Gold provides glimmer of hope

GOLD provided a glimmer of hope in a tough year for Australia’s mid-tier miners, with revenue up 11% and gold’s share of mid-tier revenues growing 5%. Copper also glistened with a gross margin of 54%, making it the most profitable commodity in the sector.

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OT finance reopens Mongolia’s doors

THE US$4.4 billion project financing agreement for the Oyu Tolgoi (OT) underground mine is a global vote of confidence in Mongolia that reopens the doors to leading global banks for Mongolian projects, according to the country’s Prime Minister Saikhanbileg.

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Licence for novel leaching process

MINING and Process Solutions (MPS) has been awarded an exclusive licence for the GlyLeach Process, a leaching technology developed by Curtin University in Western Australia for leaching of base and precious metals. The rights cover Australasia, North and South America, and Asia, with options to expand to other countries upon satisfying agreed criteria.

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Mining in space no longer fantasy

MINING in space may be years away but the countdown has started and several companies are now seeking to be the first miners in space. Asteroid mining may sound like science fiction but in fact, modern-day sci-fi films such as the Alien series and Moon, and a myriad of sci-fi books use interstellar mining as a background setting for their narratives.

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