Mining Companies

Mining Companies Exports Increase

Mining Companies iMINCOMining companies Rio Tinto and BHP Billiton recently reported record iron ore production from their Western Australian, Pilbara mining operations.

This is sending the signal out that Australian miners are transitioning into increased production and an accelerated productivity improvement phase.

Rio Tinto

Rio announced record iron ore production for the first six months of 2013. The mining company has improved iron ore production output at its WA Pilbara mines by a whopping six per cent in the second quarter of 2013 as compared to the previous quarter.

Rio Tinto’s Chief Executive Officer Sam Walsh said. “Our iron ore operations continue their impressive performance, with period on period productivity improvements”
Expectation for Rio’s iron ore production target for 2013 is still the same at around 265 million tonnes.

BHP

BHP revealed it exceeded market expectations, blowing straight through its production target for iron ore and lifting production outcomes for this financial year.

The drop in the Australian dollar has also has the two big mining companies lift operating profit, although they are not out of the woods yet, there are still challenging times ahead.

“We’re seeing significant progress against our cost-saving imperative, we’ve still got some way to go but we’re heading in the right direction.” Walsh said.

A new mining wave has arrived

With resource exports overtaking construction imports, it’s shaping up for stage three of Australia`s mining activity. Export of minerals from Australian increased 11 per cent in the March quarter, while imports of construction machinery used in mining investment performed poorly. Having said that, the Australian Bureau of Statistics said Australia experienced a $5.6 billion lift in trade in the March quarter.

With rising exports and falling imports, a surplus of $367 million was achievable This was way up from the December 2012 deficit of $5.2 billion.

Mineral exports rise by $2.2 billion

Australian mining exports of iron ore and other metals increased by $2.2 billion. Miscellaneous imports of capital goods plummeted 26 per cent or after seasonal adjustments, reflects more so at $1.1 billion.

Using an academic formula based on the resources boom model, these current figures show that Australia is transitioning from mining investment to mining exports.

Australia`s exports remained strong, despite volatile prices, rebounding to $14.85 billion, which was the best month in a year.

The Bureau of Resource and Energy Economics forecasts resource exports are expected to grow 28 per cent over the next five years, which is good news for the Australian mining industry where people have been less than optimistic about mining jobs.

Reference: Australian Mining Companies Increase Productivity

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Learn more about the Bowen Basin mining location.

The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the world’s largest deposits of bituminous coal.

The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queensland’s first Governor, Sir George Bowen.

The Bowen Basin covers an area of over 60,000 square kilometres in Central Queensland running from Collinsville to Theodore and is dotted with many coal mines operated by multiple mining companies.

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Caterpillar Haul truck 793

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Read more about the CAT 793 automomous mining dump truck on our website.

Resources and Infrastructure Industry (RII)

Commonly refered to as Black Coal Competency (BCC), the RII competency is one that can be attained by an operator who has previously worked in the industry and has completed a number of operating hours on various types of machinery.

RII competency is granted to prove correct and safe operation of mine site machinery. It is a very useful qualification to have, as it confirms the operator has the required experience and expertise.

Find out more about RII Competencies here

You can transfer your nationally recognised civil Excavator, Front End Loader or Dozer tickets only to RII Black Coal Competencies.

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