Australia Mining News

Solomon gets green light for 3-fold expansion

Australia's EPA has sanctioned a three-fold expansion of Fortescue Metals Group's (ASX:FMG) Solomon Hub, which could sustain production for another 35 years.

Essential mining laws in Western Australia you must know

Mining. No, not the explosive type, but the other where excavation of the Earth takes place in search of minerals for extraction. But, before you get out there prospecting, you have to be aware of the laws, acts and rights which exist.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

Barrick on track to meet 2016 debt reduction target — Haywood

The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.

About 500 iron ore jobs to go at Rio Tinto

The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.

Rio to idle Hope Downs 4 over Christmas

Employees at Rio Tinto's (LON,NYSE,ASX:RIO) Hope Downs 4 mine in Australia will do better than a lump of coal over Christmas this year.

Gold Fields withdraws $1.4bn offer for Kirkland Lake

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.

Falcon Group expands presence in Australia with new Perth office

Leading specialist financier Falcon Group opens second Australian office – with a particular focus on providing support to mining and the mining services sector

China relaxes coal mining restrictions as supply tightens

Fresh rules aim to counter surging prices for the nation’s top energy source.

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.

VIDEO: Eagles attack and take down drones at remote mining site in Australia

South Africa's Gold Fields has already lost nine of these vehicles since it adopted the technology at its St Ives operation, in Western Australia.

Of 22 banks polled NO-ONE sees copper price rally continue

New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.

Iron ore price stabilizes after sharp drop

BHP, Fortescue have no plans to follow Rio Tinto in shutting down iron ore mines over end of year holiday period.

Australian coal continues to underpin economic development in Asia

The Report confirms that Australia remains the world’s largest coal exporter, contributing more than $40 billion to the national economy.

Rio learnt about Simandou dubious payment over a year ago — report

Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.

Queensland groups launch campaign to support Adani’s Carmichael coal project

As Adani’s Carmichael project continues to gain momentum with the confirmation of construction commencing in 2017, community and industry groups have launched a support campaign on social media.

Gold miners to add 10m ounces per year by 2020

But US gold mining industry will stagnate says BMI Research in new study.

Iron ore price plummets 9%

Beijing clampdown on speculation as Rio Tinto announces closure of Pilbara mine over Christmas.

New metal detection technology strikes gold

The larger coil not only covers more ground in less time but its improved depth detection also helps search for gold previously too deep to detect.

The future of mining is automated

Since the industrial revolution of the mid-1800s, processes and technologies across every sector of the modern economy have developed at a rapid pace.

ADG engineers integrated solution for MacLean’s vast suite of manuals

For even the largest of mining equipment companies, keeping over 1000 sets of separate manuals for operators, training, maintenance and parts, continuously up-to-date and accurate would be an arduous, near impossible task.

Rio Tinto staff shaken to the core by bribery probe — CEO

Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.

Canada’s Kirkland Lake soars after Gold Fields confirms $1.4bn rejected offer

Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).

Rio Tinto energy and minerals chief suspended over Simandou bribery claims

Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.

Major Aussie miners BHP, Hancock to mine in Ecuador — report

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.