The realization that China’s property bust is beginning to look semi-permanent isn’t welcome for big miners, which have long fed off the country’s housing demand. Indicators of China’s copper demand growth, particularly imports of copper ore and concentrate, still look solid—no surprise given the huge EV and green-power boom. The property market made up only 27% of China’s finished steel …
Australia's largest solar project has reached a major milestone — agreeing to sell all its electricity to mining company Rio Tinto. Key points: Rio Tinto has signed on to buy all the electricity produced from a proposed large-scale solar farm If approved, the farm will span 2,700 hectares near Gladstone, and construction will start in 2025-26 A nearby grazier is …
New York CNN Business — Heliogen, the Bill Gates-backed clean energy startup, is bringing its field of mirrors to the Mojave Desert. In a bid to bring carbon-free power to heavy industry, Heliogen announced Wednesday that mining behemoth Rio Tinto plans to deploy the startup’s breakthrough solar technology at California’s largest open pit mine, located in Boron. “Heliogen’s breakthrough is …
You never know what you might find until you look hard enough. Australia has officially been on the nose with the Beijing leadership for several years, ever since former Prime Minister Malcolm Turnbull called out China's attempted interference in the Australian parliament and Beijing's steady incursions into our universities. Around 80 per cent of Australia's iron ore exports are sent …
