Australia Mining News

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

Three missing after South African gold mine collapses, trapping 87

Trapped miners were brought to the surface through ventilation shafts.

China gets tougher on illegal mining, exporting of rare earths

Beijing to set up tracing system to determine and certify the origin of the materials.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Canada's Royal Nickel turns producer with two acquisitions

Picks up private Australian nickel and gold mine and stake in Manitoba copper mine from VMS Ventures.

Nautilus takes delivery of Seafloor Production Tools

Nautilus Minerals Inc. announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools (“SPTs”) from Soil Machine Dynamics Limited’s facility in Newcastle upon Tyne.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

EY reports mining equipment value plummeting, but some silver linings too

A new EY report shows the value of a typical fleet of mining equipment has fallen 64 per cent in just two years.

World's top 10 rookie gold mines

These high-grade mines will soon start competing with gold mining's industry leaders.

World’s biggest iron ore port shut as cyclone to hit Australia

BHP Billiton began evacuating workers from its Port Hedland export facilities early Friday.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Australia, Germany, Japan at high environmental risk due to reliance on coal — report

The global coal industry is being squeezed by competition from cheap gas, declining demand and clean-air regulations that have raised costs for burning the fossil fuel.

Iron ore price: Seaborne trade is Opec on crack

New warnings about impact of super-concentrated supply of steelmaking raw material.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Gold hits 12-week high, on track for best month in a year

Bullion prices are also set for a gradual recovery this year as demand increases in Asia and mine production contracts.

Vale reopens iron port for at least 60 days

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.

Agreement gives uranium mining in Greenland a boost

Good news for Greenland Minerals and Energy, which is aiming to develop a massive uranium and REE deposit in southern Greenland.

Clive Palmer and the nickel refinery collapse that wasn't

Clive Palmer could walk away from the administration linked to his Queensland Nickel refinery without losing the assets and leave creditors out in the cold.

Chile losing ground as top copper producer since metal price in the pits

From 2005 to 2015 Chile's copper output rose a mere 8%, while Peru’s grew 37%, China’s 114%, Zambia’s 72% and Congo’s 956%.

Vale port shut down likely to affect iron ore market, prices jump

The suspension of activities at Vale's Port of Tubarão, ordered by a Brazilian federal court on Thursday, is likely to cause strong reaction in the global iron ore market.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Barrick braces for up to $3 billion in writedowns

The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.

Rick Mills: How to profit from the demands of a growing world population

As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.

Aussie mining tycoon Palmer promises ‘truth’ on massive job cuts at his nickel refinery

He said he would open up after a creditors meeting next week in Townsville, where his his Queensland Nickel company is based.