Australia Mining News

Rio Tinto’s exclusive Argyle Pink Diamonds Tender inspires luxury jewellery collections in New York

Rio Tinto’s 2016 Argyle Pink Diamonds Tender collection has provided the inspiration for a US$20 million showcase of iconic pink and blue diamond jewellery pieces and limited edition collections of exquisite jewellery in New York.

Precious metals, nickel, zinc likely to outperform over next 2 years — analysts

The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.

Australia’s biggest underground mine halts production

The power outage was the product of strong winds and heavy rain caused by what has been called “the most extreme weather system” that has hit the area in decades.

Kirkland to buy Newmarket Gold in Cdn$1 billion deal

The combined company, to be known as Kirkland Lake Gold, will have a market capitalization of about Cdn$2.4 billion and produce more than 500,000 ounces of the yellow metal a year.

Will Anglo stick to radical restructuring plans?

A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.

US miner goes after rare earths in the Cook Islands

Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.

Coal rally puts the brakes on asset sales in sector

Prices above $200 a tonne are suddenly making companies that mine the steel-making commodity more unattractive.

Iron ore price: High cost miners face bloodbath

Increased supply from Brazil and Australia will results in 300 million tonnes of price-induced curtailments through 2020 says new report.

Iron giants to add 200 million tons of supplies through 2020

The world’s two largest iron-ore exporters Brazil and Australia will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a slump that will then force marginal miners to cut output, according to Citigroup Inc.

Stunning coking coal rally wreaks havoc in steel, iron ore

Coking coal/iron ore ratio at 16-year low.

Royal Nickel's move into gold gathers pace

Now called RNC Minerals, the Toronto-based miner raises $9.2m to ramp up Australian gold mine acquired in May as Eric Sprott takes 10% stake.

Caterpillar sees green shoots in mining, but sales far from picking up

The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.

BHP CEO pay cut in half over Brazil disaster

Deadly November tailings dam burst at Samarco iron ore mine and commodity downturn key considerations to slash executive pay.

Tintina Resources resubmits operating permit application for Montana copper mine

Montana's Department of Environmental Quality expressed concerns about the Black Butte copper project's potential impacts from tailings.

Here’s what 50 million extra tonnes of iron ore will do to prices

Prices for the steel-making ingredient are down by 9.8% over a month ago and most of the massive projects expected to come on stream this year are not producing at full steam yet.

Five years of deficits will keep zinc price on the boil

New report forecasts very tight market conditions as stocks drop to below 5% of consumption by the end of the decade compared to more than 11% this year.

Breakthrough review shows geoscientists’ job prospects directly tied to mineral commodity price movements

As commodity prices dip, job prospects for geoscientists plummet – with little or no lag time between one outcome following the other.

Rio Tinto is no longer worried about China’s growth

The world’s second largest miner says is now rather “cautiously optimistic” in relation to what China's effect on commodity prices has in store.

Harmony buys out Newcrest stake in Hidden Valley gold mine

Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.

Scoping study boosts confidence in South Australian graphite mine

The finding has Archer Exploration Limited’s 2873 sq km Eyre Peninsula Graphite Project on track to become one of Australia’s first new-era graphite mines.

First heavy rare earths mine in Australia gets pilot plant approved 

The Western Australian Department of Mines and Petroleum (DMP) green-lighted the Browns Range Pilot Plant Project Management Plan earlier this month.

Australia's coal industry outlook ignites dispute

Research suggesting that the country's economy would not be hurt by a gradual phasing out of coal production is met with ire.

Peninsula assays high grade zinc-silver-lead in South Korea

Rock chip assays show grades of up to 25.6% zinc, 669 g/t silver and 19.1% lead.

Glencore coking coal shipments delayed after Australia train accident

The situation could add further heat to prices that have nearly doubled since the start of August.

Abandoned Aussie gold mine to become renewable energy hub

Project addresses one of the biggest challenges faced by the wide-scale adoption of renewable energy — storage.