Australia

Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Cecilia Jamasmie | April 24, 2014
Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.

First seabed mine to go ahead as Nautilus solves dispute with PNG

Cecilia Jamasmie | April 24, 2014
First seabed mine to go ahead as Nautilus solves dispute with PNG

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.

Cecilia Jamasmie

Barrick-Newmont merger could be as good as gold

Cecilia Jamasmie | April 23, 2014
Barrick-Newmont merger could be as good as gold

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.

BHP cuts ribbon at its $3.6bn Jimblebar iron ore mine expansion

Cecilia Jamasmie | April 23, 2014
BHP cuts ribbon at its $3.6bn Jimblebar iron ore mine expansion

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.

Australia’s $6.5bn Oakajee project backer holds long record of shady businesses

Cecilia Jamasmie | April 22, 2014
Australia’s $6.5bn Oakajee project backer holds long record of shady business

The Oakajee port and rail project has the potential to become one of the major suppliers of Australian iron ore to Asia.

US first rare earth mine in decades may be in Wyoming

Cecilia Jamasmie | April 20, 2014
US first rare earth mine in decades may be in Wyoming

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.

One more reason iron ore price won't stray too far from $120

Frik Els | April 18, 2014
One more reason iron ore price won't stray far from $120

Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.

China, Japan and ‘mystery local billionaire’ potential developers of Oakajee project

Cecilia Jamasmie | April 17, 2014
China, Japan and ‘mistery local billionaire’ potential developers of Oakajee project

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.

Fortescue misses expectations, vows to step up output to meet target

Cecilia Jamasmie | April 16, 2014
Fortescue Metals misses expectations, vows to step up output to meet target

Australia's third biggest iron ore miner won’t give up on its full year export target of 127 million tonnes.

Australia to begin exporting uranium to the Middle East

Cecilia Jamasmie | April 16, 2014
Australia to begin exporting uranium to the Middle East

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 iron miners risk losing market share to Australian competitors

Cecilia Jamasmie | April 16, 2014
Brazil’s iron miners risk losing market share to Australian competitors

Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 16, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Two workers killed in wall collapse at Australian coal mine

Cecilia Jamasmie | April 16, 2014
Two workers trapped after collapse at Australian coal mine

The employees died following the incident at the Austar coal mine in the Hunter Valley region of New South Wales state.

BHP at full throttle

Frik Els | April 15, 2014
BHP at full throttle

Operational update shows record production achieved for four commodities and at 10 operations.

Rio Tinto iron ore output falls short

Frik Els | April 14, 2014
Rio Tinto iron ore output falls short

But copper production shoots up 17% in first quarter.

UPDATE: The Ore Wars after the Flash Crash

Frik Els | April 13, 2014
UPDATE: The Ore Wars after the Flash Crash

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 can't do for coking coal prices what it did for iron ore

Frik Els | April 13, 2014
BHP can't do for coking coal prices what it did for iron ore

BHP is losing big money on its push for a coking coal spot market.

Copper, iron ore imports defy China weakness

Frik Els | April 10, 2014
Copper, iron ore imports defy China weakness

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Signs of Chinese import surge lifts iron ore price to 6-week high

Frik Els | April 9, 2014
UPDATE: The Ore Wars after the Flash Crash

Iron ore is honing in on the $120 a tonne-level, long considered an industry price floor.

Moly Mines plunges as suspension from ASX trading looms

Cecilia Jamasmie | April 9, 2014
Copper, iron ore miners take huge hits

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

Iron ore price tracks higher as Chinese finance deals unravel

Frik Els | April 8, 2014
Iron ore price recovery continues as Chinese finance deals unravel

Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.

BHP wants to build world’s largest underground coal mine

Cecilia Jamasmie | April 8, 2014
BHP wants to build world’s largest underground coal mine

But it is planning to do so at the fertile Liverpool Plains, an extensive agricultural area, which is predictably raising opposition from locals.

BHP's Illawarra Coal cuts 36 jobs

Cecilia Jamasmie | April 8, 2014
More job cuts at BHP's coal operations in Australia

About 36 contractor and head office positions on the line.

PICTURE OF THE DAY: Mining coal that is on fire

Michael Allan McCrae | April 7, 2014
mining mayhem coal on fire

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 Tinto walks away from massive Pebble copper-gold project

Cecilia Jamasmie | April 7, 2014
Rio Tinto walks away from massive Pebble copper-gold project

Rio becomes the second large diversified miner, after Anglo American, to back out of the project in less than seven months.

Rio Tinto to propose new plan after losing court battle over mine expansion

Cecilia Jamasmie | April 7, 2014
Rio Tinto to propose new plan after losing court battle over mine expansion

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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