Australia

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

Cecilia Jamasmie | October 9, 2014
Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

Cecilia Jamasmie | October 6, 2014
Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.

Macmines pushes China Stone mine in Galilee Basin despite price fall

The Australian | October 5, 2014

The $6 billion China Stone thermal coal project slated for Queensland is pushing on, despite sliding prices and other mine clos­ures, with the proponents submitting a plan to export 38 million tonnes of thermal coal a year.

BHP Billiton Donates US$400,000 to Ebola Response in West Africa

BHP Billiton | October 3, 2014
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In response to the widespread devastation caused by the Ebola outbreak in West Africa, BHP Billiton Sustainable Communities has donated US$400,000 to the Pooled World Health Organisation (WHO) Ebola Response fund.

Anglo American to start mining at massive iron ore project in Brazil

Cecilia Jamasmie | October 1, 2014
Anglo American to start mining at massive iron ore project in Brazil

The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.

Rio Tinto, Glencore could save $500m by joining coal businesses

Cecilia Jamasmie | September 30, 2014
Rio Tinto, Glencore could save $500m by joining coal businesses

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

Argyle pink diamond ring worth $577k stolen in Australia

Cecilia Jamasmie | September 29, 2014
Argyle pink diamond ring worth $577k stolen in Australia

Each of the diamonds in the ring is laser inscribed with a serial number.

Coal mining revival in Canada's Alberta eyed by Australian company

CBC Ottawa | September 29, 2014

The Crowsnest Pass in southern Alberta hasn't seen a working coal mine in decades, but an Australian company has a plan to change that.

Uranium exploration deal for Northern Territory

Australian Mining | September 29, 2014

Uranium mining hopeful Toro Energy has signed a farm-in joint venture deal with nuclear powerhouse AREVA Resources.

Vale and Sumitomo have decided to close their Isaac Plains coalmine in Queenslands Bowen Basin

Sydney Morning Herald | September 29, 2014

The Australian coal sector continues to contract sharply, with hundreds of workers at another Queensland mine set to be told of imminent job losses on Tuesday morning.

World Gold Council bullish on demand, ETFs role

Cecilia Jamasmie | September 26, 2014
World Gold Council bullish on demand, ETFs role in the market

Industry body sees demand rising as economic growth lifts consumers’ incomes.

Aussie court stops Palmer's firm attempt to axe Citic Pacific mining rights

Cecilia Jamasmie | September 26, 2014
Aussie court stops Palmer's firm attempt to axe Citic Pacific mining rights

Today’s interim injunction prevents Mineralogy from stripping its Chinese business partner from its iron ore mining rights in the Pilbara.

BHP freezes executive pay

Frik Els | September 25, 2014
BHP Billiton cuts spending by 25%

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Northern Dynasty scores temporary win in battle against EPA

Cecilia Jamasmie | September 25, 2014
Northern Dynasty scores temporary win in battle against EPA over Pebble mine

U.S. federal court won't make a final decision until at least January 2, 2015.

CHART: BHP before and after spin-off

Frik Els | September 25, 2014
CHART: BHP before and after spin-off

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

Iron ore trade to grow 35% over five years

Frik Els | September 24, 2014
China's inland mills could be in market for 300mt seaborne iron ore

Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.

BHP to go ahead with London-listing of demerged $15bn firm

Cecilia Jamasmie | September 24, 2014
BHP to go ahead with London-listing of demerged $15bn firm

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

China’s iron ore imports to fall in September — report

Cecilia Jamasmie | September 24, 2014
China’s iron ore imports to fall in September — report

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.

Australia's housing boom offsets collapse in mining jobs

The Guardian | September 24, 2014

Is the transition complete?

Low metal prices put chill on global mineral exploration

Cecilia Jamasmie | September 24, 2014
Low metal prices put chill on global mineral exploration

Fresh data suggests it is still too early to celebrate a recovery in the sector.

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.

What will Ivan buy next? Take 2

Frik Els | September 18, 2014
What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Australia govt forecast: Iron ore price below $100 for 5 years

Frik Els | September 17, 2014
Australia govt forecast: Iron ore price below $100 for 5 years

Iron ore will recover to above $90 a tonne over the medium term, but dips to low $70s not ruled out.

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

Frik Els

What will Ivan buy next?

Frik Els | September 15, 2014
What will Ivan buy next?

A GlenTinto is not as far-fetched as it sounds.

Iron ore price in stunning turnaround

Frik Els | September 15, 2014
Iron ore price in stunning turnaround

Up nearly 4% on Monday; rallying after weeks of intense selling.

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