Australia Mining News

Australians find extremely rare mineral in meteorite impact crater

Researchers from Curtin University discovered reidite, one of the rarest minerals on Earth buried deep within an ancient meteorite crater in Western Australia.

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

Rio Tinto Says Q3 production falls on planned maintenance and safety pauses

Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.

BHP raises stake in promising Ecuador copper project

BHP has agreed to pay 45 pence per SolGold share.

Mineral industry needs to change its exploration and financing model if dearth of green fields discoveries to be overcome

Australia’s chronic shortage of Greenfields mineral discoveries can only be overcome by changing the sector’s exploration, financing and training models, according to a keynote speaker at a major international geoscience forum.

Australia's Atlas Iron names ex-Hancock executive CEO in board overhaul

Sanjiv Manchanda replaces Cliff Lawrenson as named CEO in overhaul.

Alumina wake-up call for the aluminium supply chain

No one will be taking alumina for granted any more.

Mining at Gold Road and Gold Fields JV in Australia to start next month

Overall project engineering at the 270,000 ounce-a-year Guyere gold project, which is already more than A$100 million over its original budget of A$507 million, is now 96 percent complete

Australia wrestles with saving the Great Barrier Reef

Ask four Australians why the Great Barrier Reef is bleaching, and you’ll hear four different answers.

More than 400 jobs to go at Glencore’s Hail Creek coal mine

The company also said it would reconfigure the mining methods used at Hail Creek, a process that will be phased in over the next 18 months.

Australia’s coal sector hopeful

A new report prepared for the Minerals Council of Australia forecasts that the demand for metallurgical coal to 2030 will grow by over 95Mt.

BHP sees stock briefly spike before closing auction in Australia

It was just one trade of 5,000 shares, and it happened after the regular trading day. But it was enough to spike the price.

Peabody Energy to shut parts of Queensland mine after fire

Peabody Energy intends to permanently seal the area where high methane levels have been concentrated after it reported fire in its North Goonyella mine.

Lynas jumps after its critic in Malaysian Gov't leaves review team

Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.

Extending the life of mine beyond its life as a mine

For Tom Butler - CEO of the International Council on Mining and Metals – ensuring that mines have alternative uses post closure is an essential step in building and maintaining a company's social license to operate.

Australia's Fortescue announces $353m share buyback program

The program will begin after the iron ore miner releases its quarterly report on Oct. 25 and will remain in place for a period of up to 12 months.

Australian tungsten producer Wolf Minerals says its British unit has stopped trading

Wolf Minerals said on Thursday that it could not meet its short-term working capital needs after failing to reach a deal with its financial backers.

Australia's Port Hedland iron ore shipments to China rise 5% in Sept

Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September.

RNC Minerals recovers giant gold slab from its mine in Australia

The company believes the stones are among the biggest of their kind ever unearthed in the country.

BHP aims to restart Olympic Dam copper facility this month

In August, BHP had shut an acid plant following a boiler tube failure, disrupting copper processing. Underground mining at the site continued as normal.

Proxy adviser PIRC tells shareholders to oppose BHP Billiton's remuneration report

PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17

The top ten zinc producing mines in the world

India clinches the title for largest zinc mine with Rampura Agucha.

Lynas shares jump on Malaysia review comments

Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics.

Glencore, Tohoku Electric set coal contract price at $109.77/T

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

Boart Longyear awarded GEMCO drilling contract in Australia

GEMCO is an open-cut mining operation, producing high-grade manganese ore that is shipped to GEMCO’s Tasmanian manganese alloy plant and around the world.