The minerals export has fallen by USD 1.3 billion year-over-year in May according to the National Statistics Office as the looming impact of the pandemic prolongs.
Recognized economists and financial organizations in the world are anticipating an economic downturn in the short and medium period, with prospects growing gloomier every day.
It is a serious challenge for the US to topple Chinese domination in electric car manufacturing due to a shortage in suppliers of battery raw materials.
Cyclone Veronica, which hit Western Australia last month, forced Rio Tinto to make adjustments to their 2019 work schedules.
According to some analysts, replacing Australia’s share of almost half of the total coking coal imports by new suppliers such as Mongolia and Russia could be in China’s best interest.
This time, China played its usual cards of diplomatic pretexts such as “on environmental grounds” and “quality control”.
Australia’s gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes in 1997.
The steel industry ushered in the New Year with alarming events. While a crisis for some in the mining sector, others welcomed this as an opportunity.
Despite a rapidly developing green energy sector, coal mining in China maintains strong growth. While coal mines are being shut down, thus reducing the total number of mines, import and export levels are still on the rise.
Due to the lack of systematic exploration, it is not rare to find gold mineralization that starts at the surface and boasts gold grades that average 200-300 percent of the global average grades
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Нүүрсний хямралаар ирэх нүсэр дарамтыг тэсэх үү
Өсөлт биш агшилтын тухай
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