South Flank will replace lost production from 80mtpa Yandi operation reaching end of its life.
Australia Mining News
The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.
Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.
Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.
Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.
Australia's Atlas Iron, which narrowly escaped collapse when iron or prices crashed in 2015, has deferred construction of a new mine, citing weak prices for the steelmaking commodity.
Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.
New Citigroup report predicts low $40s by end of the year, early 2018.
The acquisition would make of Yancoal Australia’s largest pure-play coal producer.
Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.
It’s a buyer’s market—if you know what you’re looking for.
More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.
The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.
The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser
A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.
Before construction begins, activist groups are making sure to continue to speak up against the $16bn Carmichael coal mine
The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.
A WATERLESS ore processor is increasing iron ore recovery rates and purities.
As more severe and volatile weather patterns continue to threaten Australia’s crucial infrastructure, Good Design Australia has awarded its ‘Good Design Award of the Year’* – its highest recognition, to global engineering and infrastructure advisory firm Aurecon and architects Cox Architecture for their revolutionary new design of the Brisbane Ferry Terminals.
Chinese-owned Yancoal has signalled it may raise its bid for Rio Tinto's Hunter Valley coal assets, after striking the agreement with Mitsubishi to buy its stakes in the same mines.
Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.
The growing market for electric vehicles will significantly impact demand for copper over the next decade, according to new research commissioned by the International Copper Association.
Miner and commodities trader Glencore (LON:GLEN) has performed a coup d'etat on a deal that was practically sealed between Yancoal Australia (ASX:YAL) and Rio Tinto’s (ASX, LON:RIO) for Rio's coal assets in Australia's Hunter Valley.
Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.
Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.