Australia

Moly Mines plunges as suspension from ASX trading looms

Cecilia Jamasmie | April 9, 2014
Copper, iron ore miners take huge hits

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

Iron ore price ends first quarter with a bang

Frik Els | March 31, 2014
Iron ore price ends first quarter with a bang

Price of steelmaking raw material up 4% on Monday, erasing all of March's steep losses. Forecaster says move back above $130 a tonne on the cards.

Former mining tycoon goes on trial over mafia gang in China

Cecilia Jamasmie | March 31, 2014
Former mining tycoon goes on trial over mafia gang in China

Liu Han is accused of running a criminal network to build his fortune.

Declining coal prices to hit producers even harder

Cecilia Jamasmie | March 31, 2014
Declining coal prices to hit producers even harder

Australian coal miners to be the most affected.

Coking coal price crashes through $100

Frik Els | March 27, 2014
Coking coal price crashes through $100

Spot Australian coking coal export price in single digits for the first time and contract prices at 6-year lows.

Glencore Xstrata shutting Australia’s Ravensworth coal mine down

Cecilia Jamasmie | March 27, 2014
Glencore Xstrata shutting Australia’s Ravensworth coal mine

The miner blamed the decision on weak coal prices, high costs and a strong local dollar.

Australia slashes iron ore price forecast again

Frik Els | March 26, 2014
Australia slashes iron ore price forecast again

Official commodity researcher of Australia cuts outlook for 2014 and predicts steady decline for the rest of the decade.

Why nickel may be just beginning a major breakout move

Demand for nickel is increasing every year.

CHART: Unprecedented growth of global financial assets

Ana Komnenic | March 25, 2014
Unprecedented growth of global financial assets

But gold holdings represent only 1% of all financial assets.

Frik Els

World's top fund manager: relax about emerging markets

Frik Els | March 25, 2014
World's top fund manager: relax about emerging markets

But dependence on China makes today's emerging market turmoil different from other periods.

Mark Lackey: What happens to a mine deferred?

The Mining Report | March 25, 2014
Mark Lackey: What happens to a mine deferred?

The shuttering of huge copper and iron ore projects gives the Street the blues, but the resulting squeeze in supply can lead to explosive price hikes.

Rio Tinto, Russians to begin work at massive Canadian potash deposit by 2017

Cecilia Jamasmie | March 25, 2014
Rio Tinto, Russians to begin work at massive Canadian potash deposit by 2017

KP405 is said to have enough of the fertilizer ingredient to sustain a mine for decades.

SouthGobi hit badly by coal prices slump, seeks funding to avert default

Cecilia Jamasmie | March 24, 2014
SouthGobi hit badly by coal prices slump, seeks funding to avert default

The Vancouver-based miner said it expected coal prices to remain weak.

Gas sector to replace mining as Australia’s main growth driver

Cecilia Jamasmie | March 24, 2014
Gas sector to replace mining as Australia’s main growth driver

Together with other four key industries, gas could add $250 billion to the economy over the next two decades, shows a new study.

'Inevitable large surplus' to crush iron ore price to double digits

Frik Els | March 23, 2014
Rio Tinto iron ore output falls short

Iron ore price is already down 17.% this year, but supply ramp up of cheap ore will result in further falls in the second half of 2014 says new research report.

Rio Tinto demands carbon capture progress, but doesn’t want to pay for it

Cecilia Jamasmie | March 21, 2014
Rio Tinto demands carbon capture progress, but doesn’t want to pay for it

The miner's energy division chief, Harry Kenyon-Slaney, said current climate change policy debate is idealistic and too focused on renewable energy.

Rinehart's Roy Hill iron ore project gets much needed $7.2bn fund injection

Cecilia Jamasmie | March 20, 2014
Rinehart's Roy Hill iron ore project gets much needed $7.2bn fund injection

After 18 months of negotiations the firm has pulled off a seemingly unachievable total of $10 billion.

Miners among most productive, happiest workers in the world: study

Cecilia Jamasmie | March 20, 2014
Miners among most productive, happiest workers in the world: study

Reveals cross-industry survey, which analyzed responses from over 30,000 professionals.

Chinese demand for Australian commodities not about to 'decline drastically' – Fitch

Ana Komnenic | March 19, 2014
Chinese demand for Australian commodities still strong - Fitch

But China's incremental demand for commodities may have peaked.

MMG confirms negotiations with Glencore over Las Bambas; no guarantee of agreement

Ana Komnenic | March 19, 2014
MMG confirms negotiations with Glencore Xstrata over Las Bambas

This is the first statement in which MMG has confirmed its intention to buy Las Bambas.

Juniors see Australia’s new tax incentive as a lifesaver

Cecilia Jamasmie | March 19, 2014
Juniors see Australia’s new tax incentive as a lifesaver

Currently 19% of Aussie geoscientists are unemployed, compared with fewer than 2% three years ago.

Jeb Handwerger: China isn't slowing down, it's buying up (resources, that is)

The Energy Report | March 18, 2014
China isn't slowing down, it's buying up

Headlines about a Chinese economic slowdown may get good web traffic, but the real story is that China is buying up uranium and other resources around the world.

BHP and Rio Tinto to be lent $100 million by Australia's government

The Australian | March 17, 2014

Companies will get $100 million for a joint-venture in Chile, under the latest funding deal by Australia's controversial Export Finance and Insurance Corporation.

Rio Tinto sitting on vast Canadian potash deposit near BHP mine

Cecilia Jamasmie | March 17, 2014
Rio Tinto sitting on vast Canadian potash deposit near BHP mine

Rio's partner in the project claims there is the potential for a long-life, low-cost mine.

BHP’s Mackenzie vows ‘substantial’ cash returns to shareholders by June

Cecilia Jamasmie | March 16, 2014
BHP Billiton mulls spinning off non-core divisions into a $18bn firm

The only stumbling block is the firm's $27bn net debt, which BHP expects to drop below $25bn in three months, removing the final hurdle.

Rio Tinto to pay an extra $75 million in taxes on new rulings

Cecilia Jamasmie | March 16, 2014
Rio Tinto to pay an extra $75 million in taxes on new rulings

The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.

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