Australia Mining News

Glencore extends lockout at Australia coal mine as talks stall again

Glencore has extended a lockout of 190 workers at Oaky North mine in eastern Australia for a further two weeks.

New Century raises $53M to restart mothballed zinc mine

The Century zinc mine in Queensland could be churning out ore again thanks to a $52.9 million private placement raised by owner New Century Resources (ASX:NCZ).

Copper miners to see profit grow further in 2018 — report

Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows.

Thailand faces arbitration over decision to shut only active gold mine

Owner, Australian Kingsgate Consolidated, will begin arbitration under the Thailand-Australia Free Trade Agreement (TAFTA) to try to recover “the substantial losses” it has incurred.

BHP aims for more copper, oil; steers away from EV minerals

BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.

Stratex shareholders block Crusader mining deal

Shareholders of miner Stratex International blocked reverse takeover of Australian-listed Crusader Resources and voted CEO Marcus Engelbrecht out of office.

Australia's Capricorn copper mine set to start production in Nov

A joint venture between EMR and mining group Lighthouse Minerals, the operation is expected to produce 25,000-35,000 tonnes of copper concentrate a year.

BHP to step up copper exploration, expansions to meet electric vehicles sector’s rising demand

World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.

Metso acquires WEARX to strengthen its position in mining services in Australia

WEARX has their headquarters in Newcastle, with operations also in Ballina, Orange and Perth.

MICROMINE is pleased to announce the release of Pitram 4.9

Pitram 4.9 enables improved control over operation, allowing sites to increase their real-time data and business intelligence.

Qteq Board Welcomes Mining Professional

Perth-based mining and corporate governance specialist Mark Donovan has been appointed to the Board of Qteq Pty Ltd as a non-executive director.

Innovation & Collaboration at IMARC 2017

MICROMINE will be exhibiting at the annual International Mining and Resource Conference 2017 in Melbourne. Running from the 30th of October – November 2nd

Unit of Austria's Voestalpine seeks year-long cobalt deal in race for supply

Demand for cobalt is expected to soar in coming years as governments battle pollution and more electric cars are built.

Recovering global miners face fresh squeeze from rising costs

Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

In bizarre twist, coal may become a scarce commodity: Russell

The current debate surrounding coal is generally one of how long it will continue to play a role in the world's energy mix before it is replaced by cleaner alternatives, but the coming years may see a deficit in seaborne markets for the polluting fuel.

IMARC set to exceed industry expectations

IMARC set to exceed industry expectations having confirmed more than 3,500 people to attend – a 40 per cent increase on last year’s attendance.

Major Guinea bauxite mine to start producing in 2019

Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.

Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

Australia notified China of Adani coal mine approvals in letter

Australian politicians told China of government approvals for controversial A$16.5-billion ($13-billion) coal mine project being built by Adani Enterprises.

Australia's Newcrest Q1 gold output falls, quake-hit mine eyed

Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.

Rio opens books to over half-dozen possible suitors for Australia coal mines

If successful, the mines could fetch around $2bn and complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminum.

BHP presents united front against activist Elliott

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.

BHP expects China's growth to ease modestly over short term

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

BHP presents united front against activist Elliott

Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.