australia

Australian corporate watchdog goes after Merlin Diamonds

ASIC has for months been probing how Merlin Diamonds has loaned A$13 million of investor money to a private company, AXIS Consultants, which has long been associated with the miner’s chairman and his family.

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Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.

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World’s largest hard rock lithium mine to get bigger

Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of Greenbushes mine, in Western Australia.

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Rio Tinto and Caterpillar join forces to build intelligent mine in Western Australia

The Koodaideri mine will be receiving a supply of mining machines, and automation and enterprise technology systems.

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Newmont Goldcorp to account for 7.1% of global gold output this year

The world’s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal in 2019.

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