Australia

Former Anglo American executive accused of $9.8 million fraud

Cecilia Jamasmie | January 16, 2015
Former Anglo American executive accused of fraud

The miner is now accusing him of 'misappropriating' $9.8 million, more than twice as much as previously thought.

BHP Billiton Sustainable Communities Donates A$250,000 to the Sampson Flat Bushfire Relief Fund in South Australia

BHP Billiton | January 8, 2015

In response to the significant impact of the recent South Australian bushfires on local communities, BHP Billiton Sustainable Communities today donated A$250,000 to the State Emergency Relief Fund.

Buckley: China’s declining coal dependence Is evident in the data

The bottom line today is that the traditional nexus between real GDP growth, electricity expansion and coal demand is now broken.

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The miner believes that while the market is oversupplied now it will tighten from 2018.

Silver price in 2015: Better the devil you know

Frik Els | January 6, 2015
Silver price in 2015: Better the devil you know

Strong fundamentals will lift the price, but all bets are off if the many ETF investors who bought between $20–$30 lose confidence and start liquidating en masse.

Gold price in 2015: Playing Russian roulette

Frik Els | January 6, 2015
Mining in 2015: Russian roulette with the gold price

The US dollar together with rates and inflation expectations will keep advances in check, but all bets are off if Russia and/or Euroland turn to chaos.

Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

Cecilia Jamasmie | January 5, 2015
Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

In the meantime, the miner will receive silver produced at three other Barrick operations in South America.

Anglo American tries again: submits plan to expand coal mine in Australia

Cecilia Jamasmie | January 5, 2015
Anglo American tries again: submits plan to expand coal mine in Australia

Revised plan plan will see the company mine 75 million tonnes over 17 years instead of 97 million tonnes over 20 years.

Glencore resumes production at Aussie coal mines

Cecilia Jamasmie | January 5, 2015
Glencore resumes production at Aussie coal mines

The three-week suspension aimed at battling a global oversupply of the commodity.

Oceanagold to phase out New Zealand mines

Andrew Topf | January 4, 2015
New Zealand country with its flag and piece of sea on a white background

Oceanagold (TSX, ASX:OGC), an Australia-based gold producer, will start winding down its New Zealand mines to focus on lower-cost production in the Philippines, where it runs the Didipio copper-gold mine north of Manila.

Slow and steady growth tipped for South Australian resources industry

ABC Radio Australia | January 2, 2015

A slow down in the Chinese economy means South Australian miners are looking at a year of minimal growth.

Cliffs closes Bloom Lake iron ore, sells coal assets

Cecilia Jamasmie | January 2, 2015
Cliffs closes Bloom Lake iron ore, sells coal assets

Active production at the Canadian Bloom Lake iron ore mine has completely ceased, and the sale of the firm's its struggling coal division has been completed.

Here is why miners should think ‘accountability’ when talking ‘responsibility’ (Part II)

Cecilia Jamasmie | January 2, 2015
Here is why miners should think ‘accountability’ when talking ‘responsibility’ (Part II)

The concept of a government-backed initiative to manage CSR abroad is being looked at by various nations, including Canada and the U.K.

Chile’s Supreme Court won't hear Barrick appeal on Pascua Lama fine

Cecilia Jamasmie | January 2, 2015
Chile’s Supreme Court won't hear Barrick appeal on Pascua Lama fine

The court refused to consider the appeal on procedural grounds. Chile's environmental regulator will now have to re-evaluate the administrative fines for over $16 million it imposed on the project.

No plans for Gold Ridge mine tailings dam risking overflow

Cecilia Jamasmie | December 31, 2014
No plans for Gold Ridge mine tailings dam risking overflow

Authorities have yet to take action over what the company has qualified as a potential mine disaster that may cost lives and have serious environmental costs.

Worse over for iron ore — Morgan Stanley

Bloomberg | December 31, 2014

Iron ore capped the biggest annual decline in at least five years as surging supplies from the world’s biggest producers outstrip demand growth in China, with the raw material dropping for every quarter in 2014.

Here is why miners should think ‘accountability’ when talking ‘responsibility’ (Part I)

Cecilia Jamasmie | December 31, 2014
Here is why miners should think ‘accountability’ when talking ‘responsibility’

There currently are several practical and legal reasons for companies to have a CSR strategy in place, says expert in the field Elizabeth Adey, in this interview with MINING.com.

U.S. widens battle for global oil market: allows condensate exports

Cecilia Jamasmie | December 31, 2014
U.S. widens battle for global oil market: allows condensate exports

The government also published a list of answers to common questions about crude exports, providing guidance in a matter plagued by confusion.

Iron ore and oil down to financial crisis levels

Cecilia Jamasmie | December 30, 2014
Iron ore and oil down to financial crisis levels

Iron ore and oil, for ages among the strongest commodities, are on course to end 2014 as the worst performing ones.

Iron ore slump fails to end glut as Australia mines grow

Bloomberg | December 30, 2014

The collapse in global iron-ore prices isn’t chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.

Aussie toe cutters girding companies for the long haul

The Gold Report | December 30, 2014

In Australia, when companies want to cut costs, they hire what are known as "toe cutters." These managers root out inefficiency and drive profitability.

Pressures on Australian coal show no signs of ending

Sydney Morning Herald | December 29, 2014

When world leaders assembled at the G20 Summit in Brisbane last month, the corporation selected by the Australian government to address the G20 and spearhead its "thought leadership forum" was none other than United States coal producer Peabody Energy.

The top mining mergers and acquisitions of 2014

Cecilia Jamasmie | December 29, 2014
The top mining mergers and acquisitions of 2014

The deals that were and those that failed. Here is MINING.com’s shortlist.

IMAGE GALLERY: Tipped over and stuck

Michael Allan McCrae | December 27, 2014
tipped on its side

Mine safely.

Iron ore price plummets on Chinese black swan talk

Frik Els | December 23, 2014
Iron ore price plummets on Chinese black swan talk

Iron ore price drops 3.5% Tuesday to levels last seen during the emergence of the spot market.

Atlas Iron to take a $900 million write-down

Cecilia Jamasmie | December 23, 2014
Atlas Iron to take a $900 million write-down

It said the exact amount of the impairment is subject to forecast iron ore prices, exchange rates and market conditions when assessed on December 31.

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