Australia Mining News

Samarco top executives take leave two months after Brazil dam burst

CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.

Tough start to 2016 for Aussie nickel miners to continue

It's been a rough start to 2016 for Australian nickel producers with low prices, job cuts and mine closures across the nation.

Gold recovers some shine as global markets collapse

Gold has become this year the best-performing non-agricultural commodity.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

The world's southernmost mines

Chile's Invierno coal mine is, by far, the southernmost mine on the planet.

World's two biggest miners expected to cut dividend

Already beset by plummeting metal prices, BHP Billiton and Rio Tinto now face a new challenge – preparing their shareholders for sharply lower dividends.

Nautilus to test seafloor mining production equipment

The Canadian deep sea miner has signed agreements with United Engineering Services LLC to provide support services associated with wet testing the company’s production and storing equipments.

Mining companies need to prepare for the upturn

When the sector comes back, shareholders will expect their returns.

Rio Tinto freezes all pay for 2016 as commodities rout bites

Chief executive Sam Walsh told employees he expected 2016 to be "an even tougher year" than the last.

Iron ore price drops back below $40

Iron ore price already down 8% in 2016, despite a surge in Chinese imports to 96 million tonnes in December, pushing 2015 cargoes to an all-time high.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

INFOGRAPHIC: Animation – the most populous countries in the world, over 100 years

Today's animation shows how the world's most populous countries will change over the coming years.

Anglo American officially out of the Middle East

The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.

Calling Queensland’s best and brightest mining contractors

Submissions for the Queensland Mining Contractor Awards open today, with entries welcomed across innovation, cost and time saving, product development, engagement and equal opportunity categories.

Political risk seen on the rise in these key mining markets

Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.

Iron ore prices to fall back into the $30s — Citi

Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.

Iron ore price 16% rally off decade low comes to abrupt halt

Hopes pinned on Big 4 to exercise their "unprecedented pricing power".

Miners, commodities traders brace for La Niña

The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.

Gold advanced during 2015 in most major currencies

Gold advanced in both Canadian and Australian dollars, rocketed higher in Argentine pesos and Brazilian real, climbed higher in Mexican pesos, Russian Rubles, South African Rand, Turkish Lira and Ukrainian Hryvnia.

Dominion Diamond shareholders revolt, call for changes

Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.

China won’t approve new coal mines until 2019

The decision, part of a series tough measures, seeks to cut both oversupply and a worsening pollution crisis in the country.

Australian uranium in demand as China goes full steam for nuclear

The global outlook for uranium looks bright, with Asia's burgeoning nuclear energy industry fuelling demand for the radioactive metal.

Former Aussie coal magnate Nathan Tinkler buys Anglo American mine

The Dartbrook coal mine has been mothballed since 2006, when Anglo placed it in care and maintenance.

Mining in 2016: Six reasons to be cheerful

No 3: "The return of inflation could revive demand for hedges including commodities, with gold in particular likely to benefit."

Anglo American sells NSW coal mine for US$36 million

Earlier this month, Anglo announced a "radical" restructuring program.