No profit, falling production, inadequate maintenance, a safety plan in limbo and a big clean-up if exploration fails: challenges aplenty at the Canadian company's only offshore facility.
No profit, falling production, inadequate maintenance, a safety plan in limbo and a big clean-up if exploration fails: challenges aplenty at the Canadian company's only offshore facility.
Santos' decommissioning liability matches a quarter of its $22b value, but its disclosures to investors fared poorly against the latest accounting standards, according to an international survey.
WA is the world's largest supplier of iron ore, lithium and garnet, the second-largest for diamonds and alumina, and in the top five for cobalt, gold, rare earths and zircon.
Chief executive Bill Oplinger told Wall Street the miner had responded to all 60,000 comments on its WA expansion plans—in fact, it responded to fewer than 10, and some were unacceptable.
Battery-electric locomotive deliveries to all the big Pilbara iron ore miners are running late as heavy long-distance loads prove a technical challenge.
Alcoa has made last minute changes to its planned expansion of mining in WA's jarrah forest and wants to reenter a previously mined area, potentially triggering a new major federal environmental assessment.
The iron ore price that had held up in the economic chaos of 2020 is beginning to fall, and the worst case of $US50 a tonne would shatter government revenue just when it is needed the most.
WA’s charge into the battery minerals industry is gathering pace, with Kidman Resources and Chilean lithium giant SQM looking to build Kwinana’s second lithium refinery.
