Top Mining Stories in February 2012
Posted: 02/28/2012 12:00:00 AM EST | 0
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There are plenty of interesting online discussions, stories and case studies posted every day, but knowing how busy our readers are, we’ve decided to do the dirty work for you. This monthly series is where the editorial team at Mining IQ feature what our editorial team feel represents the best in Mining. All the stories here vary in topic and each have interesting and unique (and sometimes clashing) perspectives from passionate industry insiders.
Some of these articles come from news site, blogs or discussions, others come from our LinkedIn group. As we’ve mentioned here before, we at Mining IQ find LinkedIn an invaluable tool to get an understanding of the latest topics, news and content within the local and international mining industry. Don’t forget that if you haven’t joined the Mining IQ LinkedIn Group, you can do so here.
Feel like we've missed something? - share your links and stories in the comments section below.
Mines over media: Rinehart's new influence
Gina Rinehart – known fondly as the ‘Pilbara Princess’ – has become the highest shareholder of Australian media group, Fairfax Media. Her move to expand her riches beyond the mining sector got plenty of media commentators talking, mostly criticising it as a strategic business move to push her pro-resources agenda into the public sphere.
No matter what you think of Rinehart, there’s no denying she is as ambitious as they come. She is currently the richest person in Australia and is the second-richest woman in the world, worth an estimated $10 billion. This opinion piece from Jason Wilson has been a much talked about discussion on ABC’s The Drum, attracting well over 300 comments.
Anyone who has been on a mine site will understand the plethora of dangers face by onsite workers. Mines are dangerous environments, and whilst Australia has a solid record of safety, this is not the case for every other country. (Of course, that’s not to say that Australia necessarily leads the way in mine safety – after all, a single fatality is one too much. )
Since China’s decision to reduce rare earth exports in 2010, the industry has faced much volatility. Rare earth companies’ share prices have fluctuated and what will next happen is anyone’s guess. However, Bloomberg reports that China may double exports this year.
The mining boom’s wealth is spreading as mining services and other contracting sectors are cashing in on the industry’s rising demand for skills in a time of sever labour shortage.
A Rio Tinto commissioned study says that the mining industry will become more capital intensive as companies are looking to robotics and automation to combat decreasing productivity and rising operational costs. Article from the Sydney Morning Herald.
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