Greater Asia home to half of the world’s biggest mining companies

With Indonesia-based coal-mining company PT Bayan Resources now the world’s 40th largest-listed mining firm by market cap, the greater Asian region – including Australia and the Middle East – is currently home to almost half of the planet’s 40 biggest players, which collectively pulled in revenues of $683 billion last year, according to the an annual industry report from professional services firm PwC.

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Looming geoscientist shortage a threat to Australia’s mining future

Australia’s future mineral exploration and mining growth faces a brain drain over the next 10 years as up to a third of the country’s geoscientists face retirement – taking with them skillsets and knowledge potentially not being replaced by newly introduced university courses.

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PT Freeport Indonesia set to power its expansion

Wärtsilä Corp. has confirmed it received a contract order from PT Freeport Indonesia for a 128-megawatt power plant to provide flexible baseload power to its mine expansion project in Indonesia.

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China has impact on global iron ore market

There are signs of concern in China about the sustained rally in iron ore prices, according to a Reuters report. The Dalian Commodity Exchange (DCE) fired a warning shot across the bows of investors in the main domestic exchange for iron ore, reminding clients to trade rationally amid market uncertainties.

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