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.
Australia Mining News
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.
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 […]
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 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
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 […]
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 …
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 […]
"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.
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.
The recent pullback of the market has created some value opportunities. Out of all the healthy sectors in the global economy, the leading mining companies are some of the best bargains on the market. With […]
Chinalco Yunnan Copper Resources Limited has now earned a 70 per cent equity interest in the Mary Kathleen Joint Venture with Goldsearch Limited, located in North Queensland, Australia. CYU previously announced commencement of drilling on […]
Australia-listed Newcrest Mining cut its full-year gold production guidance to 2.7 million ounces from 2.82 million due to a power failure that disrupted operations at its Lihir mine in Papua New Guinea. "Repair work in the power station has commenced and a phased return to full operating capacity is planned over the next three weeks," the company said in a statement.
Proactive Investors Australia: Integra Mining hits record gold production of 7,909 ounces at Randalls in May
Proactive Investors Australia reports: Integra Mining (ASX: IGR) has achieved record monthly gold production of 7,909 ounces in May at the Randalls Gold Project in Western Australia, following the equally impressive production of 7,609 ounces in April.
An International Patent Application has been filed for the revolutionary new hydrometallurgical process developed for TNG’s 100%-owned Mount Peake iron-vanadium project in the Northern Territory, Australia. The newly-named TIVANTM Process was jointly developed last year in conjunction with TNG’s metallurgical consultants, Mineral Engineering Technical Services (METS). For the first time using hydrometallurgy, the TIVAN process has successfully extracted commercial grades of vanadium, titanium and iron from the Mount Peake deposit, which is hosted by a similar rock type (magnetite-gabbro) to that which hosts most known vanadium deposits worldwide.
Australia moved closer to introducing a contentious 30 percent mining tax being eyed by other countries, releasing draft laws and seeking reaction from resource companies to legislation expected to be passed later this year. The government unveiled the mining tax over a year ago but modified its plan before last August' s elections after global miners including BHP Billiton , Rio Tinto , and Xstrata launched a public campaign against it. Big miners and minority lawmakers are now broadly supportive and the legislation is expected to pass parliament and take effect on July 1, 2012.
Metso will supply crushing equipment to Fortescue Metals Group in Australia. The delivery will be completed by May 2012. The value of the order is approximately EUR34 million. The order comprises 13 units of MP1000 secondary cone crushers. Three units will be delivered to Fortescue’s Christmas Creek iron ore site, and another ten units will go to the Solomon iron ore mine site. Both sites are located in the Pilbara region in Western Australia. The crushers will be supplied to the sites in pre-assembled, modularised form. Metso will also be providing installation and commissioning assistance of all units.
Rio Tinto’s Mine of the Future program tests advanced technologies for surface and underground mining, exploration and mineral recovery | International Mining
Rio Tinto is testing new techniques for underground drifting, mineral exploration and improved recovery of ore in its latest push to develop competitive advantage through its Mine of the FutureTM program. Launched in 2008, the program, covered extensively in articles in International Mining, introduces next-generation technologies for mining operations to reduce costs, increase efficiency and improve health, safety and environmental performance.
Evergreen Energy and WPG Resources establish Southern Coal Holdings (SCH) to produce K-Fuel in the Pacific Basin Region | Business Wire
Evergreen Energy Inc. (NYSE Arca: EEE) announced it has completed the formation of its venture with WPG Resources (ASX: WPG), an Australian listed mineral resources company, to jointly develop and produce K-Fuel®, Evergreen’s coal upgrading technology, throughout Australia. This agreement was foreshadowed in the memorandum of understanding announced by Evergreen on February 2, 2011.
Australia said the Fukushima nuclear disaster in Japan would not curb the world's appetite for uranium and predicted its exports will continue to rise as its develops more mines. Spending on exploration in Australia to find more uranium is expected to rise by more than third this year, Australia's minister for mines, Martin Ferguson, said in a speech to geologists on Thursday.
Australian prospectors are scouring remote outback locations for new sources of iron ore to rival the big western lodes dominated by Rio Tinto and BHP Billiton , spurred on by China's swelling appetite. Analysts expect most of Australia's iron ore to keep coming from Western Australia's Pilbara region, the world's single largest deposit, which is seen producing about 400 million tonnes this year.
Australia-listed Newcrest Mining cut its full-year gold production guidance to 2.7 million ounces from 2.82 million due to a power failure that disrupted operations at its Lihir mine in Papua New Guinea. "Repair work in […]
The credibility of the coal royalties estimates in next week’s state Budget will rest on the Queensland Government’s resolve to do more to allow the removal of flood waters from Queensland coal mines, according to the state’s main minerals and energy industry group.
Indophil Resources NL announced an institutional placement to raise approximately A$24.5 million and a 1 for 1 pro-rata non-renounceable entitlement offer, to raise approximately A$165 million with the issue price under the Placement and Entitlement Offer at A$0.35 per new security.