Rio Tinto has approved a $US108 million ($146 million) investment to explore the prospect of underground mining at the Kennecott copper operations in the United States.
Newmont has increased gold production during the June quarter thanks in part to higher grades and throughput at the Boddington mine in Western Australia.
Red 5 has grown its underground resource at the King of the Hills gold project in Western Australia with a 19 per cent increase that could lead to an extension of the site’s 4.5-year mine life.
South32 is anticipating that its operating costs for metallurgical coal will be “moderately higher” for the 2021 financial year than its guidance of $US83 ($113) per tonne.
BHP expects to achieve its cost guidance for the 2021 financial year at the Western Australia Iron Ore and Queensland Coal operations after breaking production records.
Covalent Lithium is progressing construction of the Mt Holland lithium project in Western Australia after receiving final approvals from the state’s environmental watchdog.
OceanaGold plans to ramp up operations at the Didipio underground gold-copper mine within 12 months after securing a 25-year mine lease renewal from the Philippine Government.
Sandfire Resources has earned $813 million in revenue for the 2021 financial year after its copper production at the DeGrussa mine in Western Australia beat expectations.
Wood Mackenzie has forecast that lower Chinese demand will be the driving factor that causes iron ore prices to decrease by more than 10 per cent in the coming months.
The market value of the world’s top 25 metals and mining companies has declined by 6.9 per cent in June after two straight months of increases, according to S&P Global Market Intelligence data.