The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
Australia Mining News
Named “Friday’s Joy,” it is expected to sell for more than $190,000.
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
A 3D model showing underground landscapes to a depth of 100km of an entire Australian state has been launched.
With a one-piece-flow process, built using Lean Manufacturing principles, the team completed the machines on budget and on time.
Citi analysts believe the steel-making ingredient will average $51 a tonne in the final quarter of 2016 and fall to $45 next year.
A report published Tuesday by the Mineral Policy Institute on environmental risks at McArthur River Mine in the Gulf of Carpentaria makes the case for an immediate inquiry into the mine’s operation and evaluates pit backfill as the preferred option for pollution control.
Impact on iron ore price uncertain as China's sovereign wealth fund leads investor group to secure portion of Brazilian giant's output for the next 30 years.
Bob Moriarty of 321 Gold, who has been following Novo Resources for four years, discusses the company's three programs that are likely to gain investor attention.
The project, discovered in 2004, was expected to generate about 30,000 jobs and produce up to 3 million carats a year.
The McArthur River mine in Australia is looking at a nine-figure clean-up bill, says a new report on one of the world's largest producers of lead, zinc and silver.
A federal court dismissed challenge from a traditional owner to mining permits for the mine.
The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.
At a sold-out Moranbah luncheon last week, Bowen Basin Mining Club members were offered a timely insight into BHP Billiton’s global focus on production efficiencies and changing supply management practices.
Beijing cuts off power to 26 mines in key Chinese zinc, lead production region.
The company, however, said it continues looking for a partner to take the venture off the ground.
They had flagged they would offload some of their higher-cost local operations to focus on their most profitable mines.
Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.
The Cerrejón mine is one of the world’s largest open cut coal operations.
Report shows higher ore prices have encouraged the likes of Iran, Russia and Mongolia to increase shipments to China at faster pace than dominant players.
Glencore's will continue to curtail production in zinc, copper and other metals – it's clear why.
Australian gold miner, Southern Gold Ltd (“Southern Gold”), advises that the novel use of cave explorers has been employed to initiate exploration on a second gold- silver project in South Korea, Weolyu South, located about 150km southeast of the capital Seoul.
The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.
Using bacteria to extract minerals from ore is showing the potential to replace dangerous processing chemicals such as cyanide in the mining industry.
Iron ore’s resilience in recent months has defied many analysts’ forecasts, as Beijing’s stimulus plans, restocking by Chinese steel mills and historically low port stockpiles have supported prices.