AUSTRALIAN technology that provides new knowledge on ore bodies and associated alteration rapidly and cost-effectively could soon benefit the global mining industry through a commercialisation deal. CSIRO’s advanced mineral analysis and logging technology HyLogger has been licensed to Australian company Corescan, which operates a global network of hyperspectral mineralogy labs.
INCREASING political uncertainty and rising geopolitical risk are providing strong support for gold in the short term, despite the spectre of higher US interest rates, according to the ANZ Bank. These factors could see prices push past US$1300 per ounces over the next 12 months.
RESEARCH from BDO shows there has been a broad recovery in the resources sector, highlighted by a resurgence in the number of initial public offerings (IPOs) and another expected increase in cash outflows for the June 2017 quarter.
CONSULTING firm PwC believes the bad and the ugly are over and the good is returning to the mining industry. In a report, PwC says the world’s Top 40 miners recovered from a race to the bottom in 2016, with bolstered balance sheets and a return to profitability giving them much-needed space to pause and draw breath.