Australia

BHP Iron Ore: OK already, we'll stop expanding

Frik Els | November 20, 2014
Iron ore price stabilizes: BHP, Rio, analysts say fall 'temporary'

CEO Andrew Mackenzie tells shareholders while output is still increasing at no. 3 producer, it's been three years since new spending was approved.

Argyle Diamond Mine celebrates 10 year anniversary of landmark Participation Agreement

Rio Tinto | November 21, 2014

The Argyle Participation Agreement remains one of the most comprehensive agreements ever made in Australia between a resource company and Traditional Owners.

Rinehart children's Roy Hill lawsuit to be fought in public

Frik Els | November 20, 2014
Details of Rinehart childrens' Roy Hill ownership lawsuit to be made public

Billionaire iron ore tycoon Gina Rinehart loses fight to keep secret court proceedings in family dispute over ownership of Roy Hill and Hope Downs iron ore mines.

Australia FTA with China: shift from mining to dining

HSBC Bank | November 19, 2014
Australia FTA with China: shift from mining to dining

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

Credit Suisse analyst Michael Slifirski: new non-Chinese graphite and vanadium supply could create new demand

The Mining Report | November 18, 2014
Graphite

More may really be better for end users and mining companies when it comes to graphite.

Iron ore price crashes 4%

Frik Els | November 18, 2014
Iron ore price crashes 4%

Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

Rio Tinto, Sinosteel extend Australian iron ore joint venture

Cecilia Jamasmie | November 17, 2014
Rio Tinto, Sinosteel extend Australian iron ore joint venture

The partnership dates back to 1987, in the early stages of the development of the Chinese steel industry.

India's uranium pact with Australia going full speed ahead

Mineweb | November 16, 2014

Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.

BHP abandons Venus nickel project in Australia

Cecilia Jamasmie | November 14, 2014
BHP abandons Venus nickel project in Australia

The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

Iron ore price gains after summit

Frik Els | November 13, 2014
Iron ore price gains after summit

Chinese steel mills restart production but ore demand remains modest.

BHP, Rio Tinto call for global deal to push clean coal

Cecilia Jamasmie | November 13, 2014
BHP, Rio Tinto call for global deal to push clean coal

Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.

Barrick names new executive director for Pascua-Lama

Cecilia Jamasmie | November 13, 2014
Barrick names new executive director for Pascua-Lama

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

Fortescue to BHP, Rio: Don't hurt our relationship with China

Frik Els | November 12, 2014
Fortescue to BHP, Rio: Don't hurt our relationship with China

Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.

BHP Billiton says scraps sale of Nickel West division

Reuters | November 12, 2014

The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.

Barrick to push ahead with Pascua Lama, ‘no margin for error’

Cecilia Jamasmie | November 12, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Finishing the project would take time and around $4 billion more of what Barrick has already invested.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Rinehart's children launch Roy Hill ownership suit

Frik Els | November 11, 2014
Rinehart's children launch Roy Hill ownership suit

In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.

Jack Lifton: Innovation is the key to rare earth independence

The Mining Report | November 11, 2014
rare earth mining

Centralized modern processing could make it possible for mining companies in the United States, Europe and Australia to start producing truly critical materials with small capex.

Weak oil price, currencies helping miners stay afloat

Frik Els | November 11, 2014

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

Lithium processing breakthrough delivers 25 year option for Australia's Cobre Montana

Cobre Montana NL | November 11, 2014

Locks in exclusive rights to the only practical processing technology globally able to recover lithium from mica group minerals (sheet silicates)

Yanzhou Coal injects $2.8bn into troubled Australian unit

Cecilia Jamasmie | November 10, 2014
Yanzhou Coal injects $2.8bn into troubled Australian unit

In an attempt to keep Yancoal afloat as coal prices trade near multi-year lows.

Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Cecilia Jamasmie | November 10, 2014
Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Mine operator and Rio's subsidiary Turquoise Hill said Monday they have made an offer to the government of Mongolia to resolve matters in a manner deemed "beneficial to all stakeholders.”

BHP closer to unveiling details of upcoming spin-off

Cecilia Jamasmie | November 9, 2014
BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

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