Australia Mining News

ADU 2017 Conference: Panellists Confirmed

The panel will be held on Thursday 7th September.

Rio opens 16th Pilbara iron ore mine

Silvergrass adds 10 million tonnes of iron ore to the market as price stabilizes in the mid-$70s.

Rio Tinto unveils its largest red diamond at Australian debut

Rio Tinto today unveiled the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender during its Australian preview.

Glencore to offload second coal mine in Australia in less than three months

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.

OZ Minerals to build $700 mln copper mine in Australia

OZ would begin construction of its Carrapateena copper mine in Australia, the country's largest undeveloped copper project, which it estimated would cost A$916 million ($724 million).

Shale may be gone but BHP won't ditch potash

After pressure BHP is exiting oil and gas. Expect similar calls for shelving its $12 billion Jansen potash project in Saskatchewan to fall on deaf ears.

China coal imports from Australia climb for second month

Chinese coal imports from key supplier Australia chalked up year-on-year gains for the second straight month in July, customs data showed, as local output of the commodity eased amid a crackdown on illegal mining and pollution.

BHP Billiton to replace two directors in board shake-up

Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments.

Iron ore nears $80 a tonne

Prices for the steelmaking material have increased almost 50% since its 2017 lows.

BHP exiting oil and gas

After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.

Miner Fortescue returns record dividend as profit leaps

World number 4 iron ore miner Fortescue Metals Group said on Monday it will pay a record-high final dividend after more than doubling its annual profit, and plans to give more of its profits to shareholders in the future.

World’s top 10 silver mines

Only six of the top 20 producers are primary silver miners. The polymetallic ore deposits from which silver are recovered account for more than two-thirds of the world's silver resources.

BHP commits $2.5bn to extend life of Spence copper mine in Chile

Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.

Mining in Australia is looking better

There are several encouraging signs for the mining outlook in Australia.

Gold rush in Nicaragua — production doubles in little over 10 years

Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.

US researchers find unexpected new source of much-needed lithium

Lithium needed for rechargeable batteries used in high tech devices and electric cars might soon be extracted from calderas surrounding dormant supervolcanoes.

Seabed mining approved in New Zealand despite environmentalists’ concerns

Trans-Tasman is now allowed to recover resources from the country’s Exclusive Economic Zone

First Quantum to shutter Australia nickel mine in September

First Quantum Minerals Ltd said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia at the beginning of next month due to persistently weak nickel prices, sending its shares lower.

Cooking oil could help clean up mercury at mining sites, researchers say

Researchers worked out a way for a canola oil polymer to trap mercury metal, mercury vapour and organo-mercury compounds

BHP turns to electric car batteries to recharge its nickel business

The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business.

Glencore secures leases for Wandoan coal project, environmentalists react

The Anglo–Swiss multinational secured the first mining leases for its $7 billion Wandoan coal project in Queensland’s Surat Basin

AbraPlata hires Canadians and Australians to undertake PEA at Diablillos

The junior miner wants Toronto’s Roscoe Postle Associates and Perth’s GR Engineering Services to undertake a Preliminary Economic Assessment of its Diablillos silver-gold project

Lithium processors prepare to meet demand in era of electric car

Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall.

Iron ore soars at $76 a tonne

The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry

Mining industry can now predict opposition to projects before it's too late

Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.