Australia Mining News

Positive long term outlook for Australia’s mining industry

There is cause for optimism in the resource and mining sector with export values forecast to increase by 35 per cent by 2020-21, according to the Department of Industry, Innovation and Science’s Resources and Energy Quarterly released today.

Iron ore price rally: Stop and smell the roses

Iron ore price surge goes beyond Beijing order to slash emissions during six-month horticulture expo in steelmaking hub.

Copper miners' game of chicken continues

New study predicts lowering of cost curve, marginal mines staying open at all costs will see oversupply persist and fifth year of copper price declines.

BHP Billiton, Wilson Security embroiled in Panama papers saga

The mining giant and a security firm that guards major government buildings are among hundreds of Australian names linked to a Panama law firm that helps the rich hide money.

Anglo American sells majority stake in Australian coal mine

The sale of the Foxleigh mine is part of Anglo’s recently announced exit from coal, which is included in one of the sector’s biggest divestment schemes.

Queensland approves Australia's largest coal mine

The state on Sunday approved three leases covering an area containing 11 billion tonnes of coal, in Queensland's Galilee Basin.

BHP more than triples Brazilian staff in light of Samarco disaster

It has also opened offices in Belo Horizonte, which is more than 100 km (70 miles) from its Samarco interests.

Slowing China tops global executive fears for the first time

March survey by McKinsey sees China trumping geopolitical instability, leadership change, terrorism, refugees and euro break-up as risks to global economy.

Australia to feed Ukraine nuclear power plants

The deal will see Canberra supplying the necessary uranium to feed the European country’s nuclear power plants.

Ghana grants Gold Fields tax rate cut as firm mulls Damang mine faith

The firm has not yet decided whether to inject more cash into Damang or suspend operations.

Aussie mining CEO accused of inciting violence as cops probe activist's murder

The Bench Marks Foundation has accused the CEO of Mineral Resources Commodities (MRC) of inciting violence in an area where an anti-mining activist was murdered last week.

Gold price hike sparks revival in South Australian outback

Strong Australian dollar gold prices are fuelling a renaissance of sorts in gold production from South Australia’s outback.

China’s Zijin Mining profit in 2015 hit by gold, base metal prices slump

Net profit for 2015 dropped by almost 30% to $261 million (1.7 billion yuan) from the previous year's $353 million.

US judge rules Barrick Gold must face group lawsuit over Pascua-Lama mine

Class action claims that Barrick repeatedly and knowingly misled shareholders about whether Pascua-Lama complied with environmental regulations.

These bacteria can help you find rich platinum deposits

Fresh research shows a new role for bacteria in cycling platinum group metals in soils and sediments, offering a better understanding of how to search for them.

The richest and poorest countries in the world

The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

New Rio Tinto chief plays down expansion expectations

Rio sources say 44-year-old French executive's command of operational and financial detail were important factor in appointment.

CAT sales show mining slump only getting worse

Industry bellwether Caterpillar's global mining equipment sales drop 42% as Asia-Pacific and Latin America orders fall off a cliff.

First gold ore mined at Portia

This important milestone was achieved three and a half months earlier than originally scheduled, due to a recent redesign of the mining plan.

Goodbye Sam Walsh: Rio names copper boss as new CEO

The change of leadership comes as the mining giant and its peers look for a way out of a prolonged commodity slump.

Adani $12 billion Carmichael coal project closer to lease

If built, Carmichael would be Australia's largest coal mine.

Bankruptcy looms for world's largest private coal miner

"Substantial doubts" St-Louis-based Peabody Energy with history traced back to 1883 can continue as going concern after missing payment on $6 billion debt.

Mapping the transformation of global nuclear energy

INTERACTIVE: Nuclear electricity output set to grow at fastest clip in over 20 years increasing annual uranium supply needs by more than 100 million pounds.

Australian gold sector ahead of the pack

“It’s a good time to be an Australian gold producer.”

Nautilus Seafloor Production Tools arrive in Oman

The three SPTs are scheduled to undergo extensive wet testing at Duqm Port.