Australia

Canadian miners the world’s top buyers of assets in 2014

Cecilia Jamasmie | March 2, 2015
Canadian miners the world’s top buyers of assets in 2014

Gold remains the most-targeted commodity by volume, according to EY’s latest report.

Poor market conditions put major chill on global exploration

Cecilia Jamasmie | March 2, 2015
Poor market conditions put chill on global exploration

Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.

Barrick rumored to sell gold mines in Australia, PNG

Andrew Topf | March 1, 2015
papua_new_guinea

Barrick Gold (NYSE:ABX, TSX:ABX), the number one producer of the precious metal, is hoping to raise up to $1.1 billion through the sale of two mines in Australia and Papua New Guinea.

Glencore slashes Australian coal production

Cecilia Jamasmie | February 27, 2015
Glencore slashes Australian coal production

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

Here's why the copper price is rallying

Frik Els | February 26, 2015
Here's why copper price is rallying

Beijing preps New Year's gift and new report points to another 20% rise from here.

UPDATED: The world's top 10 gold producers

Vladimir Basov | February 26, 2015
UPDATED: The world's top 10 gold producers

Number one Barrick Gold's output drops in 2014, but fellow Canadian firm Agnico Eagle adds 30% to production ounces.

Massive drop in mining exploration funding in Western Australia, survey finds

ABC News | February 25, 2015

Mining companies in Western Australia have massively reduced their exploration budgets, a new survey has found.

This BHP slide will bring tears to iron ore price bulls eyes

Frik Els | February 24, 2015
This BHP slide will bring tears to iron ore price bulls eyes

Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.

Cecilia Jamasmie

BHP pins hopes on spin-off South32

Cecilia Jamasmie | February 24, 2015
BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

South Australia govt backs uranium mining

Yahoo! | February 23, 2015
Rio Tinto in talks to ship uranium to India

The draft terms of the reference for SA's royal commission into the role of nuclear power should investigate the costs of uranium mining, conservationists say.

Australia’s Hunter Valley coal's health bill more than $460m a year

Cecilia Jamasmie | February 23, 2015
Australia’s Hunter Valley coal's health bill more than $460m a year

The figure, estimated by doctors, is based on the health costs and lost productivity from coal-related respiratory and cardiac issues.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

Cecilia Jamasmie

Seabed mining dreams shattered by New Zealand latest decision

Cecilia Jamasmie | February 22, 2015
Seabed mining dreams shattered by New Zealand latest decision

The country's refusal of a deep sea mining venture off its coast has cast a shadow over the emerging mining practice.

Substantial amount of gold deals expected for Australia by year-end

Cecilia Jamasmie | February 20, 2015
Substantial amount of gold deals expected for Australia by year-end

As a result of world’s largest gold miners pulling their portfolios to pieces as a way to weather low prices and an ongoing downturn.

Visual Capitalist

INFOGRAPHIC: the 10 countries with the most gold reserves

Visual Capitalist | February 18, 2015

The fine folks at Physical Gold created this nifty little interactive map that explores the ten countries with the largest gold reserves worldwide.

Australian rare earth project making headway

MINING.com Editor | February 18, 2015
ighlighted Satellite Image Of New South Wales

A rare earth project in New South Wales, Australia moved a step closer to mining after receiving approval from the Planning Assessment Commission (PAC).

Profile of Goldcorp CEO Chuck Jeannes: sector has brighter future, gold miner says

Business in Vancouver | February 17, 2015
dark-tunnel-mine-with-light-333

CEO of world's largest gold mining company talks about the challenges and opportunities posed by peak gold.

Iron ore price surges

Frik Els | February 16, 2015
Iron ore price surges

Biggest jump of the year lifts iron ore price more than 6% off 2015 low.

Australian uranium 'could end up in India’s nuclear weapons program'

The Guardian | February 15, 2015

Australian uranium could end up in India’s nuclear weapons program thanks to concessions the Abbott government made in the deal between the two countries, two nuclear experts have warned.

Indian police seek arrest of Australian mining chief Bruce Munro

Sydney Morning Herald | February 15, 2015

Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.

Australia's Newcrest says open to sale of Telfer gold mine

Reuters | February 15, 2015

Newcrest Mining, one of the world's biggest gold producers, said on Friday it was open to selling its Telfer gold and copper mine in Australia, once the company's flagship operation.

Canada’s gold mines are shooting the lights out

Vladimir Basov | February 13, 2015
Canada’s gold mines are shooting the lights out

Output at Canadian gold mines surged 29% last year, surpassing South Africa for the first time in history. US production dives more than 8%.

Gina Rinehart can watch bioflick before it airs

Michael Allan McCrae | February 13, 2015
house of hancock gina rinehart

Wide release is set for Sunday.

Perseus Mining Limited: $41.2 million half-year profit

Market Wire | February 13, 2015

A re-evaluation of the Sissingué Gold Project in Côte d'Ivoire is underway with an updated feasibility study due to be completed in the March quarter.

Australian copper mine adds solar power

Michael Allan McCrae | February 12, 2015
sandfire resources degrussa goes solar western australia

"Potentially reducing our operating costs in the long run."

Willingness to explore the facts about nuclear energy shows Australia is waking up

World Nuclear News | February 12, 2015
Australia, Brazil to control 90% of global iron ore trade by 2020

World Nuclear Association (WNA) applauds news of a Royal Commission to assess whether South Australia should expand the role of nuclear energy, as announced on Sunday (8 February) by state Premier Jay Weatherill. This will lead to an objective assessment …

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