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Australia grants further $257 mln for Iluka's rare earths refinery amid cost blowout

Australia grants further $257 mln for Iluka's rare earths refinery amid cost blowout

Image credit: Iluka resources (available on www.iluka.com) Australia will grant an additional A$400 million ($257.20 million) loan to Iluka Resources (ILU.AX), opens new tab to develop its rare earths refinery in Western Australia, which will also see the critical minerals miner shell out more money than committed. Iluka on Friday said the federal government is granting the […]

Rio Tinto and Sumitomo Metal Mining to partner on Winu copper-gold project

Rio Tinto and Sumitomo Metal Mining to partner on Winu copper-gold project

Rio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia. Under the Term Sheet, which includes exclusivity obligations to work towards a binding Definitive Agreement, Rio Tinto will continue to develop and operate […]

Virtual reality: a revolution in mining

Virtual reality: a revolution in mining

Introduction Technological development has taken off in leaps and bounds in recent years, and the many innovations are proof of this. Technological progress is an important criterion for global economic development (StrzaĹ‚kowski et al., 2024). Mining companies aware of the challenges of the modern world are using these innovative technologies not only to increase their […]

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