Australia Mining News

World Bank, Germany, Rio and Anglo set up "climate smart" mining fund

The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.

Australia iron ore exports rebound in April, but not enough

Australian exports were about 69.1 million tonnes in April, up 20% from 57.5 million tonnes in March.

GFG to spend up to A$100m on Australian copper, iron ore developer

GFG is building up a South Australian franchise to its global steel and energy business.

Yancoal gets green light for massive expansion at Australian mine

This will allow the miner to increase Cameby Downs thermal coal mine's output from 2.8 million tonnes a year to 3.5 million.

Australia's Newcrest Mining posts 8% rise in Q3 gold output

Total gold production for the three months ended March 31 came in at 623,124 ounces compared with 575,791 ounces a year ago.

Australia’s Alliance Mineral inks key lithium deal with Chinese EV firm

Joint venture with Jiangxi Special Electric Motor, a major Chinese maker of engines for electric vehicles, will allow Alliance to participate in the downstream lithium products market without having to incur the capital costs or risk associated with the construction of a conversion facility.

Still a way to go to achieve gender balance in the mining industry

According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.

Iron ore miners should take advantage of high prices and improve their credit scores: Fitch

The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.

Australia approves Cameco’s controversial uranium mine

Developing Yeelirrie, one of Australia’s biggest undeveloped uranium deposit, will depend on market conditions, said the company.

Australian junior Aurelia goes after Glencore copper mine

Aurelia Metals is in talks with the Swiss miner and commodity trader about a possible acquisition of CSA underground mine, which produced 48,000 tonnes of copper concentrate last year.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

The brash billionaire who wants to make Australia great again

Clive Palmer, who made his fortune in mining, is running for the Senate on his right-of-center United Australia Party ticket.

China's Australian coking coal imports double in March from Feb

Arrivals of Australian coking coal were at 2.23 million tonnes last month, up 92% from 1.16 million tonnes in February.

China said to maintain Australia coal go-slow until after polls

China will maintain a slowdown in coal imports from Australia until Beijing has assessed government policy in Canberra after federal elections in May.

'Land no one else wants' gets solar as coal-and-nukes era fades

Solar and wind farms are being developed or built in places not normally associated with clean energy, and in some regions long resistant to it.

Top miners back autonomous systems guidelines

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

BMW to buy cobalt direct from Australia, Morocco for EV batteries

The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022.

Rio finds one of its largest white diamonds ever at Argyle mine

The 28-carat diamond, named Argyle Octavia, will be auctioned in Antwerp, Belgium.

Australian mining group asks government to repeal nuclear power ban

The Minerals Council of Australia issued a communiqué following Scott Morrison’s comments where he said he would be okay with receiving proposals from the nuclear energy industry.

How energy-deprived areas benefit from vanadium redox batteries

Vanadium redox flow batteries have a 20+ year lifespan and at the end of the battery’s mechanical life, the electrolyte can be re-used over and over again.

Fortescue pares annual iron ore shipments guidance after cyclone

The world's no. 4 iron ore miner cut its fiscal 2019 shipments estimate to 165 million-170 million tonnes, down from 165 million-173 million tonnes.

Australia’s South32 Q3 coking coal production down 37% vs Q2, beats estimate

Production of coking fell to 990 kilo tonnes during the March quarter from 1.6 million tonnes in the second quarter.

Done deal: Newmont Goldcorp becomes world's No. 1 gold miner

Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed on the S&P 500 Index.

BHP cuts FY iron ore production guidance as cyclone hits output

The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes.

Global gold production to hit fresh record in 2019

New report "debunks commentary calling for peak gold."