Australia Mining News

Barrick ‘is back’ chairman Thornton tells shareholders

Barrick Gold has reduced its debt load, reshuffle management and sold several assets.

Potential lithium brines investigated in Australia

As society becomes more dependent on technology, metals like lithium are in high demand.

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.

Iron ore price: Only question now is how rapid the fall

Beijing clampdown on Chinese commodity markets where six out of ten of the world's most active derivates are now traded doesn't bode well for iron ore price.

Barrick Gold swings to quarterly loss, but trims debt further

The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.

Barrick’s fourth CFO in five years may be what shareholders were waiting for

Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

This insect’s guts could be key for mining remediation

The new method would allow for specialized plants, which are critical for biodiversity, to be re-established faster around old iron ore mines.

CAT sales latest sign of mining improvement

World's number one heavy equipment manufacturer arrests sales decline in March.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Newmont Mining investigating bribery allegations

The gold and copper miner didn’t specified where the alleged misconduct took place.

Services sector saves jobless miners in Australia

While Queensland's miners axed 22,000 positions between 2013 and 2015, health and community services created new jobs for almost double that number.

Iron ore soars past $70 to a 16-month high

The spot price for benchmark 62% fines gained 8.78%, the third largest surge since iron ore pricing first began in May 2009.

BHP Billiton cuts iron ore target by 10M tonnes

This would be the first time BHP reports a annual drop in iron ore output since it completed its merger with Billiton in 2001.

Delays in rollout of autonomous technology forces Rio Tinto to cut iron ore guidance

The world's No. 2 iron ore miner has cut its production guidance for 2017 by as much as 20 million tonnes.

BHP, Rio Tinto may axe iron ore guidance — report

Both miners announce March quarterly numbers this week.

Adani $12 billion Carmichael coal project faces fresh legal challenge

Australia’s indigenous people Wangan and Jagalingou, traditional owners of the land proposed to host the project are challenging it in court.

Glencore’s Optimum coal now in hands of S. African’s President family

Tegeta Exploration & Resources Ltd., controlled by the Gupta family and South African President Jacob Zuma’s son, is the new owner of optimum coal.

Iron ore price reverses as Rio Tinto predicted

Iron ore price drops as outgoing CEO of world's number two producer tells shareholders rally will fizzle out soon.

Did BHP just call the bottom of the mining cycle?

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

Iron ore price at $59.90 as surge extends another day

China imports volumes at record setting pace.

US coal giant Peabody Energy files for bankruptcy

Peabody's bankruptcy filing is one of the largest in the commodities sector since commodity prices began to fall in the middle of 2014.

Higher gold prices prompt consortium to restart historic mine in India

The ancient Kolar gold mines produced some 25 million ounces over 150 years before being abandoned in 2001, as gold prices began to sink.

Australia raises iron ore price forecast

Chinese imports to top 1 billion tonnes for the first time

Positive long term outlook for Australia’s mining industry

There is cause for optimism in the resource and mining sector with export values forecast to increase by 35 per cent by 2020-21, according to the Department of Industry, Innovation and Science’s Resources and Energy Quarterly released today.