Australia Mining News

Moody’s sees weak lithium prices in 2020 due to projects frenzy

Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.

Superior Gold drills Hermes South in Australia

The company is trying to expand the existing resource at Hermes South and determine if it could become another open pit mine.

Rio Tinto green lights $2.6B Koodaideri iron ore mine investment

Construction will start next year with first production expected in late 2021.

India's Adani says to fully fund its troubled Australia coal project

Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.

Rio Tinto to proceed with $2.6B iron ore mine in Western Australia

Construction for the project will start in 2019, with first production expected in late-2021.

Australia's Fortescue readies first shipment of new mid-grade iron ore

The new product is a major step in the miner's strategy to wring more value from its iron ore after profits halved last financial year.

This Australian mining tool could save lives world-wide

HEX-RITE is a lifting tool used for charging high explosives into drawpoints associated with block-cave, sublevel-cave and open stope mining.

BHP unveils world-class copper find near Olympic Dam in South Australia

It is already being called by some experts “the thickest high-grade copper intersection seen in years.”

Rio Tinto leads copper charge into Western Australia's Paterson region

Rio's interest in the area has sparked a stampede into adjacent lots by other explorers, who see Rio's aggressive activity as an indicator of a highly promising find.

MacMines Australia gets environmental nod for mega coal mine in Queensland

The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually.

Gold production to grow in the next four years: report

According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.

Indonesia to settle Freeport environment issues in weeks – ministry official

That deal is expected to end years of wrangling over ownership rights to Grasberg, the world's second-biggest copper mine.

Mineral Resources signs $1.1B lithium deal with Albemarle

Mineral Resources shares spiked on the news, closing Thursday 26.6% higher at A$15.76.

Maverix Metals raises guidance for 2018

Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.

BHP searching for assets with lessons learned during downturn in mind

The company’s chief financial officer has outlined a detailed plan on how to not waste a whole lot of shareholders’ money again.

BHP expected to catch up on iron ore shipments

BHP's maintenance work on its Port Hedland facilities, spare rail capacity and 40 ships waiting to be loaded means it will be able to make its production target for June 2018 - July 2019.

BHP officially drops 'Billiton' from name

BHP Billiton and BHP Billiton Plc are now BHP Group and BHP Group Plc respectively and all the tickers, including the ones on the London Stock Exchange and the Johannesburg Stock Exchange will switch to “BHP” on Nov. 23.

Superior Gold drilling toward Q1 2019 resource update at Plutonic

Superior Gold has found more than 50 grams of gold in six intersections and more than 20 grams in 15 intersections.

BHP to pay $390m to settle tax bill dispute over Singapore business

The issue relates to the amount of tax BHP owed for selling its Australian commodities via its Singapore marketing business — or allegedly shifting its profits offshore.

Australia's coal revival in full swing by 2019

The outlook for coal depends basically on the growth of electricity and steel production in Asia.

BHP blames driver error, brake problem for runaway train wreck

BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected.

World Gold Council announces update to AISC guidance

It is expected that companies may choose to use the updated guidance starting January 1, 2019.

OceanaGold to acquire gold/silver project in Nevada

The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend.

A prospecting family, sitting on a literal goldmine, are calling in the professionals

What do you do if you’re a family that owns significant gold mineralisation, and you’re seeking commercial support to extract the full potential?

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.