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June 30, 2021

The golden parachute: new issue of MINE Australia out now

In this issue: shareholders hold miners to account over ESG issues, on the road with the Tour de Carmichael, Queensland coal in the face of trade war, and more.

By Callum Tyndall

In this issue, high-profile shareholders have voted against Rio Tinto’s remuneration report that would hand now-departed chief executive Jean-Sébastien Jacques a pay rise despite the destruction of Juukan Gorge. The desecration of the Aboriginal heritage site brought a fresh wave of attention to ESG issues in the mining industry, and the lack of accountability for executives, which are now causing uproar among shareholders. 

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
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Also, in protest against Adani’s Carmichael coal mine in Queensland, the land’s traditional owners are organising a cultural tour of the lands in the form of a 105km bike ride, stopping at areas of interest to learn more about the Indigenous community’s heritage and “Adani’s environmental damages and shady business”. We speak to the organisers of the trip and profile this unique form of resistance to a mine project.

Elsewhere, with Australia reportedly mulling a net-zero emissions target that could have a major effect on the country’s mining industry, our writers imagine a world where they get to be Prime Minister of Australia for a day – each identifying one policy they would enact to revolutionise Australia’s mining sector.

Whether you are on a desktop, tablet or smartphone, you can read the magazine for free online, and join the conversation on Twitter.

In this issue 

Could rare earths peak in Tanzania?

As miners seek to expand the rare earths sector, projects are popping up across the globe – now including Tanzania. Scarlett Evans examines Australian miner Peak Resources’ project in the country, how it aims to become one of the world’s lowest-cost, fully integrated rare earth producers, and the challenges it may face.

Read more.

Mining companies face moment of reckoning

“Desecration” is a word no one wants levelled at them. For mining giant Rio Tinto, it’s one it has heard a lot in recent months. Some of its actions in Australia have been widely condemned and resulted in the departure of senior executives. Andrew Tunnicliffe dives into the damage done by the scandal.

Read more.

Tour de Carmichael: opposing Australia’s most controversial coal mine

The Carmichael coal mine in Queensland, Australia is one of the most contested in the country. As part of an ongoing movement to oppose its construction, Wangan and Jagalingou Traditional Owner, Coedie Burragubba, has conceived a novel form of resistance. Heidi Vella finds out more.

Read more.

Covid-19 in a golden age for mining

The onslaught of the pandemic continues in many parts of the world, impacting lives and livelihoods. The mining sector is by and large remaining resilient, but it isn’t just Covid that is proving challenging. Andrew Tunnicliffe takes a look at how mining giant Gold Fields is coping.

Read more.

Policy changes to revolutionise Australia’s mining sector

With Australia reportedly mulling a net-zero emissions target that could bring its climate goals in line with other countries while also having a major effect on the country’s mining industry, our staff writers each identify one policy they would enact to equip Australia’s mining sector for the challenges ahead.

Read more.

Can Queensland’s coal industry weather the China-Australia trade war?

Coal exports from Queensland recently hit a four-year low as tensions between China and Australia continue to hamper the latter’s coal trade. Julian Turner asks two analysts for their take on the ongoing trade war and how the coal-producing region is coping with the new geopolitical reality.

Read more.

Preview – MINE Australia September 2021

Environmental, social, and governance issues are increasingly at the forefront of investors’ minds, yet the mining industry has a long way to go to satisfyingly address concerns. 

In the next issue, we look at the gap between shareholder demand and company action, assessing where miners are succeeding and where the most work still needs to be done.

Related Companies

Free Report
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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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