- Write by:
-
Sunday, September 9, 2018 - 1:03:50 PM
-
1012 Visit
-
Print
Mining News Pro - Mineral exploration costs in Australia rose to the highest since 2013.
According to Mining News Pro - Mineral exploration costs in Australia rose by 26.6 percent to 563.4 million dollars in the second quarter of this year, the highest since the third quarter of 2013.
During this time, the cost of exploration of base metals also increased by 38% to the highest level since the end of the last quarter of 2012.
During the same period, the gold exploration cost was $ 223 million, the highest since the second quarter of 1997.
The total number of drilling in new reserves reached the highest level in the last 6 years, more than triple the sum of the first trimester drilling in 2016. Iron ore and coal also accounted for 51% of total exploration costs.
Australia is the second-largest producer of gold and the world`s sixth-largest copper producer, which plans to increase lithium production from 38% to 50% of global production over the next five years.
Short Link:
https://www.miningnews.ir/En/News/256776
Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by ...
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth ...
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably ...
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado ...
Australian-based Atlantic Lithium Ltd., which is developing Ghana’s first lithium mine, has taken a step toward raising ...
No comments have been posted yet ...