Coal's critical role in Queensland’s economy
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METS Insight: State of Mining Review into 2025
Australia is recognised as the world leader in mining equipment, technology, and services (METS) across many different commodity segments and technology platforms. As the second-largest centre of exploration just behind Canada, this is hardly a surprise.
The mining and METS sectors combined contribute an estimated 15% of Australia’s GDP, creates more than 1.1 million jobs, and supports many regional and remote communities. Of those jobs, METS businesses employ 300,000 people directly.
As Australia’s resources sector evolves, it remains at the forefront of global mining excellence within all facets, setting benchmarks for other countries and industries to follow.?
METS Insight: Australia 'punching above its weight'
Australia’s mining and METS (mining equipment, technology, and services)?sector continue ‘punching above its weight’ and contribute an estimated 15% of Australia’s GDP, creating more than 1.1 million jobs, of which METS businesses employ 300,000 people directly.
As part one of the METS Insight: State of Mining Review discovers, Australia is a major centre of exploration, however it experienced a 29% reduction in drillholes to 18,196 last year, according to Hays Mining Industry Report Australia FY24-25.??
Ahead of the International Mining and Resources Conference (IMARC ) in Sydney on 29-31 October, Mining.com.au in part two again canvasses the whole spectrum of the market – from executives of billion-dollar listed companies to privately held startups trying to get a foothold in the industry.
METS Insight: State of standards and safety in mining
Mining.com.au is exploring some of the important trends from 2024 that are shaping the mining equipment, technology, and services (METS) industry heading into 2025.
As the second-largest centre of exploration – just behind Canada – Australia is recognised as the world leader across many different commodity segments and technology platforms.
Ahead of the International Mining and Resources Conference (IMARC ) in Sydney on 29-31 October, a four-part METS Insight: State of Mining Review series is being published with insights from the whole spectrum of the market – executives of billion-dollar listed companies to privately held startups trying to get a foothold in the industry.?
METS Insight: Has Australia got talent?
The resources and mining equipment, technology, and services sectors combine to contribute an estimated 15% of Australia’s GDP, creating more than 1.1 million jobs, of which METS businesses employ 300,000 people directly.
In this final edition of the METS Insight: State of Mining Review series, Mining.com.au looks at talent acquisition and the skills labour shortage. Despite being a major employer, closing the digital skills gap and upskilling the mining sector’s workforce is emerging as both its biggest challenge and opportunity.
Australia’s mining and METS sectors are facing heightened competition for recruiting talent from neighbouring regions, such as New Zealand, Papua New Guinea, and Southeast Asia, where demand is increasing.
Recent stories
Ragnar Metals: Winner takes it all in Sweden
Sweden is best known as a highly progressive modern country blessed with picturesque landscapes, abundant forests and lakes, and for its eco-friendly technology.
While some might be surprised that well-known brands such as IKEA, Spotify, and Volvo are Swedish, perhaps its most famous export is ABBA – the Stockholm pop group that dominated the world in the 1970s.?
What many people may not know is that Sweden has a vibrant mining sector dating back to the Middle Ages. According to the Sveriges geologiska unders?kning – Geological Survey of Sweden (SGU), the oldest known mining laws date back to the 1300s.?
Scandium Canada hunts for prime plant location
Scandium Canada (TSX-V:SCD) is investigating alternate locations in Canada for its proposed hydrometallurgical plant designed to convert scandium concentrate into scandium oxide.
The Québec-based technology metals company has visited sites in Wabush, Labrador City, and Fermont over the past few days.
Scandium Canada says it will continue its efforts to identify and secure an ideal site for this major plant, so that it can be incorporated into the Prefeasibility Study (PFS) required to advance the project to the next stage.
Mercedes-Benz closes 'battery material loop' with Neometals
German car giant Mercedes-Benz has opened the first battery recycling plant in Europe which will utilise technology developed by Australian company Neometals (ASX:NMT).
The new plant – which is located in Kuppenheim in Germany – will recover key materials such as lithium , nickel , and cobalt and has an annual capacity of 2,500 tonnes.
The recovered materials will be used to produce more than 50,000 battery modules for new all-electric Mercedes-Benz models.
Silver Tiger leaps ahead with ‘robust’ economics
Nova Scotia-based Silver Tiger Metals (TSX-V:SLVR) is confident it can now move quickly to advance its El Tigre Silver-Gold Project in Mexico following the outcome of a Prefeasibility Study.
The PFS focused on the conventional open pit mining economics of the Stockwork Mineralisation Zone which is forecast to have a net present value of US$222 million and an internal rate of return of 40%, with a two-year payback period.
This is based on a 10-year operation recovering 43 million silver equivalent ounces, or 510,000 gold equivalent ounces, comprising 9 million silver ounces and 408,000 gold ounces.
Gold, silver rally a hedge against ‘Red Sweep’ in US election
The steep rise in precious metals prices this year has been by turns impressive and baffling.?
Over the last week, gold has surged to a new record of almost US$2,740 ($4,130), representing a 12-month increase of nearly 40%. Silver has done the same, rising 50% over the last year to a 12-year high of US$33.89.
