Australia's EPA has sanctioned a three-fold expansion of Fortescue Metals Group's (ASX:FMG) Solomon Hub, which could sustain production for another 35 years.
Australia Mining News
Mining. No, not the explosive type, but the other where excavation of the Earth takes place in search of minerals for extraction. But, before you get out there prospecting, you have to be aware of the laws, acts and rights which exist.
With this deal, Rio has now agreed to more than $1.3bn in divestments this year.
The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.
The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.
Employees at Rio Tinto's (LON,NYSE,ASX:RIO) Hope Downs 4 mine in Australia will do better than a lump of coal over Christmas this year.
The Johannesburg-based company, however, said it remained interested in a negotiated transaction.
Leading specialist financier Falcon Group opens second Australian office – with a particular focus on providing support to mining and the mining services sector
Fresh rules aim to counter surging prices for the nation’s top energy source.
Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.
South Africa's Gold Fields has already lost nine of these vehicles since it adopted the technology at its St Ives operation, in Western Australia.
New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.
BHP, Fortescue have no plans to follow Rio Tinto in shutting down iron ore mines over end of year holiday period.
The Report confirms that Australia remains the world’s largest coal exporter, contributing more than $40 billion to the national economy.
Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.
As Adani’s Carmichael project continues to gain momentum with the confirmation of construction commencing in 2017, community and industry groups have launched a support campaign on social media.
But US gold mining industry will stagnate says BMI Research in new study.
Beijing clampdown on speculation as Rio Tinto announces closure of Pilbara mine over Christmas.
The larger coil not only covers more ground in less time but its improved depth detection also helps search for gold previously too deep to detect.
Since the industrial revolution of the mid-1800s, processes and technologies across every sector of the modern economy have developed at a rapid pace.
For even the largest of mining equipment companies, keeping over 1000 sets of separate manuals for operators, training, maintenance and parts, continuously up-to-date and accurate would be an arduous, near impossible task.
Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.
Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).
Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.