Australia Mining News

Rio's now mining iron ore for $14.30 a tonne

It's newly approved Silvergrass mine will make its margins even fatter.

Rio cautious on outlook as earnings halve

"The global economy seems stuck in a subdued low-productivity growth pattern," says world's number two miner after reporting lowest earnings in 12 years.

Simandou shelving great for Rio, rivals

$20 billion West African iron ore mega-project had the potential to lower long-term iron ore price by $5 per tonne according to new report.

Australia cashes in on bauxite boom, fuelled by Chinese demand

Bauxite miners ride the wave as China steps up aluminum production.

Crowdfunding in the mining sector: will the UK be next to join this trend?

The concept has been around for some time in various fields, including new technology, entertainment and media, and has been relatively successful. As a result, some mining companies have decided to utilise it.

Leadership matters: Interview with ex-Rio Tinto head Sam Walsh

I expect that the Mining Industry will look very different in 20 years.

Flinders enters into loan agreement with PIO Mines Pty Limited

The loan agreement will assist Flinders in meeting its short term capital requirements.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

This deal will make Newmont the world's top gold miner

Barrick's off-loading half of the Kalgoorlie Super Pit and Newmont, its partner and operator of the iconic Aussie mine, would be the natural buyer.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Iron ore breaks the $60 per tonne barrier, extending week’s rally to 9%

With this jump, the commodity's gains are close to 9% for the week and almost 40% so far this year.

Australia’s future innovators build bridges to better engineering skills

Judging of the 250 entries in the 2016 Aurecon Bridge Building Competition has begun, with the first of eight judging events around the country commencing today at the Adelaide Judging Day of entries from 13 schools at the Art Gallery of SA.

HP, Glencore, Syncrude linked to human right abuses from climate change

Companies responsible for the majority of fossil fuel products that have been manufactured, marketed, and sold since the industrial revolution and have contributed the lion’s share of cumulative global emissions of industrial CO2 and methane, have been ordered to respond to a legal petition that triggered the first-ever national human rights investigation concerning climate change.

Iron ore price jumps on China anti-dumping move

China Miners' Association want action against Vale, Rio Tinto and BHP Billiton for flooding domestic market with cheap ore.

Road re-alignment commences for new Penny’s Find gold mine

Cardno Spectrum Surveyors of Kalgoorlie has been commissioned to commence survey work

Caterpillar further cuts profit, sales forecast

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Synergy Resource Capital identifies lithium project in Argentina for Millennial Lithium

Synergy Resource Capital is pleased to announce that it has successfully identified a lithium project in Argentina for Millennial Lithium, a publicly listed company trading in the TSX Venture Exchange.

Rising metal prices help AngloGold Ashanti swing back to profit

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Mineral sands on the move

Australia’s largest mineral-sands producer, Iluka Resources, is seeing a turnaround in prices for its products.

US elections to give gold prices fresh boost despite roadblocks — analysts

Gold hit a three-week low in early US trading Wednesday, but analysts believe the overall trend is upward.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

BHP's copper output to bounce back

World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.