Australia Mining News

Australian shares slip slightly on Wall Street pause; NZ little changed

Wall Street fell on Thursday after a run of strong performances from the Dow Jones Industrial Average and the S&P 500 index.

Force Majeure at Oyu Tolgoi mine due to border protests

Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

Vale confirms talks with BHP over Samarco exit

During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.

Lucapa finds monster diamonds at Lulo, including largest coloured one

The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

New indicated resource points to expansion at New Century Zinc Mine

The re-start of a mothballed zinc mine in Australia is turning out to have a strong upside for both the mining company and its investors. 

China imported a record amount of iron ore in 2017

Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.

World seaborne coal trade rose 1.5 pct in 2017 – German importers

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies

The terminal expects to clear all remaining vessels from its harbour as safety measure after tropical cyclone intensified off nation's western coast.

Rio Tinto pulls offer for stake in world’s largest lithium miner

Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.

BHP is building an EV hub it doesn't want to keep

The good luck for BHP is that only about 40 to 45 percent of existing nickel mine supply is suitable for processing into a battery-grade chemical product.

The role of exotic animals in California’s Gold Rush

Together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.

Reform overdue to drive growth and protect Australia from future downturn

Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.

Giant Bougainville mine restart stalls on moratorium over fears of civil unrest

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

Liberty House is the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance and Rio's aluminium smelter in Dunkirk, France, is the largest in Europe.

Australia forecasts 20 pct iron ore price drop in 2018 as China demand eases

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

Australian minerals companies paying their fair share in tax — report

Aussie miners paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties – the second-highest tax ratio recorded since the survey began nine years ago.

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

$900M Australian rare earths mine given state approval

The mine could supply up to 10% of world demand for neodymium and praseodymium, used in the manufacture of magnets for wind turbines, and electric vehicles.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Chile and Argentina to lead lithium output growth after 2018

The bulk of new capacity would come online in 2019.

The 5 largest gold nuggets that still exist

From a nugget containing 1682 troy ounces of gold to one shaped like a massive pair of hands- here is a list of five of the biggest existing nuggets.

Nickel prices will continue to fall: BMI

Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.

Vale is said to be negotiating BHP exit from Samarco venture

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

Mining in 2018: Copper price to power on

Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices