Many are saying the mining industry has turned the corner and is approaching the beginning of a new boom. Predictions are that exploration will begin to increase and new companies floated on the ASX. Of course, I am not a financial whiz, but if history can be used as a predictor then job vacancies will increase, suppliers will begin to expand their business again and eventually (and perhaps most importantly) new operations will begin.
We recently posted a link on our Facebook page to an apprenticeship role on SEEK and it was our highest viewed posting for 4 weeks. Apprenticeships in Australia are available to anyone of working age and it is not essential to have completed a secondary school certificate and they are available in more than 500 occupations. An apprenticeship is a great way to start a career and there are many required in the mining and resources industry.
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Lithium is the new boom commodity, where the developers of Lithium projects are seeing a company’s share price boom as is evident in the below graph from Bloomberg.com.
The demand is being driven from the move to electric vehicles and batteries for solar panels. The price of Lithium has risen from around $US2000/tonne to more recently $US7000/tonne. While this is great for the producers and future employees at these operations, for the end consumer, the price of electric cars and batteries will be impacted. A Tesla, for instance, uses 50 kilograms of lithium in its batteries.
Lithium used in batteries comes from three sources; hard rock mining, battery recycling and evaporation of brine in salt ponds.
Last blog, I talked about residential mining towns and the pros and cons of living and working in a mining town. What about FIFO roles and whether these are a fit for your circumstances?
FIFO rosters range from 8/6 (8 days on, 6 days off), 9/5, 14/7, 14/14 through to 4 weeks on/1 week off and in some instances, it can be an equal time roster.