year renewable power purchase ...

Besides a cut of 2,100 jobs in Australian nickel mining, 4,000 jobs will be eliminated from BHP's global work force of. BHP's Nickel West (includes the Mt Keith nickel mine in Australia) has a Measured and Indicated Resource of 4.1Mt with a Total Resource BHP has plans to expand nickel sulphate production to meet future battery demand, with ...

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July's top stories: UK Coal administration, Freeport's Grasberg ...

Peabody Energy, the world's largest private-sector coal miner, has decided to axe 400 jobs from its Queensland and New South Wales (NSW) coal operations, in a bid to control surging costs amid declining coal prices. The decision will result in the loss of 170 existing jobs, while the remaining 230 positions would not be filled.

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ASX drops sharply, BHP dives on ex-dividend and Wall Street suffers ...

Australian shares have fallen sharply to touch their lowest level in five weeks, as mining stocks declined, while major banks tracked a sell-off on Wall Street overnight. The ASX 200 closed down...

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The lost art of written communication - Part 23 - Writer's Room

Listed mining companies paid more than R130 billion in tax over the last five years, and are on target to hand over more than R60 billion in 2021. Shareholders did even better, banking more than R176 billion in dividends since 2016 as miners benefitted from surging commodity prices and a firm grip on cost inflation.

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