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Australia News Digest
Tuesday 23 January 2018
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Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.

The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

The re-start of a mothballed zinc mine in Australia is turning out to have a strong upside for both the mining company and its investors. 

Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.

Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.

The good luck for BHP is that only about 40 to 45 percent of existing nickel mine supply is suitable for processing into a battery-grade chemical product.

Together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

The rival companies have unearthed three diamonds larger than 100 carats each.

The mine could supply up to 10% of world demand for neodymium and praseodymium, used in the manufacture of magnets for wind turbines, and electric vehicles.

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

The terminal expects to clear all remaining vessels from its harbour as safety measure after tropical cyclone intensified off nation's western coast.

Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.

Liberty House is the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance and Rio's aluminium smelter in Dunkirk, France, is the largest in Europe.

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

Wall Street fell on Thursday after a run of strong performances from the Dow Jones Industrial Average and the S&P 500 index.

Aussie miners paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties – the second-highest tax ratio recorded since the survey began nine years ago.

1 Year Iron Ore Fines Price
6 Months Thermal Coal CAPP Price
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