Australia

Shrinking Chinese steel market will drag down iron ore price

Frik Els | July 15, 2015
Soft steel market will drag down iron ore price

The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.

Aussie state change to mining rules could block planned projects — industry

Cecilia Jamasmie | July 7, 2015
Aussie state change to mining rules could block planned projects — industry

But New South Wales says the proposed amendment would give social and environmental issues equal standing with the economic in decision making.

Iron ore prices going from bad to worse — below $50

Cecilia Jamasmie | July 7, 2015
Iron ore prices going from bad to worse — below $50

The sustained losses place smaller miners back in the danger zone.

Iron ore price getting crushed again

Frik Els | July 6, 2015
Soft steel market will drag down iron ore price

Chinese steel prices fall to record low Monday, dragging down iron ore price another 4%.

Mongolia to sell stake in its giant Tavan Tolgoi coal mine

Cecilia Jamasmie | July 6, 2015
Mongolia to sell stake in its giant Tavan Tolgoi coal mine

The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.

Australian coal miners attack China's new testing system

Cecilia Jamasmie | July 6, 2015
Australian coal miners attack China's new testing system

They claim Beijing is using it to block imports and so favour its own struggling coal industry.

Great Barrier reef escapes in-danger listing from UNESCO

Michael Allan McCrae | July 5, 2015
great barrier reef

Lobbying from the Australian Government

Iron ore hits four-month low

Cecilia Jamasmie | July 3, 2015
Iron ore drops to four-month low

As fresh reports provided further evidence of a slowing Chinese economic and consequently increasing stock piles up at its ports.

China’s rate cuts to slow copper demand even further — report

Cecilia Jamasmie | July 3, 2015
China’s rate cuts to slow copper demand even further — report

China's central bank commitment to ensure policy remained prudent this year may mean no more monetary stimulus, which could see copper demand growth slow further.

Anglo American laying off up to 20% of its staff as investors press for further savings

Cecilia Jamasmie | July 2, 2015
Anglo American laying off up to 20% of its staff as investors press for further savings

Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.

Mongolia’s mining sector ready to take off again — Erdene Resource

Cecilia Jamasmie | July 2, 2015
Mongolia’s mining sector ready to take off again — Erdene Resources

The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.

Iron ore falls below the $60 mark again

Cecilia Jamasmie | July 1, 2015
Iron ore falls below the $60 mark again

The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.

Blaze contained at Fortescue's Cloudbreak mine

Michael Allan McCrae | July 1, 2015
fortescue iron ore mine

No injuries.

Kimberly Diamonds shifts to Africa

Australian Mining | July 1, 2015

Kimberley Diamonds is shifting focus to the Lerala mine in Bostwana, which will be its key source of revenue.

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Cecilia Jamasmie | June 30, 2015
Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

Cecilia Jamasmie | June 29, 2015
Barrick sells 50% of Zaldivar for $1 billion cash

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

Argyle Pink Diamonds Tender world preview at Sydney Opera House

Rio Tinto | June 26, 2015
Diamond

Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds ever unearthed from the Argyle mine.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

Cecilia Jamasmie | June 26, 2015
Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

Adani confirms work halted at controversial coal project by the Great Barrier Reef

Cecilia Jamasmie | June 25, 2015
Adani confirms work halted at controversial coal project by the Great Barrier Reef

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

Cecilia Jamasmie | June 25, 2015
BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.

Iron ore prices hit six-day highs, but rally won’t last say experts

Cecilia Jamasmie | June 24, 2015
Iron ore price rockets 9.5%

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Cecilia Jamasmie | June 23, 2015
Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Until now Canadian companies needed to have at least 51% stake in any uranium project.

Global vision for ‘green steel’

CSIRO | June 23, 2015

The vision for a cleaner, greener and more productive steel industry, moved a step closer with the recent signing of an agreement with a company in China to scale-up CSIRO’s dry slag granulation (DSG) technology.

Setting sights on ‘invisible’ mining

CSIRO | June 22, 2015

In-situ recovery is a new and largely untapped frontier that could improve environmental performance and change the economics of mining.

Glencore to pay new entity in global chain to market coal

Sydney Morning Herald | June 22, 2015

Swiss-based mining giant Glencore says it will pay a new entity within its global chain to market and distribute its coal as it moves to close its Singapore office.

Zijin goes after Aussie gold miner in overseas buying spree

Cecilia Jamasmie | June 22, 2015
Zijin goes after Aussie gold miner in overseas buying spree

The Chinese firm already mines gold next door to a Phoenix deposit.

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