Australia Mining News

South Australian rare earths complex study buoys Arafura

The advanced rare earths explorer Arafura Resources Ltd (ASX: ARU)has welcomed the release by the South Australian Government of guidelines for an Environmental Impact Statement on a rare earths complex at the industrial city of Whyalla. Details on the EIS guidelines were released today by South Australia's Urban Development and Planning Minister John Rau and Mineral Resources Development Minister Koutsantonis.

Tata Steel sells Riversdale stake to Rio Tinto

India's Tata Steel on Thursday agreed to sell its 26 percent stake in Australia's Riversdale to Rio Tinto for $1.1 billion, giving the Anglo-Australian giant full control of the coal miner. Tata, the world's No 7 steelmaker, will sell shares in an open offer at A$16.5 each. Riversdale shares closed little changed at A$16.50 in Sydney on Thursday before Tata Steel's announcement.

Peel Mining Limited (ASX:PEX) announcs strong IP anomalies at Ruby Silver project

In April/May, Peel Mining Limited (ASX:PEX) undertook an 18 line kilometre IP survey over the historic Tulloch silver mine and Rockvale arsenic mine areas in preparation for an upcoming drill programme. Peel is pleased to report that multiple zones of strong shallow chargeable anomalism have been identified, many of which are coincident or proximal to known historic workings. These chargeable IP responses are interpreted as areas of possibly concentrated sulphide mineralisation and will be high-priority targets for future drill programmes.

Rio Tinto Pleased with LV Marketing Model

Rio Tinto’s inaugural participation in the Las Vegas shows was well received the company said Thursday. The diamond miner sought to support its clients by showcasing them in its boots as well directed visitors to clients' booth via a mobile application. On show at the Rio Tinto booth were a number of elements of its marketing mix, including pink diamonds.

Expert opinion verifies revolutionary new steel making process for Astra Mining

Astra Mining, an Australian diversified mining company, has received an independent expert opinion from Hungary’s University of Miskolc confirming the potential of its revolutionary new steel manufacturing process. The end product, T-Steel, is significantly stronger than regular steel and provides vast production, operational and environmental benefits.

Rio Tinto to spend $676m to speed up iron ore expansion plans

World no.2 iron ore miner Rio Tinto is investing $676 million to speed up its iron ore expansion by six months to capture demand as rival plans to boost production are impeded. Rio said on Wednesday it expects to increase its capacity by 50 percent to 333 million tonnes a year by the first half of 2015.

Xstrata begins magnetite exports from Australia

Mining giant Xstrata PLC says it will begin to export magnetite, a form of iron ore as it seeks to service Asian demand from its mining interests in Australia. The company spent $589 million redeveloping its Ernest Henry copper and gold mine in order to give it iron ore extraction capability.

Astra plans Frankfurt listing, inks Nigerian deal

Diversified Australian miner Astra Mining announced on Wednesday plans to list on the Frankfurt Stock Exchange before the end of August after two days earlier inking a deal to enter the Nigerian market and further expand its global presence. Deal-hungry Astra Mining’s global portfolio includes gold and tin interests in south east Asia and southern India, coal mines in Australia, iron ore in India, manganese in Africa and the commercialisation of a new high-strength steel technology from a base in Hungary.

Perth Now: Catalpa Resources and Conquest Mining announce $1.2bn merger deal

Catalpa Resources and Conquest Mining have agreed to merge and buy a new asset from Newcrest Mining, Perth Now reported. The newspaper says the new entity will acquire a 70 percent stake in Newcrest's Cracow gold mine and will also buy the Mt Rawdon gold mine from Newcrest: In a statement to the Australian Securities Exchange Catalpa and Conquest said the merged company will be in a position to produce 400-450,000 ounces of gold by 2013, putting it into to the top five of the local gold producers. The combined market cap would be about $1.2 billion.

Queensland coalminers on strike for the first time in a decade

More than 400 workers at Melbourne-based BHP Billiton coking coalmines began strikes on Tuesday for the first time in a decade, disrupting production from the world’s largest exporter and adding to the woes of an industry already hard hit by summer floods. Analysts believe the industrial action, added to the 15% cut in annual production caused by monsoon rains and a cyclone, will support rampant prices for steel-making coal which hit an all-time high in April of $330 per tonne.

Richard Karn: 50 specialty metals under supply threat

The Emerging Trends Report is 18 months into a planned 4-year circumnavigation of Australia, investigating specialty metal projects and recommending ASX-listed companies to clients. In this exclusive interview with The Critical Metals Report, we caught up with ETR Managing Editor Richard Karn shortly after he delivered the keynote address to the 2011 Energy and Resource Symposium for an update on the specialty metals market down under.

