The share price of Australian-based uranium explorer Adavale Resources Ltd [ASX:ADD] has soared 60% this morning, as the company announced it had been granted tenements adjoining one of the largest undeveloped high-grade nickel resources.
Latest Mining Industry News and Developments: Stay Updated in the World of Mining
Australia is a land rich in natural resources, and we have often benefitted from the richness these resources provide us. As a major trading country, we are also economically dependent on these mineral and energy resources — particularly iron ore, uranium, and natural gas.
Given that we depend on these resources so much, economic downturns and the end of the mining boom in 2012 have shown just how much Australia relies on traditional mining projects.
Concerns about depletions and scarcity of resources, along with environmental considerations, have made it abundantly clear that new mining solutions and technologies are required if Australia is serious about the future of the industry.
At time of writing, the share price of Pilbara Minerals Ltd [ASX:PLS] is one of the leading lights on the ASX today, up 5.97%, trading at 31 cents. The last month saw some interesting developments in the lithium/battery tech space and the Pilbara Minerals share…
Today we draw connections between the recent lithium bounce and the future of the Lynas share price. Lynas’ raw materials are supposedly critical to the EV push. We take a look at two reasons why the Lynas share price didn’t get the same jolt that these lithium stocks got…
India is an important space for Australian investors as it could be the source of a new resources boom for the 2020s. The ambitious Modi government has plans to target GDP of US$5 trillion by 2024–25, a figure that would propel India into the top five economies in the world.