Australia

Zijin goes after Aussie gold miner in overseas buying spree

Cecilia Jamasmie | June 22, 2015
Zijin goes after Aussie gold miner in overseas buying spree

The Chinese firm already mines gold next door to a Phoenix deposit.

NGOs question Nautilus Minerals report on seafloor mining ‘minimum’ impacts

Cecilia Jamasmie | June 16, 2015
NGOs question Nautilus Minerals report on seafloor mining ‘minimum’ impacts

They are calling the company's shareholders “not to pay the price of ignorance” when it comes to investing in the Solwara 1 deep sea copper, gold mining project in Papua New Guinea.

Rio Tinto mulls $300M writedown as uranium mine expansion cancelled

Cecilia Jamasmie | June 12, 2015
Rio Tinto mulls $300M writedown as uranium mine expansion cancelled

Operations ceased at Ranger in 2011 and the underground expansion project was the only hope of future mining at the site.

Toro Halves Debt In $12m Deal With Major Shareholder, The Sentient Group

Toro Energy | June 11, 2015

Uranium developer, Toro Energy Limited is pleased to announce the signing of a binding terms sheet with major company shareholder, The Sentient Group that will enable Toro to repay in full its current A$12 million debt facility provided by Macquarie Bank.

Mine financing: 2015 off to dismal start

Frik Els | June 11, 2015
Mine financing: 2015 off to dismal start

A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.

Producers rally on soaring iron ore price

Frik Els | June 10, 2015
Producers rally on soaring iron ore price

Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.

SNC-Lavalin awarded early works for Kitumba Copper Project

SNC-Lavalin | June 10, 2015

SNC-Lavalin is pleased to announce that it has been selected by Intrepid Mines Zambia Limited to carry out Phase 1 Early Work Activities on the Kitumba Copper Project Definitive Feasibility Study. The project is located in Mumbwa District in the Central Province of Zambia, approximately 200km west of the capital, Lusaka.

AngloGold shares surge after selling U.S. mine

Business Report | June 10, 2015

AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.

South32 mulls writing down stake in South African manganese venture

Cecilia Jamasmie | June 9, 2015
South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

Iron ore price holds despite 12% fall in Chinese imports

Frik Els | June 8, 2015
Iron ore price holds despite 12% fall in Chinese imports

Iron ore trading at near four-months highs despite sharp drop in Chinese imports, but analysts say rally is "living on borrowed time."

Australia's new iron ore website: Get the Facts

The Minerals Council of Australia has today launched a new website to help better inform the community about Australia's iron ore industry.

Why Western Australia became the center of mine automation

Michael Allan McCrae | June 6, 2015
Greg Lilleyman Group executive Technology and Innovation Rio Tinto

The technology groups key focus.

Newmont sells New Zealand mine to OceanaGold for $101 million

Cecilia Jamasmie | June 5, 2015
Newmont sells New Zealand mine to OceanaGold for $101 million

The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.

Gold mining still most significant source of income in Africa, Asia — WGC

Cecilia Jamasmie | June 5, 2015
Gold mining still most significant source of income in Africa, Asia — WGC

Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.

The world’s top 40 miners saw returns hitting decade-low in 2014 — report

Cecilia Jamasmie | June 4, 2015
The world’s top 40 miners saw returns hitting decade-low in 2014 — report

They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.

Chinese investors eye struggling iron miners in Australia

Cecilia Jamasmie | June 3, 2015
Chinese investors eye struggling iron miners in Australia

China is approaching distressed Australian iron ore miners, hoping to pick them up on the cheap.

Iron ore, copper oversupply here to stay, so get used to it — BHP’s Mackenzie

Cecilia Jamasmie | June 3, 2015
Iron ore, copper oversupply here to stay, so get use to it — BHP’s Mackenzie

BHP Billiton's outspoken chief executive officer believes oversupply will keep global metals prices lower for much longer.

Iron ore price jumps to three-month high

Frik Els | June 3, 2015
Iron ore price jumps to three-month high

Signs of demand improvement as iron ore imports cover at Chinese ports fall to near two-year low.

Gold industry injected $171bn into global economy in 2013

Cecilia Jamasmie | June 2, 2015
Gold industry injected $171bn into global economy in 2013

A World Gold Council report shows the sector's contribution was greater than the GDP of over 150 different countries and larger than the total value of global overseas aid in recent years.

Mining exploration spending in Australia hits decade-low

Cecilia Jamasmie | June 1, 2015
Mining exploration spending in Australia hits decade-low

The dramatic fall was led mainly by the iron ore and coal sectors.

Seafloor copper extraction better than traditional mining — report

Cecilia Jamasmie | June 1, 2015
Seafloor copper mining has less social and environmental impacts than open cut, underground — report

The study, commissioned by Nautilus Minerals, shows seabed copper mining may cause less disruptions to the environment and local communities than terrestrial operations.

Eighty coal jobs gone in Queensland

Michael Allan McCrae | May 31, 2015
Glecore's Collinsville coal cuts jobs Australia Queensland

One-quarter of the company's workforce.

Rio Tinto signs $20M IT services deal with Empired

Empired | May 31, 2015
perth at night empired rio tinto

Contract involves support and project services for more than 170 applications. Empired is based in Perth.

What America can learn from China’s infrastructure

Heavy news indeed for the country known for building the first-of-its-kind transcontinental railway and interstate highway system.

Iron ore tycoon Gina Rinehart loses $3.8bn legal battle

Cecilia Jamasmie | May 28, 2015
Iron ore tycoon Gina Rinehart loses $3.8bn legal battle

She lost control of the family trust, which holds almost 25% of iron ore miner Hancock Prospecting.

Study: Climate affects copper deposits

Climate has a strong impact on copper resources, according to a new research by the University of Idaho and the University of Michigan.

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