The Rixon news feed is a great way to catch-up on what has been happening around WA. We regularly update our feed with a collection of market and property related articles from a variety of news sources.
Fortescue Metals Group is preparing to meet changing Chinese demand for iron ore with its new West Pilbara Fines product.
In light of recent falling iron ore spot prices, there has been an increasing trend among Chinese iron ore buyers for lower- and mid-grade product.
The iron ore spot price for high grade 62 per cent fines has plunged in the past two weeks from $US72.50 ($98.62) to $US63.74 in part due to a growing Chinese preference for lower-grade ores for steel manufacture.
Mining was a key contributor to Perth’s improving gross domestic product (GDP) in 2017–18, but the city requires “alternate sources of economic growth”, according to a report by SGS Economics and Planning.
This growth was driven by a boost in the health care, financial, and manufacturing, construction and mining industries.
Lithium Australia (ASX: LIT) has locked the booming European battery market in its sights, with the company saying its world-first breakthrough technology of producing lithium-ion batteries from mine waste would work on ore from its German-based Sadisdorf project.
Only last week, Lithium Australia’s wholly owned subsidiary VSPC used its proprietary SiLeach process to generate tri-lithium phosphate from mine waste, which was a lithium mica material recovered from waste in Western Australia’s Kalgoorlie region.
The tri-lithium phosphate was then converted to a lithium-iron-phosphate cathode material at VSPC’s lab in Queensland.
Decmil Australia has won a contract extension to help BHP bolster its iron ore operations at the $US3.4 billion ($4.6 billion) South Flank project and Mining Area C in the Pilbara.
The extension includes the upgrade and expansion of the existing Mulla Mulla Village, including refurbishing, relocating and installing 632 additional rooms.
