Mining market faces $503mn loss from cyclone damage to Australian mine
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Mining market faces $503mn loss from cyclone damage to Australian mine

The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.

By Ayesha Venkataraman
November 20, 2025
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Huge large dump trucks at an open-pit copper mine in Peru.

The mining market is bracing for a $503mn loss stemming from damage to a manganese mine on an island off Australia’s northern coast after Tropical Cyclone Megan hit last year.

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