Author Archives: transtainer

07 Jul

BHP billion: Japanese iron ore milestone met

Australian mining giant BHP Billiton has marked a significant milestone in its iron ore mining and export program in WA. Jimmy Wilson, BHP’s president for iron ore, joined marketing and technology president Mike Henry in Port Hedland where they met with representatives from joint venture partners ITOCHU and Mitsui to mark the billionth tonne of

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04 Jul

Public outrage at Glencore tax tactics

Three classic public gripes are at the fore of a heated war of words between the Sydney Morning Herald, coal miner Glencore, and the Australian public, over how much tax the mining giant is (or isn’t) paying. A producer and marketer of a variety of mined and agricultural commodities on the global scene, Glencore’s core

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12 Jun

5 juniors set to jump on graphene bandwagon

Graphene is billed as the thinnest, strongest, and most malleable material ever developed, and experts are abuzz over its potential uses in electronics, biological engineering and other industries. But graphene comes from graphite, a mineral with a global production of just 1.1mtpa. Here are five Australian juniors poised to jump on the booming demand for

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11 Jun

Metal ore mining profits dropped 40% in FY13

Latest figures from the Australian Bureau of Statistics show profits for metal ore miners in Australia dropped by more than $20bn in the 2012/13 financial year.   Key stats on mining operations released yesterday by the ABS reveal that after recording $50.6bn in operating profits before tax in the 2011/12 financial year, metal ore miners

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09 Jun

Garnaut sees declining Chinese coal consumption

Just when the Australian coal industry thought things couldn’t get any worse, renowned China expert and economist Ross Garnaut has predicted that China’s coal consumption will fall at an average annual rate of 0.7% from now to 2020.   The Australian Financial Review contrasted Garnaut’s gloomy forecast to China’s previously booming demand, which saw its

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06 Jun

Blundstone’s mining boot a step ahead

A new waterproof, hard-wearing safety boot manufactured specifically for the mining industry has taken out the NSW Minerals Council’s health and safety innovation award.   Manufactured by Hobart-based footwear specialist Blundstone, the 980 Underground Mining Boot is a 350mm-high waterproof mining boot which was designed through consultation with workers at Centennial Coal. The manufacturer explains:

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05 Jun

Alliance forms for UAS training

Positioning and machine control systems specialist Position Partners has announced an exclusive alliance with the Australian Unmanned Systems Academy (AUSA) to deliver Remote Pilot Aircraft System training.   Unmanned aerial systems are used in mining for a number of purposes, but most prominently are used in exploration and planning. To operate an unmanned aerial system

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20 Apr

Plantman launches semi-autonomous drill rod handler

WA-based plant hire business Plantman Equipment has launched a semi-autonomous drill rod handler, which it says significantly reduces one of the biggest safety risks in blast hole drilling operations. Plantman’s Mack Metroliner 8×4 Crane Truck is fitted with a semi-autonomous drill rod handler, eliminating the need for any manual handling of drill rods. The system

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19 Apr

Re-refiner urges miners to do the right thing

It’s one of the mining industry’s dirty little secrets. Away from the self-congratulatory puff of their sustainability reports, miners burn millions of litres of used lube oil every year, lube oil that could be re-refined and re-used. Waste oil refiner Southern Oil and its partner J.J Richards & Sons, which have just spent $55m on

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18 Apr

Glencore Xstrata sells Las Bambas copper project

Glencore Xstrata has sold its Peruvian copper mine project Las Bambas for US$5.85bn, after the Chinese government compelled it to do so following the merger of Glencore and Xstrata in 2013. A consortium consisting of MMG Limited (62.5%), GUOXIN International Investment Corporation Limited (22.5%) and CITIC Metal (15.0%) has agreed to buy Las Bambas for

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