BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.

All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high-grade iron ore deposit in Guinea

Minerals exploration and development company Western Mines has secured a new funding facility to advance drilling at the Mulga Tank nickel/copper/cobalt/platinum group elements (PGE) project in Western Australia’s Eastern Goldfields.

The Queensland government has granted Queensland Pacific Metals an A$8-million grant to advance its Townsville Energy Chemicals Hub (TECH) project towards investment readiness.

Australia’s IGO Ltd said on Tuesday it would record a non-cash impairment charge against its nickel exploration assets for fiscal 2024, though the move will not impact the company’s operating profit for the year.

Market Prices of Important Means of Production in Circulation, July 1-10, 2024.

This year, finished steel production is expected to hit 30 million tons, reflecting a 7 percent rise from 2023, said the association.

According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.