Australia

BHP-Mitsubishi axing 700 coal mining jobs

Cecilia Jamasmie | September 23, 2014
BHP-Mitsubishi axing 700 coal mining jobs

Companies said over-staffing in the current environment was threatening the viability of their Australian operations.

Double-digit unemployment for Australia’s minerals professionals

AusIMM - The Minerals Institute | September 9, 2014
Double-digit unemployment for Australia's minerals professionals

The gloomy figure includes geologists and mining engineers.

Frik Els

How the India-China trade summit could rock iron ore

Frik Els | September 8, 2014
How the India-China trade summit could rock iron ore

Reviving the China-India ore trade which peaked at 120mtpa in 2009 could be part of a grand bargain when Modi and Xi meet for the first time in New Delhi.

Goldcorp: We have hit PEAK gold

Frik Els | September 8, 2014
Goldcorp: We have hit PEAK gold

CEO Chuck Jeannes says barring a major technological breakthrough global gold production probably peaked in 2013.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Australia’s exploration spending down the slippery slope

Cecilia Jamasmie | September 7, 2014
Australia’s exploration spending down the slippery slope

The figure recently hit a seven-year low, rising concerns over how these cost-cutting measures may delay the country’s next generation of mines.

INFOGRAPHIC: A forecast of when the world's resources will run out

Cecilia Jamasmie | September 7, 2014
INFOGRAPHIC: Here is when the world's resources will run out

Here is one interpretation of how much is left on Earth.

Australia signs uranium export deal with India

Cecilia Jamasmie | September 5, 2014
Australia seeks deal to sell uranium to India

The country lifted a long-standing ban on selling uranium to energy-starved India in 2012 and both have been negotiating a nuclear safeguards agreement since then.

Iron ore price hits unwelcome 5-year-low

Cecilia Jamasmie | September 4, 2014
Iron ore price hits unwelcome 5-year-low

After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.

Australia kills unpopular mining tax

Cecilia Jamasmie | September 3, 2014
Australia kills mining tax

The decision is considered a key political victory for Prime Minister Tony Abbott.

Rare earth, other mining projects pile up in northern Europe

Cecilia Jamasmie | September 3, 2014
Rare earth, other mining projects pile up in northern Europe

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

Cecilia Jamasmie

China’s antitrust crackdown threatens BHP demerger

Cecilia Jamasmie | September 2, 2014
China’s antitrust crackdown threatens BHP demerger

Following a meeting with BHP’s China boss, Beijing issued a statement saying it believed that “BHP and other iron ore suppliers should avoid abusing dominant market positions."

Rinehart's Roy Hill starts owner-operator mining

Frik Els | September 1, 2014
What a $200m mine camp looks like

When Australia's richest person launched the ambitious $10 billion, 55m tonnes a year project iron ore was trading at more than $130 a tonne.

Burnt fingers in Guadalcanal gold mine battle

Frik Els | September 1, 2014
Australian gold mining firm pushed off Guadalcanal

With bondholders facing possibility of default, Australia's St Barbara needs a quick "win-win" exit from its Solomon Islands gold mine taken over by illegal miners.

Iron ore prices approaching 5-year low

Cecilia Jamasmie | August 29, 2014
Iron ore prices hit lowest in five years

Monthly loss up to 8.4%

Western Australia puts around $2bn in state-owned assets on chopping block

Cecilia Jamasmie | August 28, 2014
Western Australia puts around $2bn in state-owned assets on chopping block

The iron ore-rich state is the latest of Australia's debt-laden regional governments to announce a selloff of state-owned infrastructure.

Iron ore falls again, hits fresh two-year low

Cecilia Jamasmie | August 27, 2014
Iron ore falls again, hits fresh two-year low

If the steel-making material loses another $2 a tonne, it will be the lowest since October 2009.

Cecilia Jamasmie

Largest iron ore miners smashing Chinese competitors

Cecilia Jamasmie | August 27, 2014
Largest iron ore miners smashing Chinese competitors

There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.

Canaccord's Luke Smith: Five Aussie companies with cash flows, low costs and MOUs

The Mining Report | August 26, 2014

Now more than ever, only select mining companies are attracting investors.

Iron ore price drops to 2-year low

Frik Els | August 26, 2014
Iron ore drops to 2-year low

Spot falls to $88.90 a tonne as iron ore price suffers weakest quarter since 2009.

Australian mining mogul apologizes to China over 'mongrels' remarks

Cecilia Jamasmie | August 26, 2014
Australian mining mogul apologizes to China over 'mongrels' remarks

In a letter to China's ambassador to Australia, Clive Palmer expressed regret for "any insult to the Chinese people caused by any of the language" he used.

Report: Worst is surely over for explorers

Frik Els | August 25, 2014
Report: Worst is surely over for explorers

Capital raising for exploration up more than 32%.

New $15bn coal mine in Australia to hire over 5,000 workers

Cecilia Jamasmie | August 25, 2014
New $15bn coal mine in Australia to hire over 5,000 workers

And that's only during the construction phase.

Cliffs Natural Resources up on $200m buyback plan

Cecilia Jamasmie | August 25, 2014
Cliffs Natural Resources up on $200m buyback plan

The new repurchase program will remain active until Dec. 31, 2015.

Here is how Australia spent its mining boom bonanza

Cecilia Jamasmie | August 25, 2014
This is what Australia did with its mining boom bonanza

Economists say the mining boom increased Australian living standards substantially.

Tasmanian mining industry looks to future after closures, falling prices: ABC

MINING.com Editor | August 24, 2014
Tasmanian mining

Anxiety rising in the region.

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