Australia

'Skinny' South32 disappoints on debut

Frik Els | May 18, 2015
'Skinny' South32 disappoints on debut

Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Chris Mancini's high-quality gold miners that have positioned themselves well in the downturn

The Gold Report | May 11, 2015
gold statuettes

Mancini advises investors to go for the best of the best: gold miners with cash flow, great balance sheets, low costs and good management.

Rio’s new coal chief sees commodity recovery in the ‘very’ far distance

Cecilia Jamasmie | May 11, 2015
Rio’s new coal chief sees commodity recovery in the ‘very’ far distance

Jean-Sébastien Jacques thinks it will take three to four years for thermal coal prices to recover.

It’s war! Fortescue boss calls Australians to oppose BHP, Rio iron ore plans

Cecilia Jamasmie | May 11, 2015
It’s war! Fortescue boss calls Australians to oppose BHP, Rio iron ore plans

Forrest is blaming BHP and Rio for a fall in the price of iron ore as the pair continue to ramp up production.

Asia’s $800 billion nuclear splurge to unlock uranium motherlode

Bloomberg | May 9, 2015

A nuclear-power boom in Asia that’s set to drive up uranium prices is triggering a resurgence in mining in Australia, home to the world’s largest reserves.

Copper, iron ore prices hold up despite China trade shock

Frik Els | May 8, 2015
Copper, iron ore prices hold up despite Chinese trade shock

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

BSGR ordered to hand over Simandou-related documents to UK anti-corruption body

Cecilia Jamasmie | May 8, 2015
BSGR ordered to handle Simandou-related documents to UK anti-corruption body

The UK High Court ruling is the latest setback BSG Resources, which is fighting on multiple legal fronts over the alleged corruption case.

Glencore boss blames iron ore top miners for share price fall

Cecilia Jamasmie | May 7, 2015
Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

Iron ore price blasts past $60

Frik Els | May 6, 2015
Iron ore price soars past $60

Steelmaking raw material now up 28.7% from decade lows hit last month.

South32 gets going after BHP investors strong support, sees M&A opportunities

Cecilia Jamasmie | May 6, 2015
South32 gets going after BHP investors strong support, sees M&A opportunities

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

BHP Billiton Supports Reconciliation in Schools

BHP Billiton | May 5, 2015
BHPB2

The A$3.9 million partnership with Reconciliation Australia seeks to include teaching of Aboriginal and Torres Strait Islander history in schools.

Outside money starts to pour into mining M&A

Frik Els | May 4, 2015
Report: Outside money starting to pour into mining M&A

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.

Modi fails to get India's coal trains running on time

Bloomberg | May 4, 2015

India's Prime Minster Narendra Modi's plans to shift the country's economy toward manufacturing and away from agriculture and services are being held up by a different kind of coal shortage.

NSW environmental watchdog bashed over BHP’s coal pollution case

Cecilia Jamasmie | May 4, 2015
NSW environmental watchdog bashed over BHP’s coal pollution case

The 14-months long investigation ended on April 10, with BHP accepting the charge of “causing an offensive odour,” and the EPA releasing just a single tweet about it.

Workers end two-week long strike at BHP’s nickel mine in Colombia

Cecilia Jamasmie | May 4, 2015
Workers end two-week long strike at BHP’s nickel mine in Colombia

It's estimated that the labour action generated about US$26 million in losses, forcing BHP to declare force majeure last week.

Newmont sells NZ gold mine for $106 million

Andrew Topf | May 3, 2015
New Zealand country with its flag and piece of sea on a white background

Newmont Mining (NYSE:NEM) has sold its only mine in New Zealand, the Waihi gold mine, to OceanaGold (TSX, ASX:OGC), the companies announced last Thursday.

Former BlackRock mining fund manager joins Barrick Gold

Cecilia Jamasmie | May 1, 2015
Former BlackRock mining fund manager joins Barrick Gold

Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.

Rio Tinto ready to resume hunt for mining deals — report

Cecilia Jamasmie | May 1, 2015
Rio Tinto ready to resume hunt for mining deals — report

If the miner buys any assets this year, it would be Rio's first acquisition in about three years.

Vale falls victim of the iron ore slump, posts $3.2bn loss

Cecilia Jamasmie | April 30, 2015
Vale falls victim of the iron ore slump, posts $3.2bn loss

Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.

Iron ore price rally turns into dead cat bounce

Frik Els | April 29, 2015
Iron ore price rally turns into dead cat bounce

Iron ore price falls 4% on Wednesday as oversupply, Chinese steel fears return.

Cliffs US sales beat estimates, turns a profit in Q1

Cecilia Jamasmie | April 29, 2015
Cliffs US sales beat estimates, turns a profit in Q1

But the miner revised down its 2015 U.S. iron ore sales and production volume estimate to 20.5 million tons, from its previous guidance for 22 million tons

New highly sensitive method for detecting gold at drill sites

The Lead South Australia | April 29, 2015
new highly sensitive method for detecting gold at drill sites - 333

Using advanced photonics, Dr Agneszka Zuber and Associate Professor Heike Ebendorff-Heidepriem's method can find gold nanoparticules at detection limits a hundred times lower than current methods such as X-ray Diffraction (XRD) and X-ray Fluorescence (XRF).

Life beyond the boom: Aussie FIFO families brace for downturn

ABC News | April 29, 2015

With new rosters in place and job losses on the horizon, many in WA are asking how this will affect their home lives in coming years.

Majority of Barrick’s shareholders rejects compensation plan

Cecilia Jamasmie | April 28, 2015
Majority of Barrick’s shareholders rejects compensation plan

As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.

Cecilia Jamasmie

What’s behind El Salvador’s massive gold reserves sale?

Cecilia Jamasmie | April 28, 2015
What’s behind El Salvador’s massive gold reserves sale?

Analysts are not sure what to make of El Salvador’s recent move that saw its central bank sell about 80% percent of its gold reserves last month.

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