- Write by:
-
Wednesday, March 4, 2020 - 12:18:46 PM
-
552 Visit
-
Print
Mining News Pro - New data collected by Geoscience Australia has shown dramatic increases in critical mineral resources in Australia, including tantalum, lithium and rare earths.
According to Mining News Pro - The data was collected from the mining industry in 2018, and also shows that Australia continues to be a global leader in mineral exploration and production.
Minister for Resources, Water and Northern Australia Keith Pitt said Australia’s mineral sector continues to play a significant role in the economic prosperity of all Australians.
“The boost in our critical minerals resources is the most significant change to the national minerals inventory. The data shows that our resources of tantalum rose by almost 80% and lithium by nearly 70% in the preceding 12 months.
“We also saw our resources of both platinum group elements and rare earth elements increase by 26% in that time.”
Pitt noted that these critical minerals were integral to the production of mobile phones, liquid crystal display screens, microchips, magnets, batteries and the new and emerging technologies that will drive the economy and innovation into the future.
The increase in resources is consistent with the data published by the Australian Bureau of Statistics, which has shown a continuing increase in expenditure on mineral exploration.
Short Link:
https://www.miningnews.ir/En/News/497200
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and ...
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the ...
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
No comments have been posted yet ...