Australia Mining News

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.

Industrea win Lady Annie contract

Industrea’s mining services division has won a contract extension at the Lady Annie copper mine. The contractor announced it won a 12 month extension to its heavy equipment hire and maintenance work at the Lady Annie mine, valued at approximately $14.4 million.

Quarterly output rise flagged for Rio

Analysts expect mining giant Rio Tinto will reveal a quarter-on-quarter production rise later after rain hampered many of its Australian operations in the three months to March.

Federal Court to hear coal sale row (ABC)

An Australian coal company at loggerheads with a Brazilian-based partner over a central Queensland mine will seek damages in the Federal Court.

Size can matter with carbon tax

It’s become colloquially known as ‘Carbon Sunday’ after the ALP bucked traditional trend, announcing its carbon tax to the nation on a Sunday, ahead of a five-week parliamentary break.

Northgate Minerals to acquire Primero Mining for $370 million

Northgate Minerals announced on Wednesday that it will acquire Primero Mining for $370 million. The new company, which will have a combined market capitalization of approximately $1.2 billion, will be a mid-tier gold producer and will tie together the San Dimas mine in Mexico; the Fosterville and Stawell gold mines in Australia; and the Young-Davidson gold development project in Ontario.

Port of Port Hedland – how to ship 1 million tonnes of iron ore each day!

The Port of Port Hedland is undergoing major capacity expansion to cater for the growth in export volume from the iron ore industry. The Port of Port Hedland plays a critical role in the growth of the Regional, State and National economies.

Mine blast blamed on safety

The explosion that ripped through Pike River mine last year had its origin in changes to mining regulations in the 1990s, a former chief inspector of coal mines told the inquiry into the tragedy.

Derek Fisher, CEO and MD of Moly Mines, talks about the construction of the Spinifex Ridge molybdenum/copper mine

Derek Fisher, CEO & MD of Moly Mines, talks about the construction of the Spinifex Ridge molybdenum/copper mine, 45 years of production, funding for the power station & gas pipeline, fixed price engineering contract, mining 1 million tonnes of iron ore per year, & netting about A$60-70 dollars a tonne

Minara Resources trims full year guidance

Australia's no. 2 nickel miner Minara Resources , which is resuming full production runs following repair work at its Murrin Murrin ore processing plant, trimmed its full-year production guidance on Wednesday. Minara, 71 percent-owned by commodities trader Glencore International , cut its guidance to 29,000-32,000 tonnes of nickel in 2011 from between 33,000 and 37,000 tonnes.

Australia's ERA Q2 uranium output slides 84%, ups 2011 guidance

Australian uranium miner Energy Resources of Australia on Wednesday reported an 84 percent drop in second-quarter production from three months earlier, blaming voluntary interruptions in production due to safety concerns on flooding, but lifted its full-year production guidance.

Kagara boosts quarterly zinc production

Zinc and copper producer Kagara posted a 121 per cent jump in zinc production for the June quarter on reduced cash costs of 74 US cents (69.60 Australian cents) per pound.

Australia market rattled by carbon tax, debt woes

Stocks sank to their lowest point this month after a sharp selloff on renewed concerns over the carbon tax and international debt woes. The S&P/ASX 200 Index closed down 86.9 points, or 1.9 per cent, at 4495.4. Almost $25 billion was wiped from the value of the bourse.

Vale idea to keep Isaac mine operating

Brazilian mining giant Vale has moved to resolve an impasse with joint venture partner Aquila Resources to keep their Isaac Plains export coal mine in Queensland operating.

Australia carbon tax hits shares of miners, airlines

Coal miners, steel firms and airlines were sold off on Monday a day after Australia's unpopular government introduced a carbon tax scheme, while power suppliers warned the tax could risk 4-6 billion Australian dollars in assets if banks tightened financing.

Coal will boom but at a cost – miners

Queensland's coal industry will grow under carbon pricing but it will come at a cost, its industry body says. Queensland Resources Council members voiced their concerns to Premier Anna Bligh on Monday afternoon after the federal government announced its

Coal shares gain after Macarthur bid

Macarthur Coal shares soared almost 40 per cent after Peabody Energy's near $5 billion takeover bid, providing a stock price boost to others in the Australian coal sector. The shares closed up $4.06, or 36.64 per cent, at $15.14 on Tuesday, Macarthur's highest finish since late April.

Highlands Pacific: Frieda on track for BFS in January 2012

Source: News BitesHighlands Pacific Ltd announced joint venture partner Xstrata Copper has completed infill drilling at the Frieda copper gold project in PNG with an updated resource estimate due in August prior to formal delivery of a bankable

Carbon, mining taxes won't stop investment: analysts

The Federal Government's sales pitch on its carbon pollution policy is getting a boost from an unlikely source - the world's biggest privately-owned coal miner.

Australian PM hails coal miner takeover bid

Australian Prime Minister Julia Gillard has hailed a takeover bid for a Queensland coal mine as proof her carbon price package won't kill off the sector. US energy giant Peabody Energy Corp is making a second tilt for Macarthur Coal within 14 months, this time through a $5 billion bid in tandem with the world's largest steel maker, ArcelorMittal.