Australia Mining News

Australia’s Tiger Resources to fast-track plans to explore potential cobalt production at its African copper project

Tiger Resources Managing Director, Mr Michael Griffiths, released the positive results of an independent study the Company had commissioned to investigate the viability of producing cobalt at its Kipoi Project in the Democratic Republic of Congo (DRC).

Australian think tank seeks more strategic approach to engaging Africa's economy and mining sector

The call was made in Perth today by the Canberra-based Australian Strategic Policy Institute (ASPI) in an address to the third and final day of the Paydirt 2016 Africa Down Under mining conference, drawing on findings from its second Aus-Africa Dialogue held in Zambia in 2015 with the South Africa-based Brenthurst Foundation.

Lucapa finds another massive diamond at Lulo, biggest pink yet

The 38.6-carat coloured stone is the largest “fancy” pink diamond recovered to date from Lulo.

Harmony eyes lift in total gold output to 1.5moz pa and to add wider African gold acquisitions

The world’s fifth largest gold producer has told a Perth mining forum today that it plans to lift its total output to 1.5 million ounces a year within three years as it combines its increasing output from African and PNG mines.

US, China climate pact devastating for coal price

New study forecasts global thermal coal trade to shrink by 373 million tonnes per year, leading to minimum 30% fall in coal prices post 2020.

Near record China imports can't hold up iron ore price

August shipments third best month on record as price slips to six-week low and BHP warns of new supply pushing prices down further.

Tasmania govt wants to restart Australia's oldest mine

In commercial production since 1896, the Mount Lyell copper and gold mine on Tasmania's west coast was put on care and maintenance two years ago.

BHP Billiton launches Prospects blog

The blogs will offer views on economics, commodities outlook and individual markets, and broader issues such as policy, governance and our social contribution.

Caterpillar to close Belgium plant, lay off 2000 workers

The possible plant closure, which could cost around 2,000 jobs, is part of a global restructuring plan announced in September that could see CAT cutting as many as 10,000 jobs globally in the coming years.

Barrick appoints new exec to restart Argentine side of Pascua-Lama

George Bee will assume as vice president of the Argentine side of the project effective Sep. 12.

Ownership of Panguna copper-gold mine triggers fresh dispute

Conflict comes as Rio Tinto donated its majority stake in the operation to both Papua New Guinea and the Autonomous Region of Bougainville last month.

Coking coal prices are on fire — up more than 80% in six months

This kind of coal, used in steel-making, jumped 41% in August alone to nearly $140 a tonne.

This Aussie miner will pay shareholders in gold

Resolute Mining, a junior with operations across Australia and Africa, said the novel gold-linked dividend policy is a world first.

BHP whistleblower paid $3.7 million

The first time the SEC has paid an Australian whistleblower in a corruption case.

Australian fund takes over Anglo American’s Foxleigh coal mine

The sale is part of Anglo’s plan to exit coal as well as the miner's divestment scheme aimed to raise between $3bn and $4bn by year-end.

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.

Maintenance optimisation program ‘shuts down’ competition

New software that enables an optimal, streamlined approach to mine plant shutdown scheduling to fast track maintenance was the overall winner at today’s Curtin Commercial Innovation Awards, resulting in $15,000 for its inventors.

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

This Australian man just found a massive 4kg gold nugget

Named “Friday’s Joy,” it is expected to sell for more than $190,000.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

3D exploration model opens up South Australia

A 3D model showing underground landscapes to a depth of 100km of an entire Australian state has been launched.

Bright export prospects for Australian equipment manufacturer

With a one-piece-flow process, built using Lean Manufacturing principles, the team completed the machines on budget and on time.

Iron ore’s rally has its days numbered — Citi

Citi analysts believe the steel-making ingredient will average $51 a tonne in the final quarter of 2016 and fall to $45 next year.

Independent report calls for urgent inquiry into McArthur River Mines risk

A report published Tuesday by the Mineral Policy Institute on environmental risks at McArthur River Mine in the Gulf of Carpentaria makes the case for an immediate inquiry into the mine’s operation and evaluates pit backfill as the preferred option for pollution control.