Benchmark 62% fines up 3% and premiums for high quality lump ore jump to 11-month high.
The sum will be given on the completion of the sale of 15% of its Solwara 1 project to an entity nominated by Papua New Guinea.
The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.
By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.
Founding managing director Mike Young among the ones leaving the company.
The project could prove to be more valuable than the country’s biggest gem producer, Catoca,
A federal judge has ruled in favour of the Pebble mine project, putting a temporary halt on the U.S. Environmental Protection Agency’s efforts to protect Bristol Bay.
Female mining professionals face a persistent gender pay gap. The gap consists of lower wages than their male peers doing the same work, and less access to career progression.
This is almost two-thirds below a peak of $191.90 reached in February 2011, which was when huge new mines were being approved.
Average salaries fell 19% over the two-year period from 2012, while the average working week increased by four hours, a study shows.
The scale of the fraud alleged against the tycoon-turned-politician may double to about A$23 million.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
The Argyle Participation Agreement remains one of the most comprehensive agreements ever made in Australia between a resource company and Traditional Owners.
CEO Andrew Mackenzie tells shareholders while output is still increasing at no. 3 producer, it's been three years since new spending was approved.
Billionaire iron ore tycoon Gina Rinehart loses fight to keep secret court proceedings in family dispute over ownership of Roy Hill and Hope Downs iron ore mines.
Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.
More may really be better for end users and mining companies when it comes to graphite.
Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.
The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.
The partnership dates back to 1987, in the early stages of the development of the Chinese steel industry.
Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.
The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.
The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.
Chinese steel mills restart production but ore demand remains modest.
Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.
The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.
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