WPG Resources receives go-ahead to mine Peculiar Knob

WPG Resources announced on Tuesday it has reached a major milestone for the development of its flagship Peculiar Knob (pictured) iron ore mine south east of Coober Pedy in South Australia, after receiving government approval. WPG also said that the company expects that the Mining and Rehabilitation Program for Peculiar Knob will be approved during July. Forecast production at 3.3 million tonnes annually destined for the Asian market is set to commence in late 2011, with sales in the June quarter 2012. Shares in the company jumped 3% amid a flat broader Australian market.

PNG Gold Corporation provides update: additional exploration and development at Imwauna contemplated and private placement financing announcement

PNG Gold Corporation outlined its exploration, development and financing plans for the Imwauna project, Normanby Island, Milne Bay Province, Papua New Guinea. The property contains numerous vein systems that outcrop at surface. The main vein system discovered to date - the Imwauna vein system - hosts high grade, low sulphidation, near-surface epithermal gold-silver mineralization.

Iron Road reports positive prefeasibility study results for Central Eyre iron project

Iron Road Limited (ASX:IRD) is pleased to announce the results of a Prefeasibility Study (PFS) conducted over the Murphy South and Boo-Loo deposits at the flagship Central Eyre Iron Project (CEIP) in South Australia. Prefeasibility Study underpins strong project fundamentals and development potential - 12.4 million tonne per annum iron concentrate operation based on the current Mineral Resource (Stage 1 'base case').

HK limo company closer to $931m takeover of two Australian iron ore juniors

Perth-based iron ore junior FerrAus is set to accept Hong Kong limousine and investment company Wah Nam International's $170m takeover offer after the HK company gained a controlling stake in another miner in the region Brockman Resources. ASX-listed FerrAus said last month it will consider reversing its rejection of Wah Nam's bid because of the logic of developing FerrAus and Brockman neighbouring deposits together. Ferraus stock added over 5% on Tuesday, while Brockman had lost more than 12% at the close of the Australian bourse.

Xstrata to begin iron ore shipments from Australia

Xstrata Plc will start exporting iron ore concentrate to Asian buyers from Australia on Wednesday as part of a A$589 million redesign of its Ernest Henry copper and gold mine, the company said on Tuesday. Exports of the magnetite-type material at a rate of 1.2 million tonnes a year are a key component of Xstrata plan to transform the Ernest Henry mine from an open-cut design to an underground one, the company said.

Carbon tax will create jobs says Gillard

As a coal industry study points to up to 14,000 jobs at risk, Prime Minister Julia Gillard says a carbon price will create more jobs in mining. An Australian Coal Association (ACA) survey of 82 […]

Immigration surges as Australia’s mining boom resonates in Europe

About 100 men in their 20s and 30s, filled a conference room at a Dublin hotel last week to hear a migration agent describe the personal fortunes waiting to be made a world away in the booming mining towns of the Australian outback. With unemployment running at close to 15 percent in Ireland, and local wages a fraction of those now on offer in Australia, it appeared to be an easy sell.

BHP Billiton to be hit by strike after offer to unions rejected

BHP Billiton Ltd. (BHP) said Monday that rolling strikes at its coal operations in Australia's resource-rich Bowen Basin are set to go ahead this week after labor unions rejected an offer to hold paid meetings with members during

Mining tax mystery tour

THE Gillard government's credibility is about to take another battering, this time on one of its more complex and ad hoc tax reforms, the minerals and resources rent tax, as some key players in the […]

Essar Group plans more overseas coal, iron ore asset buys-report

Indian conglomerate Essar Groupplans to acquire more coal and iron ore assets in Indonesia,Australia and Africa as it seeks to meet robust demand in India, Bloomberg reported …

JV agreements to produce K-Fuel – coal upgrading technology

WPG Resources and Evergreen Energy have signed the agreements that set up the joint venture between them to develop and produce K-Fuel®, Evergreen’s coal upgrading technology, throughout Australia. WPG’s subsidiary, Southern Coal Holdings, will be […]

Australia's Fortescue says would be hit harder by mine tax

"BHP (Billiton) , Rio Tinto and Xstrata were able to avoid most of this tax because they were all in the room when this tax was decided," Andrew Forrest told a news conference.

The miner's drilling plans excite the market, while Bayan makes a back-door ASX listing.

GARIMPEIRO last had a look at Kentor Gold (ASX: KGL) back in July 2009 when it was an $8 million company and had just picked up the Andash gold/copper project in the most alphabetic of […]

Xstrata has cleared the final hurdle in purchasing $A175 million worth of copper deposits in north-west Queensland.

The ABC reports shareholders in Exco Resources voted on Thursday in favour of selling the assets to the Swiss mining company.