Australia Mining News

Iron ore price: BHP starts work on $3.2 billion mine

South Flank will replace lost production from 80mtpa Yandi operation reaching end of its life.

Rio brushes off Glencore latest offer for coal mines, sticks with Yancoal

The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.

Iron ore reverts to supply-driven market after 2016 aberration: Russell

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.

Glencore fights back, sweetens deal for Rio Tinto’s Australian coal assets

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.

SolGold up on Ecuador project results, Canada listing

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Australia's Atlas defers new iron ore mine over price falls

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.

Western Australia bans uranium mining, but existing projects safe

Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.

Miners punished as iron ore price resumes decline

New Citigroup report predicts low $40s by end of the year, early 2018.

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

The acquisition would make of Yancoal Australia’s largest pure-play coal producer.

Rio Tinto in search of next Oyu Tolgoi in Mongolia

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.

Nickel production to grow for first time since 2013 — report

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.

SolGold soars after raising more than $41 million via share placing

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.

BHP Billiton announces new Chairman

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Korean consortium bids for Australian iron-ore giant Arrium

A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.

#StopAdani protests surge in Australia

Before construction begins, activist groups are making sure to continue to speak up against the $16bn Carmichael coal mine

Rio Tinto’s Silvergrass iron ore mine to begin production by year-end

The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.

Waterless ore processor improves mining efficiency

A WATERLESS ore processor is increasing iron ore recovery rates and purities.

A shifting climate drives Australia’s top design award for Aurecon

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.

Yancoal grabs Mitsubishi stakes in Rio Tinto's coal mines in $940m deal

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.

Coking coal price slides to 8-month low

Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.

Copper demand from electric vehicles to be nine times higher by 2027 — study

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.

Glencore snatches Rio Tinto-owned mines from Yancoal with $2.55B offer

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.

SLIDESHOW: The iron ore price wars 2002–2017

Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.

Anglo American appoints takeovers expert as new chairman

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.