Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.
Biggest jump of the year lifts iron ore price more than 6% off 2015 low.
Australian uranium could end up in India’s nuclear weapons program thanks to concessions the Abbott government made in the deal between the two countries, two nuclear experts have warned.
Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.
Newcrest Mining, one of the world's biggest gold producers, said on Friday it was open to selling its Telfer gold and copper mine in Australia, once the company's flagship operation.
Output at Canadian gold mines surged 29% last year, surpassing South Africa for the first time in history. US production dives more than 8%.
Wide release is set for Sunday.
A re-evaluation of the Sissingué Gold Project in Côte d'Ivoire is underway with an updated feasibility study due to be completed in the March quarter.
"Potentially reducing our operating costs in the long run."
World Nuclear Association (WNA) applauds news of a Royal Commission to assess whether South Australia should expand the role of nuclear energy, as announced on Sunday (8 February) by state Premier Jay Weatherill. This will lead to an objective assessment …
The Portia gold mine is located near the New South Wales border with more than 50,000 ounces of gold to be recovered from an open-pit mine.
In this interview with The Mining Report, Desormeaux notes that lithium is less dependent on short-term economic cycles than commodities like oil and copper, and says demand for lithium will grow faster than the global economy.
These reports today should be a loud warning for any investors and financier.
Prices "need to decline to a level that's so painful higher-cost Chinese mines will be forced to give up".
“Its use of offshore, low-tax jurisdictions in relation to its Australian operations, and the apparent uncertainty about ownership of the Abbot Point Port lease, raise questions about the ability of the public to scrutinize a project of such huge economic and environmental significance.”
Shanghai trader: "This Chinese New Year procurement period is very different from past years."
BHP Billiton President Iron Ore, Jimmy Wilson, today announced plans to cut unit costs at Western Australia Iron Ore (WAIO) by at least 25 per cent and the potential to increase capacity there by 65 million tonnes per year at a very low capital cost.
No money for iron ore.
The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.
The decision caps off a dreadful month for South Australia’s mining sector.
Paladin Energy, an Australian mining company, has been accused of discharging uranium-contaminated sludge into Lake Malawi, which supports 1.7 million people in three countries – Malawi, Mozambique and Tanzania.
The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
A well-known mining publication has just announced that RungePincockMinarco (RPM) has won their annual innovation award in the category of Mine Planning/Resource Modeling for their XPAC Solutions suite of products.
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
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