Australia

Nautilus Minerals: Vessel dewatering plant detailed design contract awarded

Nautilus Minerals Inc. | July 29, 2015
Nautilus

Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.

About 30,000 fresh job cuts, more mine closures expected in Australia

Cecilia Jamasmie | July 29, 2015
About 30,000 fresh job cuts, more mine closures expected in Australia

A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.

Gold mining restarts near remote town in Western Australia's north

ABC News | July 29, 2015

The Kimberley town, which sparked the late 1800s Western Australian gold rush, is seeing a rebirth of the industry.

Papua New Guinea’s Ok Tedi copper, gold mine halts production

Cecilia Jamasmie | July 28, 2015
Papua New Guinea’s Ok Tedi copper, gold mine halts production

The company is also slashing 30% of its foreign employees and 15% of the local workforce.

China planning to step up controls on coal imports — report

Cecilia Jamasmie | July 28, 2015
China planning to step up controls on coal imports — report

As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Iron ore prices hit by fresh evidence of looming surplus

Cecilia Jamasmie | July 22, 2015
Iron ore prices hit by fresh evidence of looming surplus

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

Glencore to slash 380 coal jobs in South Africa

Cecilia Jamasmie | July 22, 2015
Glencore to slash 380 coal jobs in South Africa

It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.

Myanmar opens door for Australian mining industry

Yahoo! | July 22, 2015

A burst of $US3.6 billion ($A4.85 billion) invested in Myanmar's oil and gas sector in the past year is a green light for Australian companies involvement, Australian business representatives say.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

Gold crash isn’t over — prices near five-year lows

Cecilia Jamasmie | July 21, 2015
Gold crash isn’t over — prices near five-year lows

The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.

The world’s highest grade gold mines

Vladimir Basov | July 16, 2015
World’s highest grade gold mines

Canadian mine takes top honours but Russia and USA dominate the rankings.

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Shrinking Chinese steel market will drag down iron ore price

Frik Els | July 15, 2015
Soft steel market will drag down iron ore price

The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

The long and controversial history of uranium mining in Australia

ABC Radio Australia | July 14, 2015

Last month’s announcement that Energy Resources Australia will pull the plug on the Ranger uranium mine in the Northern Territory signals the end of one of the most controversial chapters in Australian mining history.

Scientists, environmentalists call for freeze in deep sea mining permits

Cecilia Jamasmie | July 10, 2015
scientists-call-for-freeze-in-deep-sea-mining-permits - 400

A group of scientists is asking international authorities to temporarily halt the approval of new underwater mining contracts until further environmental controls are put in place.

Cecilia Jamasmie

Iron ore prices: the worst is yet to come

Cecilia Jamasmie | July 9, 2015
Iron ore prices: the worst is yet to come

Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.

Iron ore nose-dives, hits fresh lows of $44.6 per tonne

Cecilia Jamasmie | July 8, 2015
Iron ore nose-dives, hits fresh 6 year low

Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.

NSW conditional approval for new coal mine slammed

ABC News | July 8, 2015

Federal Agriculture Minister Barnaby Joyce has hit out at the Government's decision to give conditional approval for a huge open-cut coal mine near prime agricultural land.

Copper prices hit 6-year low, blame China

Cecilia Jamasmie | July 7, 2015
Copper prices hit 6-year low, blame China

As high volatility in the Chinese stock-market reinforced worries of a dropping demand from the nation, the world’s top metals consumer.

These are the top business risks mining and metals firms face

Cecilia Jamasmie | July 7, 2015
These are the top business risks mining and metals firms face

Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.

Aussie state change to mining rules could block planned projects — industry

Cecilia Jamasmie | July 7, 2015
Aussie state change to mining rules could block planned projects — industry

But New South Wales says the proposed amendment would give social and environmental issues equal standing with the economic in decision making.

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