Australia

Analyst: Glasenberg could grab Rio by way of China

Frik Els | November 26, 2014
Analyst: Glasenberg could grab Rio by way of China

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

Heads roll as BC Iron forced to cut costs amid weakest price in years

Cecilia Jamasmie | November 26, 2014
Heads roll as BC Iron forced to cut costs amid weakest price in years

Founding managing director Mike Young among the ones leaving the company.

Lucapa Diamond soars on 35-year mining licence for Lulo

Cecilia Jamasmie | November 26, 2014
Lucapa Diamond soars on 35-year mining licence for Lulo

The project could prove to be more valuable than the country’s biggest gem producer, Catoca,

Alaska’s Pebble mine scores win after court orders EPA to back off

Cecilia Jamasmie | November 25, 2014
Alaska’s Pebble mine scores win after court orders EPA to back off

A federal judge has ruled in favour of the Pebble mine project, putting a temporary halt on the U.S. Environmental Protection Agency’s efforts to protect Bristol Bay.

Gender equity: essential to mining’s future

AusIMM - The Minerals Institute | November 25, 2014

Female mining professionals face a persistent gender pay gap. The gap consists of lower wages than their male peers doing the same work, and less access to career progression.

Iron ore massacre: below $70 for first time in five years

Cecilia Jamasmie | November 25, 2014
Iron ore massacre: below $70 for first time in five years

This is almost two-thirds below a peak of $191.90 reached in February 2011, which was when huge new mines were being approved.

Aussie miners working harder for less money

Cecilia Jamasmie | November 25, 2014
Aussie miners working harder for less money

Average salaries fell 19% over the two-year period from 2012, while the average working week increased by four hours, a study shows.

Aussie mining magnate Clive Palmer investigated over $10 million fraud

Cecilia Jamasmie | November 24, 2014
Aussie mining magnate Clive Palmer investigated over $10 million fraud

The scale of the fraud alleged against the tycoon-turned-politician may double to about A$23 million.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Argyle Diamond Mine celebrates 10 year anniversary of landmark Participation Agreement

Rio Tinto | November 21, 2014

The Argyle Participation Agreement remains one of the most comprehensive agreements ever made in Australia between a resource company and Traditional Owners.

BHP Iron Ore: OK already, we'll stop expanding

Frik Els | November 20, 2014
Iron ore price stabilizes: BHP, Rio, analysts say fall 'temporary'

CEO Andrew Mackenzie tells shareholders while output is still increasing at no. 3 producer, it's been three years since new spending was approved.

Rinehart children's Roy Hill lawsuit to be fought in public

Frik Els | November 20, 2014
Details of Rinehart childrens' Roy Hill ownership lawsuit to be made public

Billionaire iron ore tycoon Gina Rinehart loses fight to keep secret court proceedings in family dispute over ownership of Roy Hill and Hope Downs iron ore mines.

Australia FTA with China: shift from mining to dining

HSBC Bank | November 19, 2014
Australia FTA with China: shift from mining to dining

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

Credit Suisse analyst Michael Slifirski: new non-Chinese graphite and vanadium supply could create new demand

The Mining Report | November 18, 2014
Graphite

More may really be better for end users and mining companies when it comes to graphite.

Iron ore price crashes 4%

Frik Els | November 18, 2014
Iron ore price crashes 4%

Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

Rio Tinto, Sinosteel extend Australian iron ore joint venture

Cecilia Jamasmie | November 17, 2014
Rio Tinto, Sinosteel extend Australian iron ore joint venture

The partnership dates back to 1987, in the early stages of the development of the Chinese steel industry.

India's uranium pact with Australia going full speed ahead

Mineweb | November 16, 2014

Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.

BHP abandons Venus nickel project in Australia

Cecilia Jamasmie | November 14, 2014
BHP abandons Venus nickel project in Australia

The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

Iron ore price gains after summit

Frik Els | November 13, 2014
Iron ore price gains after summit

Chinese steel mills restart production but ore demand remains modest.

BHP, Rio Tinto call for global deal to push clean coal

Cecilia Jamasmie | November 13, 2014
BHP, Rio Tinto call for global deal to push clean coal

Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.

Barrick names new executive director for Pascua-Lama

Cecilia Jamasmie | November 13, 2014
Barrick names new executive director for Pascua-Lama

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

Fortescue to BHP, Rio: Don't hurt our relationship with China

Frik Els | November 12, 2014
Fortescue to BHP, Rio: Don't hurt our relationship with China

Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.

BHP Billiton says scraps sale of Nickel West division

Reuters | November 12, 2014

The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.

Barrick to push ahead with Pascua Lama, ‘no margin for error’

Cecilia Jamasmie | November 12, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Finishing the project would take time and around $4 billion more of what Barrick has already invested.

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