Algae and mining: A new frontier in sustainable site rehabilitation

Algae might seem an unlikely candidate to help transform Australia’s post-mining landscapes, but a new CSIRO -led project suggests these tiny aquatic organisms could provide sustainable futures for mine sites, surrounding ecosystems, and local communities. Looking down the microscope at the microalgae Nannochloropsis Australia’s mining sector is approaching a crossroads—where economic legacy and environmental responsibility must find common ground. A new CSIRO -led study, supported by the Cooperative Research Centre for Transformations in Mining Economies (CRC TiME), suggests that one of the most promising bridges between these imperatives may come from an unexpected source: algae. Though small in stature, algae are emerging as giants in their potential to transform post-mining landscapes. The study, developed in partnership with the University of Queensland and Murdoch University , proposes that algae-based technologies could reduce mining’s environmental footprint while seeding new...

$600 million credit approved to fund expansion of Indonesia's Batu Hijau mine

PT Newmont Nusa Tenggara has secured a six-year credit of $600 million to fund expansion at the Batu Hijau gold and copper mine in Indonesia's Nusa Tenggara barat province. NNT president director Martiono Hadianto said the loan came from a syndicate of 16 banks led by Bank Mandiri, BNP Paribas and Sumitomo Mitsui Banking Corporation.

Martiono said the credit would ensure that his company would have the financial resources required to complete the sixth phase of development of the Batu Hijau mine and start operating the Elang mine, 60 km from Batu Hijau.