Australia Mining News

Legacy Iron under the radar, NMDC transformative for Mt Bevan Iron Ore Project

Legacy Iron Ore (ASX: LCY) is an iron ore exploration company that is based in Western Australia, and is developing the Mt Bevan Iron Ore Project, which has the potential to develop into one of the largest resources of iron ore in the Central Yilgarn.

Mining safety changes challenged at Pike Inquiry

Department of Labour officials are expected to be grilled on changes to mining regulations as the Royal Commission of Inquiry into the Pike River disaster continues today.

Forrest digs heels in over WA royalty deal

ANDREW "Twiggy" Forrest, one of Australia's richest men and a champion of the fight against indigenous disadvantage, is being accused of ripping off traditional owners in a West Australian iron ore royalties deal. The mining magnate wants to develop

Magma Metals finds high grade gold at western Australian project

July 18 (Reuters) - Magma Metals Ltd: * Provides an update on the griffins find gold project * Says lodged exploration licence applications over gneiss belt to north and south of the griffins find gold project * Results from final 6 holes included 8m @

Carbon tax threatens Vic economy: Baillieu (AAP)

The federal government's carbon tax will jeopardise the reliability of Victoria's power supply, drive energy prices higher and cost jobs, the state government says.Premier Ted Baillieu said the tax was a direct threat to the state's electricity supplies,

Nearmap.com reports 2000% soar in FY11 revenue

Perth-based geospatial mapping company, nearmap.com, has reported a 2000 percent year-on-year growth in revenue for FY11 (July-June) to the ASX.

Goldminex inks $20m copper farm-in deal with Vale

PERTH (miningweekly.com) Brazilian mining giant Vale has signed a $20-million farm-in agreement with Australian listed junior Goldminex Resources over its Papua New Guinea copper assets. Under the farm-in agreement, Vale had the right to earn a 51%

Toro Energy steps up consolidation of WA regional uranium resources

Toro Energy ( ASX: TOE ) has boosted its Wiluna uranium resources by 25% with the acquisition of the Nowthanna deposit in Western Australia. Toro has paid A$1.3 million in cash and 10 million Toro shares at A$0.15 per share for two exploration

Citic Pacific's budget blown as WA ore project costs soar

The Australian reports China-backed Citic Pacific's $US5.2 billion West Australian iron ore project has been hit with a $US900 million budget blowout in another sign of growing costs in the booming resource state. The cost increase is the second for Sino Iron – the largest magnetite iron ore project under development globally – whose first production target has been pushed back again.

Australia's WPG fast-tracks Buzzard to operate parallel to Peculiar Knob

Australian iron ore developer WPG Resources said on Friday it will bring forward its Buzzard direct shipping ore project at Hawks Nest in South Australia. Drilling at the site has already commenced so that the mine can operate in parallel to its flaghship Peculiar Knob project (pictured) growing output to 5 mtpa. WPG stock received a lift on the news and ended Friday's trading in Sydney up more than 4%, bringing its gains for the year to 24%.

Norilsk restarts Australia nickel mine mothballed during recession

Norilsk Nickel, world number one nickel and palladium producer and Russia's biggest miner, announced on Friday it is restarting operations at its Maggie Hays mine near Lake Johnston in West Australia. Norilsk mothballed Maggie Hays bought from BHP and the other Australian operations it acquired in 2007 two years later as the financial crisis cut demand. Stainless steel production accounts for around two-thirds of nickel consumption.

BHP drags market lower

Local shares have closed lower, dragged down by losses in Australian mining giant BHP Billiton.The market also had a weak lead from overseas markets, after Federal Reserve chairman Ben Bernanke deflated investors' stimulus hopes.The All Ordinaries

OceanaGold appoints CFO

(MELBOURNE) OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) ("the Company") is pleased to announce the appointment of Mark Chamberlain as Chief Financial Officer to commence August 1st 2011. Mark Chamberlain has over 30 years experience covering a

Spending $2,400 a month to keep a truck running in a mine

BBC's Jeremy Clarkson, a car enthusiast who hosts the show Top Gear, ran a documentary on an underground mine in Kalgoorlie, Australia, and learned about the exceptional wear-and-tear exacted on the vehicles. "Here, 2,700 feet down there are machines that have never and will never see the light of day. In one mine there are 300 miles of roads and that means the only means to get about is in a car. They are used for getting men, machines and explosives to the face, and then getting the hell out," narrates Clarkson.

Is Australia's proposed carbon tax strong enough to do any good?

In August 2010, when Julia Gillard was campaigning in the national election, she made a promise: "There will be no carbon tax under the government I lead," she said to an Australian television channel.

Legal bid to stop Vic coal power station

Environment groups trying to stop the construction of a new coal-fired power station in Victoria say it would add millions of tonnes to Australia's annual greenhouse gas pollution.

Gloucester Coal completes two acquisitions

Gloucester Coal has completed two acquisitions designed to create a leading Australian coal miner worth about $2 billion. Gloucester said it had completed the purchase of Donaldson Coal Holdings, which owns three NSW coal mines, from Asian commodities trader Noble Group.

Fortescue iron ore shipments jump

Fortescue Metals Group expects to ship 12 to 12.5 million tonnes of iron ore in the September quarter after shipments rose 38 per cent in the June quarter.

Calls to stop Central Coast coal mining

The Federal member for Wyong has called on the State Government to ban all coal mining in the region. Dobell Federal Labor MP Craig Thomson said the government must legislate “to stop coal mining once and for all in the valleys of Wyong Shire”, according to the Express Advocate.

Changes to reporting criteria for coal and CSG exploration in NSW

Changes have been made to the planning and performance reporting criteria for the New South Wales coal and coal seam gas industries.

Orocobre updates drilling results from Salinas Grandes lithium-potash project

Australia's Orocobre Limited advised on Thursday that it is now in receipt of the analytical results from the brine samples taken during the core drilling program at the Salinas Grandes Lithium-Potash project in Salta Province, […]

Apollo Minerals metallurgical results point to commercial iron ore production at Mt Oscar

Apollo Minerals (ASX: AON) has received metallurgical test work results from the initial drilling program of Unit A at its Mt Oscar Main Iron Ore Project, indicating potential to produce iron ore concentrates suitable for steel making.

BHP industrial action heats up

Industrial action at BHP Billiton Limited's (ASX:BHP) Queensland mines is heating up as workers fight for more job security and pay rises. According to Fairfax Media more than 400 BHP workers have started strikes at the global miner’s coking coal mines after failed talks between the company and its employees.

Ansaldo extends Rio relationship

Rio Tinto has awarded $45 million in new railway signalling and communications contracts to international rail infrastructure group Ansaldo STS.

Multiple warnings over Pike River mine’s safety

A New Zealand mine expert told the Pike River inquiry he gave multiple warnings over safety risks at the coal mine.