May 17, 2020

Mental health: MCA develops blueprint to address issues in Australian mining sector

Operations
mine sites
mental health
Minerals Council of A
Admin
2 min
Mental health: MCA develops blueprint to address issues in Australian mining sector
The Minerals Council of Australia (MCA) has launched a new blueprint to address mental healthin the mining industry, developing the framework to promote...

<p>The <a href="http://www.miningglobal.com/article/tags/718/Mineral-Council-of-Austral… Council of Australia</a> (MCA) has launched a new <a href="http://www.minerals.org.au/file_upload/files/publications/MCA_Mental_He… to address mental health</a>&nbsp;in the mining industry, developing the framework to promote wellbeing while reducing the risks and impacts of mental illness.</p>

<p>&ldquo;The blueprint for mental health in the mining industry provides a broad-based framework for best practice models of health and safety for the sector,&rdquo; said MCA CEO Brendan Pearson.&ldquo;This blueprint spells out goals and strategies for the promotion of health, prevention of mental health problems and response to those in need. It also describes programs for supporting return to work, underpinned by an emphasis on robust evaluation.&rdquo;</p>

<p><strong>&bull;&nbsp;Related content:&nbsp;<a href="http://www.miningglobal.com/tech/1674/Going-digital:-why-innovation-is-… digital: why innovation is critical for the mining industry</a></strong></p>

<p>The blueprint reveals the ongoing challenge to support workers in remote environments and their families, highlighting it as a key priority.</p>

<p>&ldquo;Mental illness can affect workplace productivity through absenteeism and &#39;presenteeism&#39; and if problems are left unaddressed, it can also have an effect on the prevalence of accidental injury in the workplace,&rdquo; Pearson said.</p>

<p>&ldquo;Despite the growing awareness of the importance of mental health, there is still much to do. The development and launch of the blueprint is an important step forward. It builds on research that has concluded that a broad multifaceted approach within an industry framework is most likely to deliver long-term results and bring best return on investment, both cost benefit and broader social benefit.&rdquo;</p>

<p>Unveiled last week at the CEO Health and Safety Forum in Melbourne, Australia, the blueprint draws off previous work initiated by the <a href="http://www.miningglobal.com/operations/1270/3-Reasons-the-NSW-Minerals-… Minerals Council</a>, including collaboration with the University of Newcastle&rsquo;s Institute for Energy and Resources, Center for Resources Health and Safety and the Hunter Institute of Mental Health.</p>

<p><strong>&bull;&nbsp;Related content:&nbsp;<a href="http://www.miningglobal.com/miningsites/1672/PHOTOS-From-mine-to-touris…] From mine to tourist attraction: 6 innovative reclamation projects</a></strong></p>

<p><a href="http://www.miningglobal.com/article/tags/222/Australia">Australia&rsquo… mining sector</a> isn&rsquo;t alone. More than 50 million Americans suffer from mental illness or mental disorders.&nbsp;</p>

<p><img alt="" src="http://s8.postimg.org/xujur441h/info_mental_illness_1.jpg&quot; style="height:2869px; width:750px" /></p>

<p>The <a href="http://www.cmewa.com/">Western Australian Chamber of Minerals and Energy</a> (CEME) also released its own blueprint on mental health.<br />
<br />
&ldquo;Mental illness is a significant issue within the community and there is growing appreciation for how mental health issues may manifest in the workplace,&rdquo; said CME deputy CEO Nicole Roocke. &ldquo;CME recognizes there is an important role for all workplaces to play in promoting wellbeing and addressing the risks and impact of mental illness.&rdquo;</p>

<p>Addressing mental health and wellbeing in the mining sector is the first step, cultivating and supporting a workplace aligned with these goals is the next.&nbsp;</p>

<p><a href="//www.minerals.org.au/file_upload/files/publications/MCA_Mental_Health_Bl… alt="" src="http://s3.postimg.org/gs3e04zgj/mental_health.png&quot; style="height:480px; width:355px" /></a></p>

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Apr 22, 2021

Lynas revenue jumps 21% as rare earth prices jump

Lynas
RareEarth
WindTurbines
electricvehicles
2 min
Lynas Rare Earths sees revenue boost as selling prices for the key metals hit record highs amid strong demand for neodymium and praseodymium (NdPr)

Australian miner Lynas Rare Earths posted a 20.6% rise in revenue in the March quarter as selling prices for the key metals it mines hit record highs amid strong demand, particularly for neodymium and praseodymium (NdPr).

NdPr

NdPr is used in magnets for electric vehicles and windfarms, in consumer goods like smartphones, and in military equipment such as jet engines and missile guidance systems.

The company said it plans to maintain production at 75% however, as it seeks to continue to meet covid-19 safety protocols and grapples with shipping difficulties. Shares in Lynas fell 6.1% after the results.

“They have faced a few logistics issues, and it would be good to know when they are going to start lifting their utilisation rates a bit,” said portfolio manager Andy Forster of Argo Investments in Sydney.

“Pricing has been pretty strong although it may have peeled back a bit recently. I still think the medium, long-term outlook is pretty good for their suite of products.”

Lynas post ed revenue of A$110mn ($85.37mn) for the three months to the end of March, up from A$91.2mn a year earlier as prices soared.

Rare Earths

It said its full product range garnered average selling prices of A$35.5/kg during the March quarter, up from $23.7 in the first half of the financial year. “While the persistence of the covid crisis, especially in Europe, calls for careful forecasts for our business ahead, we see the rare earth market recovering very quickly,” said Lynas, the world’s largest rare earths producer outside China.

Freight demand has spiked during the pandemic, while the blockage of the Suez Canal in March delayed a shipment to April.

Lynas’ output of 4,463 tonnes of rare earth oxide (REO) during the quarter was marginally lower than 4,465 tonnes from a year earlier.

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