Australia

China’s Zijin hands $298 million to partner Barrick Gold

Cecilia Jamasmie | August 31, 2015
China’s Zijin hands $298 million to partner Barrick Gold

The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.

Coal M&A predicted to rise as prices slump and growth projects prove difficult

Sydney Morning Herald | August 31, 2015

Consolidation is set to sweep Australia's struggling coal sector over the next six to 12 months, as diversified majors lose patience with depressed coal prices and companies choose M&A instead of navigating a political and environmental minefield to develop new projects.

Resolute Mining ups gold reserves by 12%, to 5.3M oz

Andrew Topf | August 30, 2015
Mali

The news played well on the Australian stock exchange, with investors bidding up the stock 4 percent on Friday to 25 cents a share.

Iron ore price rallies again

Frik Els | August 28, 2015
Iron ore price rallies again

A more than 4% jump on Friday erases week's losses and brings gains since July low to 28%.

Glencore may be forced to shut down giant zinc mine in Australia

Cecilia Jamasmie | August 28, 2015
Glencore may be forced to shut down giant zinc mine in Australia

The Northern Territory Chief Minister has threatened to close Glencore's McArthur River operation if the miner does not improve its environmental practices.

Frik Els

Iron ore still in a bull market. What does it say about China?

Frik Els | August 26, 2015
Iron ore is still in a bull market

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Vale sells Integra coal mine in Australia to Glencore and Bloomfield

Cecilia Jamasmie | August 26, 2015
Vale sells Integra coal mine in Australia to Glencore and Bloomfield

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Anglo American ok to extend debated coal mine in Australia

Cecilia Jamasmie | August 25, 2015
Anglo American ok to extend debated coal mine in Australia

New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.

Community consultation begins for extension of Wiluna Uranium Project

Field Public Relations | August 25, 2015

Toro Energy Limited (ASX:TOE) has commenced community consultation ahead of the public release of an environmental statement seeking government approval for an extension of the Company’s advanced and already approved Wiluna Uranium Project in Western Australia.

BHP Billiton posts worst profit in over 10 years

Cecilia Jamasmie | August 25, 2015
BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

Anglo American sells copper mines in Chile to UK investment firm

Cecilia Jamasmie | August 24, 2015
Anglo American sells copper mines in Chile to UK investment firm

The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.

Will India no longer buy Australian coal?

The answer is NO, according to the leader of The Greens, Richard Di Natale.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

China fresh sell-off sends commodities, markets to the pits

Cecilia Jamasmie | August 24, 2015
China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Frik Els

Mining private equity is being fundamentally transformed

Frik Els | August 23, 2015
Mining private equity is being fundamentally transformed

Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"

Iron ore’s giants expanding clout as sales to China expand

Bloomberg | August 21, 2015

In the global iron ore market, the world’s two biggest exporters are expanding sales into the top customer, winning a greater share of trade as prices tumble.

Graphite could be the next best fertilizer

Archer Exploration Pty Ltd | August 20, 2015
GT

Graphite has been touted as a leap forward for our mobile world of battery-powered gadgets, but it may also help plants grow.

Kalgoorlie takes hit after mining tenement numbers collapse

ABC News | August 19, 2015

Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

Copper down to fresh six-year low after China market falls

Cecilia Jamasmie | August 18, 2015
Copper down to fresh six-year low after China market falls

The red metal dropped to $5,012 on trading on the London Metal Exchange, approaching the level of $5,000 it last hit in late 2008.

Barrick Gold reshuffles top management team

Cecilia Jamasmie | August 17, 2015
Barrick Gold reshuffles top management team

Co-President Kelvin Dushnisky will take over as president as the world’s largest gold producer restructures management to boost efficiencies.

Australia's largest gold miner Newcrest back to profit

Cecilia Jamasmie | August 17, 2015
Australia's largest gold miner Newcrest back to profit

After two years of multi-billion dollar losses the company is also is getting closer to dividend territory.

India picks worst time to resume iron ore mining — analysts

Cecilia Jamasmie | August 14, 2015
India picks worst time to resume iron ore mining — analysts

India's private iron ore producers are likley to suffer the effects of high costs, low prices and a poor export market.

Deep sea mining: a potential source of renewable resources?

Michael Saunders | August 14, 2015
Deep sea mining: a potential source of renewable resources?

Not metaphorically, but literally – the deep sea is a gold mine, and that is just scratching the surface.

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