Australia

UK legislators call for an end to forced labour in Eritrea mines

Cecilia Jamasmie | December 19, 2014
UK legislators call for an end to forced labour in Eritrea mines

According to the legislators, international mining companies —mainly from Australia, Canada and the U.K— are using the forced labour of Eritreans in their operations.

Lucapa Diamond to begin mining at its Lulo project in Angola

Cecilia Jamasmie | December 18, 2014
Lucapa Diamond to begin mining at its Lulo project in Angola

In a first phase the miner plans to target high-grade diamond ore bodies, meeting a target of 14,000 bank cubic metres (bcm) per month.

Iron ore hits new low after weakest China imports in 16 years

Frik Els | December 17, 2014
New iron ore price low after weakest China imports in 16 years

Benchmark iron ore price drops to fresh five-and-a-half-year low after November Chinese imports fall for the first time since 1998.

China lowers coal export levies to boost ailing economy

Cecilia Jamasmie | December 16, 2014
China lowers coal export levies to boost ailing economy

The country will cut export tariffs for coal from Jan. 1 as part of broader efforts to drive economic growth.

Deep-sea mining pioneer now hunts for resources in space

Cecilia Jamasmie | December 16, 2014
Deep-sea mining pioneer now hunts for resources in space

Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.

Newcrest, Harmony set to build one of the world's lowest-cost gold mines

Cecilia Jamasmie | December 15, 2014
Newcrest, Harmony set build one of the world's lowest-cost gold mines

The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.

Australia sees iron ore at $60 as commodities hit budget

Bloomberg | December 15, 2014

Australia estimates iron ore will trade at about $60 a metric ton as the biggest slump in the nation’s terms of trade since records began more than 50 years ago deepens the budget deficit.

PIC OF THE DAY: Gina Rinehart is an oil painting

Frik Els | December 12, 2014
PICTURE OF THE DAY: Gina Rinehart is an oil painting

The larger than life queen of coal and iron ore and her favourite daughter sit down for a feast.

A big boys game: BHP ships 1bn tonnes iron ore to China

Frik Els | December 11, 2014
BHP ships one billionth tonne iron ore to China

BHP's first ore left Port Hedland in 1973, but 900m tonnes where shipped just over the last 12 years.

BHP moves away from iron ore to focus on new darling: copper

Cecilia Jamasmie | December 11, 2014
BHP moves way from iron ore to focus on new darling: copper

Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.

Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

Cecilia Jamasmie | December 11, 2014
Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

The miner hinted its 30-year partnership with the Indian diamond industry makes it the best fit to drive the sector’s growth in the country.

Glencore’s Glasenberg slams top iron ore producers once again

Cecilia Jamasmie | December 10, 2014
Glencore’s Glasenberg slams top iron producers once again

In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.

Larger players account for 40% of global exploration budgets

SNL Metals & Mining | December 9, 2014
Low metal prices put chill on global mineral exploration

A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.

Anglo American struggling to meet targets, mulls coal assets sale

Cecilia Jamasmie | December 9, 2014
Anglo American struggling to meet targets, mulls coal assets sale

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

Forget ‘NewCo’: BHP Billiton spin-off named South32

Cecilia Jamasmie | December 8, 2014
Forget ‘NewCo’: BHP Billiton spin-off named South 32

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

Walsh: My 'amazing' Rio turnaround 'will be a Harvard case study'

Frik Els | December 5, 2014
Sam Walsh: My Rio turnaround 'will be a Harvard case study'

Rio Tinto CEO credentialing ahead of another round with "combative" Ivan Glasenberg.

Iron ore price surges

Frik Els | December 4, 2014
Iron ore price surges

Benchmark 62% fines up 3% and premiums for high quality lump ore jump to 11-month high.

Argyle champagne diamond raises money for Women in Mining internship

Rio Tinto | December 4, 2014

A champagne diamond from Rio Tinto’s Argyle Diamond Mine has been used to raise funds to sponsor a female mining intern from London’s Imperial College.

Rio Tinto-Glencore a ‘poor match’: Sam Walsh

Cecilia Jamasmie | December 4, 2014
Rio Tinto-Glencore a ‘poor match’: Sam Walsh

Walsh emphasized Rio was not planning any major acquisition to protect itself from a potential takeover by the commodity trader and miner rival.

Rio, BHP very close to develop U.S. largest copper mine

Cecilia Jamasmie | December 4, 2014
Rio, BHP very close to develop U.S. largest copper mine

Arizona’s lawmakers have slipped a piece of legislation that would allow the mining giants to go ahead with their massive Resolution Copper project.

The world's most corrupt countries ranked

Michael Allan McCrae | December 3, 2014
rank index feat

The least corrupt country was Denmark.

Cliffs Natural selling coal assets, expects loss of up to $425m

Cecilia Jamasmie | December 3, 2014
Cliffs Natural selling coal assets to Coronado Coal, expects loss of up to $425m in Q4

Miner is dropping coal operations to focus on iron ore.

New low in oil prices drags BHP Billiton stock below 2009 levels

Cecilia Jamasmie | December 1, 2014
New low in oil prices drags BHP Billiton stock below 2009 levels

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

Weaker Australian dollar cushions gold producers from slump

The Australian | November 30, 2014

A survey released yesterday by Melbourne-based consultant Surbiton Associates highlights that things are not all bad for the industry, in Australian dollars at least.

Alkane Resources tips share rerating on approval of $1 billion rare earths project

Sydney Morning Herald | November 29, 2014

Alkane Resources expects to receive approvals for its $1 billion rare earths project in the first quarter of 2015, which it anticipates will pave the way for a rerating of its shares as it finalises the financing of the project.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

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