This, despite rising yields and a stronger US dollar. According to Danish investment firm Saxo Bank, the 10-year US Treasury yield has risen 17 basis points over the last week to 4.2%, while the Bloomberg Dollar Index gained 0.6%.?
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Navarre raises full $6 million ahead of schedule
Victoria-focused gold explorer Navarre Minerals (ASX:NML) has raised the maximum $6 million it was targeting in its recent capital raising, which has facilitated the early close of the public offer.
The junior explorer actually received applications for $9 million worth of shares for the public offer, while over 300 existing shareholders participated in the priority offer.
Navarre was aiming to raise $4 million under the priority offer and a further $2 million under the public offer, with both priced at $0.10 per share.?
Burley Minerals reeling in benefits of 'nearology'
Burley Minerals (ASX:BUR) is seeking to capitalise on its Cane Bore Iron Project being situated in a known mineral belt with established infrastructure near established producers.
Known as ‘nearology’, CEO Stewart McCallion tells Mining.com.au , focusing where geological conditions have led to the formation of the known mineralisation means it also could be present nearby is an advantage for the iron ore minnow.
Additionally, Burley can take advantage of factors from established players like Mineral Resources (ASX:MIN) and Rio Tinto (ASX:RIO) such as power and water supply, roads and railway, and historical geological data.?
Australia’s 3:1: Prosecutions ratio for workplace injuries vs fatalities
Australian companies are three times more likely to be prosecuted for a worker being seriously injured on the job than if someone is killed.?
In 2023, there were 145 prosecutions for serious injuries and only 45 for work-related fatalities. This is in line with the four-year national average where from 2020 to the end of 2023, some 557 prosecutions were launched for serious injuries in Australia compared to 185 prosecutions for workplace fatalities.
This only takes into account serious injuries and does not include the additional prosecutions for minor, unknown, or ‘none’ recorded injuries.
Precious metals road ahead ‘guesswork’: Saxo
The continued precious metals rally is ultimately forcing many to get involved, with ever-changing record prices meaning forecasts are increasingly coming down to “guesswork and the round numbers game”.?
This is according to Saxo Head of Commodity Strategy Ole S. Hansen. who highlights the precious metal market has witnessed an unprecedented “strong uptrend” over the past year, with gold and silver both trading up almost 40%.
“The bullish drivers throughout this period are numerous, with the most important being the risk of fiscal instability, safehaven appeal, geopolitical tensions, de-dollarisation, uncertainties surrounding the US presidential election, and now also rate cuts (not just by the Fed, but other central banks as well) reducing the cost of holding non-interest-paying investments in gold and silver,” says Hansen.
Delta seeks alpha status in mining’s clean technologies space
Power and thermal management solutions provider Delta Electronics is unveiling a slew of new innovations to support the mining sector and the road to net zero at the All Energy Expo in Melbourne being held today and tomorrow (24 October).?
Speaking to Mining.com.au ahead of the event, Australia Country Manager Tom Hew says these innovations include a new lithium ferrous phosphate (LFP) battery container, an all-in-one energy storage system, and a prototype of Delta’s Solid Oxide Fuel Cell (SOFC) hydrogen technology.?
“We believe we’ll be showcasing some of the best technology this year,” Hew tells this news service.?
GTI Energy: Data centres a key nuclear demand source
How Guinea's Bauxite ban is boosting Metro Mining
Key Highlights:
Navarre Minerals: Victoria’s gold rush renaissance
In this interview, James Gurry, Managing Director of Navarre Minerals (ASX:NML), discusses the company's upcoming return to the ASX in mid-November, and new exploration plans for 2025. With fresh drill programs set to begin at the Tandarra and Stawell Corridor projects in Victoria, Navarre is gearing up for a busy year ahead.
Gurry highlights the company’s advanced projects, including the existing JORC resource and exploration targets, while also shedding light on the revitalised team and strong funding position. Don't miss out on how Navarre Minerals is contributing to the Victorian gold rush renaissance. Watch now for a deep dive into the company’s projects and upcoming milestones!
Faraday: Vision to grow Copper Creek’s open pit resource
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Innovative approach to rare earth production | ABX Group’s Mark Cooksey on Deep Leads Project
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Terra Uranium: ATHA Energy, Axiom, and the Athabasca Basin
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Scandium Canada: ‘Spreading the good news’ Down Under
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Also Featuring: Paul House and the team at IMDEX Cherylyn Russell and the team at Russell Mineral Equipment Andrew Grant and the team at Talent Blue Tom H. and the team at Delta Electronics
Executive Chairman MWG Mining Group (Mining Pro, Tonnes+ & IMSW) | Co-Founder MPX & Ortus Mining Capital | Chairman Wechsel Enterprises, JMC, Black Rock Accommodation & IMO | Mining Industry Advocate & Investor
3 周Coal certainly does play a critical role in Queensland’s economy. Let’s hope the new government strongly supports the industry that underpins Queensland!
HR Manager
3 周BHP might now feel they can invest in QLD again