Australia

Fresh iron ore price plunge

Frik Els | March 30, 2015
Fresh iron ore price plunge

Iron ore price falls more than 2% on Monday bringing 2015 losses to 35%. Next stop $45 a tonne says new report.

BHP wants strikes to be ‘last resource’ for workers

Cecilia Jamasmie | March 30, 2015
BHP wants strikes to be ‘last resource’ for workers

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

Five companies in Australia's Cooper Basin worth watching: Canaccord Genuity's Johan Hedstrom

The Energy Report | March 27, 2015

Canaccord Genuity energy analyst Johan Hedstrom is tasked with scouring the Australian oil patch looking for good deals even as prices slip and slide.

Chinese miners keep digging for iron ore despite most losing money

Cecilia Jamasmie | March 27, 2015
Chinese miners keep digging for iron ore despite most losing money

The situation, industry officials said Friday, can’t continue for much longer.

Iron ore price output caps called 'hare brained'

Frik Els | March 26, 2015
Iron ore price output caps called 'hare brained'

Rio's Sam Walsh says any scheme to artificially prop up prices hovering at six-year lows is "physically not going to work."

$60 billion for mining private equity a myth

Frik Els | March 26, 2015
$60 billion for mining private equity a myth

Looking for an exit or a lifeline? Look further says $8 billion fund manager.

Glencore shutting down its West Wallsend coal mine in Australia

Cecilia Jamasmie | March 26, 2015
Glencore shutting down its West Wallsend coal mine in Australia

The firm said poor coal prices meant it would not make sense to extend the life of the mine.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Australia's regulator goes after Fortescue for demanding iron ore output cap

Cecilia Jamasmie | March 25, 2015
Australia's regulator goes after Fortescue for demanding iron ore output cap

The competition watchdog did not welcome chairman Andrew “Twiggy” Forrest call for rivals Rio, BHP and Vale to agree to cap production.

Rio Tinto, Alcoa step aside for Australia’s largest national park

Cecilia Jamasmie | March 24, 2015
Rio Tinto, Alcoa step aside for Australia’s largest national park

They'll hand back more than 175,000 hectares of prime conservation land they have held since 1971 to West Australia, ditching plans to build a bauxite mine and an alumina refinery in the area.

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

Cecilia Jamasmie | March 23, 2015
Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

Cecilia Jamasmie | March 23, 2015
Cliffs sells Ontario’s Ring of Fire claims to Noront for $20M

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

Gold price history in major world currencies vs stock performances

Gold-Eagle.com | March 23, 2015

The following charts clearly demonstrate gold’s fantastic price appreciation during the past 14 years.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

Coal projects, port expansion could permanently damage Great Barrier Reef: report

Andrew Topf | March 22, 2015
Queensland wants coal waste to be dumped onshore, not near reef

The Great Barrier Reef is at risk of permanent damage should huge coalmining and a port development in Queensland go ahead, scientists say in a new report.

WA keen to take QLD’s unwanted uranium dollars

Australian Mining | March 20, 2015

Western Australia’s Mines and Petroleum Minister Bill Marmion says the Queensland government’s decision to ban uranium mining is good news for WA.

Barrick faces multi-billion dollar suit over Porgera mine

Cecilia Jamasmie | March 19, 2015
Barrick faces multi-billion dollar suit over Porgera mine

PNG landowners have submitted a position statement, outlining “irreparable losses” as a result of social, economic and environmental damages allegedly caused by the operation.

Gold price to double by 2030 thanks to Asia: report

Cecilia Jamasmie | March 18, 2015
Gold price to double by 2030 thanks to Asia: report

ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

Australia's government expects huge falls in commodity export earnings

Sydney Morning Herald | March 18, 2015

The federal government is bracing for a multibillion-dollar fall in iron ore and coal profits, just months away from its second budget.

Chinese 'golden ticket' millions eye Australian mining assets

Sydney Morning Herald | March 18, 2015

Chinese "golden ticket" visa money is looking for a home in Australian mining assets, with local private firms sounding out advisers on copper and gold assets to on-sell to visa hopefuls, often at a hefty premium.

Miners woo communities with soccer fields, bull rings and guinea pigs to unlock US$25 billion in stalled projects

Bloomberg | March 18, 2015
happy-miner

From South America to Africa, mining companies are throwing all that and more at communities to quiet growing opposition to controversial projects.

How top gold producers margins are being squeezed

Vladimir Basov | March 17, 2015
How top gold producers margins are being squeezed

In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.

Coal, iron ore prices unlikely to rise until at least 2016

ABC News | March 17, 2015

Westpac’s chief economist says with demand out of China unclear coming into the New Year, and high volumes of iron ore being exported to the country, price volatility will continue.

BHP's South32 spinoff to cost $738m

Frik Els | March 16, 2015
BHP spinoff could be worth $12 billion

Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.

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