Australia Mining News

Brazil grants operating license to Vale’s massive S11D iron ore mine

Mine is set to start operations by the end of the year, with first shipment set for January 2017.

Iron ore soars past $80 a tonne

The steelmaking raw material is up 85% this year, or more than double its December 2015 price.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

Coking coal price savaged – biggest drop in 17 months

Just as quarterly benchmark negotiations between miners and Japanese steel mills kick off, the coking coal price comes off the boil.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Rio Tinto says halt of copper shipments from Oyu Tolgoi ‘a bump in the road’

Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.

World's top single mine iron ore firm needs 500–600 workers

Pilbara's Roy Hill is ramping up to 55m tonnes per year capacity.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

Giant Australian coal mine near Reef one step closer

Indian conglomerate's $16 billion Carmichael coal mine in Queensland clears "final major State and Federal Government approval".

Gold price slump puts Barrick’s Super Pit deal with Minjar at risk

The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.

CHARTS: Death of the coking coal contract

Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Mining accidents in China to spike as country digs more coal

In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.

Exploring green growth opportunities for Pilbara

The Norwegian-based company Sahara Forest Project has signed a cooperation agreement to start a feasibility study to explore opportunities for producing food, freshwater and clean energy near the Western Australian city of Karratha, greening arid areas at the same time.

ASX slams door on Moly Mines, leaves 4,000 shareholders in limbo

Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.

CHARTS: Gold miners to hike investment in 2017

Project funding would be main priority, says Moody’s.

MICROMINE will showcase its range of mining solutions at Mines and Money 2016

MICROMINE’s specialists will be showcasing our entire suite of solutions which includes a preview of the soon to be released Geobank 2017, the latest version of our secure data management solution, as well as Micromine 2016 which was released in May this year and Pitram, our leading fleet management and mine control solution.

Lucapa granted new five-year exploration licence for iconic Angola mine

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.

China risks wasting $490 billion on unneeded coal plants — study

Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.

Australian rare earths company picks construction contractor

Potentially the first rare earths mine outside China to recover heavy rare earth elements passed another milestone this week.

Austrade Announces Gekko Systems as Australian Export Award Winner!

The Minister for Trade, Tourism, and Investment, the Hon Steven Ciobo MP announced Gekko Systems as the winner of the Australian Export Awards in the Minerals, Energy and Related Services category.

BHP, Vale throw cash lifeline to their halted Samarco iron ore mine

Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Aussie gold miner with Chinese parent company looking to buy half of Kalgoorlie

Barrick Gold's (NYSE,TSX:ABX) quest to find a buyer of the Kalgoorlie "Super Pit" has taken another intriguing turn.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.