Tag: mining
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The real cost of Trump’s critical minerals ‘deal’
Prime Minister Anthony Albanese’s $13-billion critical minerals deal with Donald Trump has been touted as a huge win – one that strengthens our relationship with our most powerful ally – and delivers massive US investment in our national interest. But while Australia and the US talk it up as a blow to China’s stranglehold on…
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The global race is on to secure critical minerals. Why do they matter so much?
Critical minerals are having a moment. Prime Minister Anthony Albanese is at the White House to talk up Australia’s rich deposits with President Donald Trump. China, which has a global stranglehold on rare earth elements, recently imposed new export restrictions, much to Trump’s annoyance. It’s clear there’s an era of global competition underway. Critical minerals…
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Trump, Albanese sign critical minerals deal
US President Donald Trump has hailed his friendship with Prime Minister Anthony Albanese during successful talks at the White House, despite an awkward moment involving ambassador Kevin Rudd. The two leaders signed an agreement on rare earth and critical minerals during a bilateral lunch in the White House cabinet room. “This is an $US8.5 billion…
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SA miner’s ‘Horse Heaven’ boon ahead of Trump meeting PM
Prime Minister Anthony Albanese is set to meet with US President Donald Trump on Tuesday and Australian officials have been laying the groundwork for a potential critical minerals deal with the US, which is hoped could be used as leverage for a tariff exemption. Resources Minister Madeleine King and Industry Minister Tim Ayres were set…
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‘Generational opportunity’: BHP’s bold $840 million copper splash
BHP announced its new investment would trigger huge future growth of the SA copper province at the company’s Olympic Dam mine 560 kilometres north of Adelaide at a press conference attended by Premier Peter Malinauskas, Treasurer Tom Koutsantonis and three federal ministers. Building a new access tunnel, a more extensive underground train network with six…
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Early closure looms for Queensland’s coal-fired power plant
One state’s largest and oldest coal-fired power station could be shut down within four years, dramatically expediting the timeline for the plant’s closure. The owners of Gladstone Power Station in central Queensland, announced on Wednesday the plant might be retired as early as March 2029, six years ahead of schedule. While no final decision had…
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Political heavyweights in SA for major BHP announcement
Premier Peter Malinauskas and Treasurer Tom Koutsantonis are at Olympic Dam today for a major announcement from mining giant BHP expected to centre on its world-class copper resource. Others to have flown to the site include Federal Trade Minister Don Farrell, Resources Minister Madeleine King and Industry and Innovation Minister Tim Ayres, as well as…
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‘Collateral damage’: Hundreds more mining jobs axed
Mining communities fear they may become “collateral damage” in a coal royalty dispute after hundreds more jobs were lost in the resources sector. Anglo American Australia became the second mining giant in as many days to announce layoffs in Queensland, with up to 200 jobs believed to be affected. The news comes after the BHP…
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‘Had enough’: Calls for end to coal royalties debate
A community is reeling after its long running mine was mothballed with claims it has been caught in the crossfire of a state’s coal royalties debate. A mayor has called on the Queensland government to sort out the royalties issue, saying her region has “had enough” after being hit hard by a mining giant’s announcement.…
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Mining giant to axe jobs and mothball mine
The Saraji South mine in the Bowen Basin will be placed into care and maintenance from November. The BHP Mitsubishi Alliance said while the 50-50 joint venture company didn’t want to see operations paused or jobs lost, the state’s coal royalty scheme was causing issues. “These are necessary decisions in the face of the combined…