Australia Mining News

Synergy Resource Capital identifies lithium project in Argentina for Millennial Lithium

Synergy Resource Capital is pleased to announce that it has successfully identified a lithium project in Argentina for Millennial Lithium, a publicly listed company trading in the TSX Venture Exchange.

Rising metal prices help AngloGold Ashanti swing back to profit

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Mineral sands on the move

Australia’s largest mineral-sands producer, Iluka Resources, is seeing a turnaround in prices for its products.

US elections to give gold prices fresh boost despite roadblocks — analysts

Gold hit a three-week low in early US trading Wednesday, but analysts believe the overall trend is upward.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

BHP's copper output to bounce back

World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

Full of holes: why Australia's mining boom will leave permanent scars

Australia is teetering on the edge of a massive hole – one left by huge mines that may soon close.

Mount Gibson’s new iron ore mine in Australia closer to final approval

The approval of Iron Hill mine would the iron ore producer to remain in business for another two to three years.

Chinese eye Atlantic Canada’s lithium project

Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.

BHP unlikely to reopen Samarco this year amid Brazil’s criminal probe

The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.

Queensland mining industry backs action to fix coal worker health screening

Queensland has released a final report into the re-emergence of coal worker pneumoconiosis, which confirms that a health screening system thought to protect underground coal workers has failed.

Glencore to sell Australian coal train fleet within 3 months

It expects to fetch between $755 million to $1.1 billion for the nine trains, which carry coal from mines in NSW to port operations on Australia's eastern seaboard.

Iron ore skyrockets to nearly $60 per tonne

Chinese import price for 62% iron content fines at the port of Qinqdao rose 6.7% to $59.38 a tonne, the largest one-day percentage increase since April 21.

Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Australia slashes iron ore price forecast 20%

Dept of Industry says loss-making mines are staying open for longer than expected aggravating oversupply.

High grade South Korean gold projects acquired under Southern Gold’s strategic overseas expansion

A suite of high grade gold assets in South Korea, most of them historic underground or artisinal gold and silver workings, some of which extend over a large footprint, are to be acquired by Australian gold producer, Southern Gold Limited (ASX: “SAU”).

BHP Billiton’s Olympic Dam set to reach highest copper production in a decade

Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.

Solar panel recycler leads Australia in emerging industry

Adelaide-based Reclaim PV has teamed up with major solar panel manufacturers who distribute in Australia and is refining its processes as well as lobbying for panels to be included in recycling regulations.

First glimpse of potential Nullarbor treasures

SOME of the first geological images of one of the world’s last unexplored mineral frontiers have glimpsed the mining potential of Australia’s vast Nullarbor Plain.

BHP greenlights expansion at Escondida copper mine in Chile

With the expansion, Escondida is targeting an average output of 1.2 million tonnes a year over the next decade, up from about 940,000 tonnes it produced last year.

Rio Tinto sells its Blair Athol coal mine for less than a bus ticket

The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.

BHP said to be after Potash Corp again

BHP has been developing its own Canadian potash mine — the Jansen project — in Potash Corp's backyard, and has already invested about $3.8 billion on it.

Australia’s uranium polluting the Antarctic — scientists

Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.