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The Mine of the Future

The mining industry is in a crisis. The failure to get the policy, legislative, administrative and operating environment right is being compounded by a recline in resource demand and resulting excess capacity, weakening prices and increasing volatility. Many also need to mine deeper to reach new deposits, which is resulting in a significant increase in the cost of extraction and these costs are forcing mining companies to make difficult decisions to sustain short-term operations, while still adhering to long term objectives. What’s more, advanced technologies are severely impacting the broader industry albeit in a seeming unrelated way. Emerging products and services require new materials which is changing the mix in the demand for minerals and metals and this is expected to continue. This of course has long term implications for the demand for primary resources. And for the foreseeable future, this state is the ‘new normal’.

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Glencore completes Acquisition of voting Shares of Volcan Compañia Minera S.A.A.

Glencore refers to its announcement of 3 October 2017, in which it announced that it intended to make an offer to all of Volcan's shareholders via a public tender offer or oferta pública de adquisición de acciones subject to the laws and regulations of the Republic of Peru for up to 48.19% of the total class A common shares of Volcan at an offer consideration of US$1.215 per class A common share ("Offer").

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Resources Sector calls for strong Voice from next Queensland Government

The Queensland Resources Council (QRC) is calling on the next State Government to be a strong voice for the sector and the 309,500 full-time employees it supports. QRC Chief Executive Ian Macfarlane said the resources industry underpins the economic prosperity of the state, and a government supporting the sector both inside and outside the Parliament would see more investment for regional economies.

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Cimic's Thiess awarded BMA Mining Service Contracts

Cimic Group’s global mining services provider, Thiess, has secured two contracts with a combined revenue of $440 million to provide mining services at BHP Billiton Mitsubishi Alliance’s (BMA) Caval Ridge and Peak Downs coal mines in Queensland’s Bowen Basin, Australia.

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