Australia

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Cecilia Jamasmie

Mongolia-based miners in limbo after premier ousted

Cecilia Jamasmie | November 7, 2014
Mongolia-based miners in limbo after premier ousted

What happens next is critical say mining companies currently operating in the country.

Deep-sea miner Nautilus to charter ship as floating base

Cecilia Jamasmie | November 6, 2014
Deep-sea miner Nautilus to charter ship as floating base

The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.

New Zealand's Pike River coal mine to remain closed

Cecilia Jamasmie | November 6, 2014
New Zealand's Pike River coal mine to remain close

It will be turned into a memorial to the 29 men who died there in 2010.

BHP Billiton to export US oil without permit

Cecilia Jamasmie | November 5, 2014
BHP Billiton to export US oil without permit

The move is considered another sign that Washington’s decades-old federal ban on crude exports is crumbling.

Iron ore price falls to 64-month low

Frik Els | November 4, 2014
Iron ore price falls to 64-month low

Fresh Chinese weakness pushes iron ore price to lowest since June 2009, but rising premiums for high-quality lump imports offers some hope.

More job cuts at BHP’s Mt Arthur coal mine

Cecilia Jamasmie | November 4, 2014
More job cuts at BHP’s Mt Arthur coal mine

The firm is laying-off 150 workers by the end of February 2015.

Coal carrying ‘death ship’ under scrutiny

Cecilia Jamasmie | November 4, 2014
Coal carrying ‘death ship’ under scrutiny

Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.

Glencore’s coal output up 9% as prices touch 5-year low

Cecilia Jamasmie | November 4, 2014
Glencore’s coal output up 9% as prices head to 5-year low

The company is defying coal price slump with increased production driven by expansions at its Australian mines.

Paul Adams: macro trumps micro in resource sector

The Gold Report | November 3, 2014
Dispute over Australia iron ore heats up

Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.

Mining the Antarctic a big no-no

Cecilia Jamasmie | November 3, 2014
Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Cecilia Jamasmie | November 3, 2014
Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

Cliffs Resources officially shutting Canadian Wabush Mines

Cecilia Jamasmie | October 31, 2014
Cliffs Resources officially shutting Canadian Wabush Mines

About 500 workers will lose their job.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

Cecilia Jamasmie | October 31, 2014
Rio Tinto braces for $2.5bn Oyu Tolgoi writedown: report

According to The Times, Rio flagged the possibility of a writedown in August.

BHP’s Olympic dam expansion off agenda until prices improve

Cecilia Jamasmie | October 31, 2014
BHP’s Olympic dam expansion off agenda until prices improve

The miner blamed low metals prices and productivity inefficiencies for the decision.

Barrick boosts ties with China, names Woo Lee as regional leader

Cecilia Jamasmie | October 30, 2014
Barrick boosts ties with China, names Woo Lee as regional leader

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

Space miner loses first satellite in rocket explosion

Cecilia Jamasmie | October 29, 2014
Space miner loses first satellite on rocket explosion

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Former Anglo’s senior exec. said to have taken $3.5 million from firm

Cecilia Jamasmie | October 28, 2014
Former Anglo’s senior exec. said to have taken $3.5 million from firm

Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.

CHARTS: This is how much gold miners really put into their host countries

Cecilia Jamasmie | October 27, 2014
This is how much gold miners really put in their host countries

Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.

Anglo American ships first iron ore from Brazilian Minas-Rio project

Cecilia Jamasmie | October 27, 2014
Anglo American ships first iron ore from Brazilian Minas-Rio project

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

BHP to sell US shale assets, limit annual capex to $14 billion

Cecilia Jamasmie | October 27, 2014
BHP to sell US shale assets, limit annual capex to $14 billion

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

Iron ore and rare earth metals mining: an industry under siege?

The Guardian | October 24, 2014

Resource scarcity and human rights issues surrounding metals extraction, coupled with unrelenting global demand mean the industry is facing some tough realities.

A$20 Million Partnership A Win for Western Australian Kids

BHP Billiton | October 24, 2014
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In the largest donation in Telethon history, BHP Billiton has committed $20 million over the next five years to the Telethon Kids Institute to improve the health and wellbeing of children in Western Australia.

Boart Longyear gets $352m financial bail out

Cecilia Jamasmie | October 23, 2014
Boart Longyear gets $352m financial bail out

Saved by the bell.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

China to scrap tariffs on Australian coal

Cecilia Jamasmie | October 22, 2014
China to scrap tariffs on Australian coal

The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.

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