Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.
Under the agreement, the Papua New Guinea government paid Nautilus $7 million, which entitles it to a 15% stake in the project, with an option to increase it by another 15% in the next 12 months.
The new gold giant would have a market value of $33 billion, operations on five continents, and a gold output of well over 12 million ounces a year.
The mine has an initial annual production capacity of 35 million tonnes and is a key part of BHP's plans to lift capacity from its Pilbara operations to 220 million tonnes a year.
The Oakajee port and rail project has the potential to become one of the major suppliers of Australian iron ore to Asia.
At the moment about 90% of the world’s rare earths —used in a variety of industries including green technology, defence systems and consumer electronics— come from China.
Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.
While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.
Australia's third biggest iron ore miner won’t give up on its full year export target of 127 million tonnes.
The deal, signed in 2012, could see Aussie miners exporting up to 800 tonnes of yellow cake a year to the Middle East by the end of the decade.
Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.
Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.
The employees died following the incident at the Austar coal mine in the Hunter Valley region of New South Wales state.
Operational update shows record production achieved for four commodities and at 10 operations.
But copper production shoots up 17% in first quarter.
The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.
BHP is losing big money on its push for a coking coal spot market.
China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.
Iron ore is honing in on the $120 a tonne-level, long considered an industry price floor.
The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.
Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.
But it is planning to do so at the fertile Liverpool Plains, an extensive agricultural area, which is predictably raising opposition from locals.
About 36 contractor and head office positions on the line.
Mining Mayhem posted photos of Blair Athol, a coal mine located in Queensland, that is combusting while it gets excavated. Photos are not dated. In October Rio Tinto announced plans to sell the mine. Post by Mining Mayhem. Post by …
Rio becomes the second large diversified miner, after Anglo American, to back out of the project in less than seven months.
While Rio plans to submit a revised plan to keep its Warkworth mine viable, opponents vow to fight any new proposal.
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