Australia Mining News

Glencore sells Australia coal rail unit for $874 million

With the deal, the Swiss group is only a step away from meeting chief executive Ivan Glasenberg’s target of $5bn in assets sales this year.

IHC Robbins strengthens position in Australia

IHC Robbins is long established in Brisbane and provides clients in the heavy minerals mining and processing sector with metallurgical testwork, practical engineering and specialized equipment. The company is now further strengthening its position on the West Coast through its appointment of Mr Greg Jones.

Rio Tinto to ship less iron ore despite increased demand from China

Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

Cat scales back room and pillar business

CAT said it remains committed to existing customers.

Brazilians disrupt BHP Billiton General Meeting in London, a year after deadly Samarco dam disaster

Outside the meeting, a street theatre re-enactment of the destruction of the Doce River in Minas Gerais, Brazil, was accompanied by testimonials from frontline visitors affected by the company’s operations in Brazil, Colombia and Indonesia.

World's largest miner wants 50 pct of workforce to be female by 2025: report

"We challenge dated stereotypes about jobs in the resources industry.”

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

Thermal coal just hit $100 per tonne and may stay this high until 2017

The last time prices for the commodity were this high was in 2012.

Pac Rim Mining loses suit against El Salvador

The company was ordered to pay $8 million in legal fees and costs to the Salvadoran government.

Caterpillar CEO Oberhelman to step down in March

Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.

Evolution Mining acquires copper-gold project from Newcrest

Small but growing Australian gold producer Evolution Mining (ASX:EVN) has taken a bite out of its much larger, dual-listed rival, Newcrest Mining (ASX:NCM, TSX:NM)

Cyclones off Western Australia could hike iron ore price 

Western Australia, which hosts the Pilbara iron ore belt, has a 67% chance of getting more than the average 11 tropical cyclones from November to April.

World’s two largest gold producers disagree on mine value

Newmont is interested in buying Barrick Gold’s half of the Kalgoorlie Super Pit "at the right price."

CEO Gary Goldberg dishes on Newmont Mining's aggressive investment program

"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."

Aussie iron ore magnate Rinehart takes her children to court again

The move comes about 17 months after her children — John Hancock and Bianca Rinehart — won control of the family fund.

New Mexican lithium discovery for Australian-Canadian partners

The assays result ranged from 347ppm to 1000ppm Li, the highest values received to date from the project.

World's largest miner gets rejected

SolGold says BHP Billiton's offer not in its best interest.

Uranium miner looking at gold

Aura Energy has set its hopes on a gold deposit next to its uranium Tiris project in Mauritania.

RNC Minerals ups exposure to near-record Aussie gold price

Debt refinancing provides big boost for ramp-up and development of Beta Hunt gold mine in Western Australia acquired in May.

CHART: Despite unnerving gold price fall, mining rally's intact

While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.

US coal legend Ernie Thrasher close to bagging Anglo mines

Thrasher's Xcoal and private equity firm Apollo said to be in exclusive talks to buy Anglo American's mines in Queensland amid coking coal price surge.

Strike continues at Anglo American’s Australian coal mine

140 workers remain on strike.

Hitachi Construction to buy Australia’s Bradken for $528 million

In the absence of a superior bid Bradken’s board has unanimously recommended shareholders to support the deal.

Chinese firm buys Anglo American niobium and phosphate operation in Brazil

CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.