Australia Mining News

Miners going broke – worst still to come

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

Global gold output to remain weak despite price recovery

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Glencore buys major stake in troubled Aussie iron ore miner

It now owns 8.47% of Atlas Iron, which gives Glencore direct exposure to iron ore production.

OZMin says first copper from Carrapateena in 2019

OZ Minerals (ASX:OZL) is betting big on copper with plans to begin mining ore at its Carrapateena underground mine by 2019.

Worst week for iron ore price since October 2011

Rout continues ahead of crucial Chinese import data.

Rio Tinto goes ahead with $5.3 billion expansion of Oyu Tolgoi

Construction of the massive mine's underground portion will begin within months, with first production expected by 2020.

Copper price breakout point coming soon

New study shows existing mines, committed projects will fill demand gap only until the end of the decade – then follows "marked downtrend in production"

Iron ore price drops below $60

Down 9% since Monday as Chinese speculators pull out and Rio Tinto CEO warns of oversupply.

INFOGRAPHIC: The riskiest places to live

Risk, from a mathematical perspective, is the probability of an event multiplied by its potential impact.

Iron ore price plummets as Chinese stockpiles rise

The drop comes as stockpiles in China, the world’s biggest buyer, climbed 1.2% to 98.5 million tons last week.

This is the biggest violet diamond Rio Tinto has ever found

The rare 2.83-carat violet diamond, named The Argyle Violet, is the largest of its kind ever found at the miner's remote operation in Western Australia.

Simba S7 – a production drill with game changing precision

Atlas Copco, one of the leading providers of sustainable productivity solutions, is introducing a new and improved model in the production drill category: Simba S7. The Simba S7 shows off with its game changing precision, assuring more precise drilling and less waste.

Barrick ‘is back’ chairman Thornton tells shareholders

Barrick Gold has reduced its debt load, reshuffle management and sold several assets.

Potential lithium brines investigated in Australia

As society becomes more dependent on technology, metals like lithium are in high demand.

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.

Iron ore price: Only question now is how rapid the fall

Beijing clampdown on Chinese commodity markets where six out of ten of the world's most active derivates are now traded doesn't bode well for iron ore price.

Barrick Gold swings to quarterly loss, but trims debt further

The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.

Barrick’s fourth CFO in five years may be what shareholders were waiting for

Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

This insect’s guts could be key for mining remediation

The new method would allow for specialized plants, which are critical for biodiversity, to be re-established faster around old iron ore mines.

CAT sales latest sign of mining improvement

World's number one heavy equipment manufacturer arrests sales decline in March.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Newmont Mining investigating bribery allegations

The gold and copper miner didn’t specified where the alleged misconduct took place.

Services sector saves jobless miners in Australia

While Queensland's miners axed 22,000 positions between 2013 and 2015, health and community services created new jobs for almost double that number.