Australia

Rio Tinto iron ore output up again, but exports fall

Cecilia Jamasmie | April 21, 2015
Rio Tinto iron ore output up again, but exports fall

The miner shipped 72.5m tonnes in the quarter, up 9% from a year earlier but down 12% sequentially.

Scientists reveal diamond bearing rocks more common than originally thought

Cecilia Jamasmie | April 20, 2015
Diamond study reveals key information about the Earth

A team of Australian scientists have, for the first time, identified the exact source of diamond-bearing rocks known as orangeites.

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

Lucapa Diamond unearths 63.05-carat rock from Angola mine

Cecilia Jamasmie | April 17, 2015
Lucapa Diamond unearths 63.05-carat rock from Angola mine

It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.

BHP, Rio face hard choices as ore woes set in

Herald Sun | April 17, 2015

Once the darlings of the local market, BHP Billiton and Rio Tinto now face a rocky road as investors accept the reality that lower iron ore prices will last for longer.

Australia’s AGL to shut all coal plants by 2050

Cecilia Jamasmie | April 17, 2015
Australia’s AGL to shut all coal plants by 2050

Australia's No.2 power retailer's decision aims to curb greenhouse gas emissions.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Cecilia Jamasmie | April 17, 2015
Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

The message from the Australian Front is uranium is looking more attractive: Patersons' Simon Tonkin

The Energy Report | April 16, 2015
Uranium mine Australia

In this interview with The Energy Report, Tonkin tells us how the uranium investment space works—and which junior explorers in Australia, Africa and North America look attractive as the price of yellowcake continues to stabilize.

Marine sanctuaries face new mining threat after Australia issues permits for petroleum exploration

Sydney Morning Herald | April 16, 2015

Permits that would allow industry to look for petroleum in marine sanctuaries have been quietly granted by the Abbott government while it reviews 40 freshly minted marine reserves.

Iron ore price back below $50 after Chinese property shock

Frik Els | April 15, 2015
china-building-construction-333

GDP slowdown was expected but China's property sector, responsible for half of steel demand, is in a tailspin as Q1 unsold inventory rises 24%.

Oilprice.com

The game-changing water revolution: Interview with Stanley Weiner

Oilprice.com | April 15, 2015
colossus minerals dewatering

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Expect talent-driven mining M&A: Headhunter

CEO.CA | April 13, 2015
hudbay-minerals-reports-q1-loss-

Today Andrew’s talking about the ebbs and flows of his MRG business. He tells me President and CEO searches are not where he’s making his money these days, it’s the operations roles.

Iron ore price surges on Chinese import growth

Frik Els | April 13, 2015
Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

Australia has a key role in nuclear’s contribution to clean energy future

Toro Energy | April 13, 2015

One of Australia’s leading uranium development proponents says the country’s natural advantage in delivering clean energy to meet growing global demand, is being eroded by the current policy differences between the states towards uranium exploration and mining.

Atlas Iron shuts down production on low iron ore price

Andrew Topf | April 12, 2015
Atlas Iron to take a $900 million write-down

Atlas Iron is shutting down its operations due to low iron ore prices, the company announced on Friday.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

BHP won’t reveal tax bill estimate in audit over Singapore hubs

Cecilia Jamasmie | April 10, 2015
BHP won’t reveal tax bill estimate in audit over Singapore hubs

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Annual gold trade reaches $22 TRILLION

Frik Els | April 9, 2015
Annual gold trade reaches $22 TRILLION

New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

Iron ore price breaks fall, claims big scalp

Frik Els | April 7, 2015
Iron ore price breaks fall, claims big scalp

Iron ore regained its footing Tuesday, but too late for once high-flying Atlas Iron as 13mtpa producer's shares are suspended and receivership looms.

Nautilus Minerals resumes undersea mining exploration

Cecilia Jamasmie | April 7, 2015
Nautilus Minerals resumes undersea mining exploration

The goal is to expand Nautilus’ Seafloor Massive Sulphide prospect inventory around Solomon Islands, located east of Papua New Guinea.

Appointment of South32 non-executive directors

BHP Billiton | April 7, 2015

BHP Billiton has announced four additional appointments to the Board of Directors of South32.

Mongolia halts landmark deal with foreign firms over massive coal mine

Cecilia Jamasmie | April 7, 2015
Mongolia halts landmark deal with foreign firms over massive coal mine

The country's parliament decided Tavan Tolgoi needs the approval of legislators before going ahead.

Barrick hints at Mick Davis deal

Frik Els | April 6, 2015
Barrick hints at Mick Davis deal

Sounds like just about everyone in mining is hoping to get into bed with Mick Davis and his $5.6 billion.

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