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BHP agrees to sell Chilean copper mine

June 20, 2018 • Mining & ResourcesComments (0)

BHP has agreed to sell its Cerro Colorado copper mine in Chile to private equity manager EMR Capital for US$230 million. The deal will see BHP bag about US$40 in proceeds from the post-closing sale of certain Cerro Colorado copper inventory, and up to US$50 million in the future, depending upon copper price performance. BHP …

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Chevron begins LNG production from Wheatstone Train 2

June 18, 2018 • Mining & ResourcesComments (0)

Chevron Australia has commenced production of liquified natural gas (LNG) from the second train at its Wheatstone Project. Located 12 kilometres west of Onslow, the Wheatstone Project is Australia’s first third-party natural gas hub enabling future

New mine development to create hundreds of jobs in WA

June 15, 2018 • Mining & ResourcesComments (0)

The BHP Board has approved US$2.9 billion in capital expenditure for the South Flank project in Central Pilbara, WA. The project, which expands the existing infrastructure at Mining Area C, will contribute to an increase in BHP’s Western Australian Iron

Rio Tinto and Minmetals ink mineral exploration agreement  

June 8, 2018 • Mining & ResourcesComments (0)

Rio Tinto and Chinese metals and mineral trading company Minmetals have agreed to establish a 50:50 joint venture to explore for world-class mineral deposits in China. The joint venture, subject to regulatory approval, will have a registered capital of

Rio Tinto wraps up sale of Winchester South coal development project

June 4, 2018 • Mining & ResourcesComments (0)

Rio Tinto has completed the sale of its 75% stake in the Winchester South coal development project in Queensland to New South Wales based coal producer, Whitehaven Coal. According to Rio Tinto’s media statement, the $200 million transaction is

BMA sells Gregory Crinum Mine for $100m

May 31, 2018 • Mining & ResourcesComments (0)

BHP Billiton Mitsubishi Alliance (BMA), a 50-50 joint venture between BHP and Mitsubishi Development, has agreed to sell the mothballed Gregory Crinum Mine in central Queensland, to Sojitz Corporation for A$100 million. Located 60 km north east of Emerald in

Fortescue to invest $1.7bn in new Pilbara mine

May 29, 2018 • Mining & ResourcesComments (0)

Fortescue’s Board of Directors has approved the development of a new mine and rail project in the Pilbara region that will create up to 1,900 jobs during construction and a further 500 full time jobs down the line. Fortescue’s Chief Executive Officer,