News in Numbers

According to the Australian government, companies invested $8.32bn into the country’s mining sector in the fourth quarter of 2022.

Ford, Vale and Huayou will invest $4.5bn into the Pomalaa Block HPAL nickel plant in Indonesia, which will have a capacity of 120,000 tonnes per annum.

Pralhad Joshi, India’s minister for coal, has announced that the country will have enough coal reserves to begin exporting the fuel by 2026.

China’s coal imports last year exceeded 263 million tons, prior to a recent lifting of a de facto ban on importing Australian coal.

Newmont Exploration will spend $1.34m on a magnetic survey at Legacy Minerals’ Bauloora gold project, as part of a deal between the companies.