If successful, the mines could fetch around $2bn and complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminum.
Australia Mining News
Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.
"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.
Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.
Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.
Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.
Delayed ramp-up at Escondida, mine sequencing at Kennecott.
The largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere is being showcased across Australia by iconic Australian jeweller Linneys.
Investors in Queensland Mining (ASX:QMN) got an unexpected surprise Monday morning after the company announced Friday it was selling its White Range copper, gold and cobalt project.
The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."
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Upfront capital costs for the development of the Jan Karski mine totals $630 million with Chinese lenders expected to financing 85 percent of it.
The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).
Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.
Pilot Mountain tungsten project said to be "quite a monster," with five-to-ten years life as a low-cost open pit and 15-year underground life after that.
Mining companies must reassess traditional remuneration practices and adjust to a new business climate, early insights say.
Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.
Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.
Proposal sought to raise hundreds of million of dollars in additional taxes on gold mining, but industry warned the step would spark job losses.
RCT and Roy Hill have joined forces to ensure safety at the prominent mine site.
By tracing the air backwards in time, the scientists found that high-mercury air travelled over the Indonesian archipelago before arriving in Australia.
Newcrest Mining chief executive Sandeep Biswas says the gold miner is examining whether a solar farm could be installed at it flagship Cadia mine in NSW to help insulate the operation from soaring electricity prices.
The Queensland Government is getting behind a pilot program that, together with an industry group, is hoping to bring thousands of mining equipment and services positions to the Bowen Basin within the next decade.
Australians opposed to the Adani Group's Carmichael coal mine in the Galilee Basin of Queensland expressed their displeasure at the project on Saturday.
As North Korean imports of anthracite coal have waned with sanctions, those from Russia have soared.