Australia

This BHP slide will bring tears to iron ore price bulls eyes

Frik Els | February 24, 2015
This BHP slide will bring tears to iron ore price bulls eyes

Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.

Iron ore price surges

Frik Els | February 16, 2015
Iron ore price surges

Biggest jump of the year lifts iron ore price more than 6% off 2015 low.

Australian uranium 'could end up in India’s nuclear weapons program'

The Guardian | February 15, 2015

Australian uranium could end up in India’s nuclear weapons program thanks to concessions the Abbott government made in the deal between the two countries, two nuclear experts have warned.

Indian police seek arrest of Australian mining chief Bruce Munro

Sydney Morning Herald | February 15, 2015

Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.

Australia's Newcrest says open to sale of Telfer gold mine

Reuters | February 15, 2015

Newcrest Mining, one of the world's biggest gold producers, said on Friday it was open to selling its Telfer gold and copper mine in Australia, once the company's flagship operation.

Canada’s gold mines are shooting the lights out

Vladimir Basov | February 13, 2015
Canada’s gold mines are shooting the lights out

Output at Canadian gold mines surged 29% last year, surpassing South Africa for the first time in history. US production dives more than 8%.

Gina Rinehart can watch bioflick before it airs

Michael Allan McCrae | February 13, 2015
house of hancock gina rinehart

Wide release is set for Sunday.

Perseus Mining Limited: $41.2 million half-year profit

Market Wire | February 13, 2015

A re-evaluation of the Sissingué Gold Project in Côte d'Ivoire is underway with an updated feasibility study due to be completed in the March quarter.

Australian copper mine adds solar power

Michael Allan McCrae | February 12, 2015
sandfire resources degrussa goes solar western australia

"Potentially reducing our operating costs in the long run."

Willingness to explore the facts about nuclear energy shows Australia is waking up

World Nuclear News | February 12, 2015
Australia, Brazil to control 90% of global iron ore trade by 2020

World Nuclear Association (WNA) applauds news of a Royal Commission to assess whether South Australia should expand the role of nuclear energy, as announced on Sunday (8 February) by state Premier Jay Weatherill. This will lead to an objective assessment …

Havilah Resources pushes the go button on South Australia’s newest gold mine: SA Government

havilahresources | February 11, 2015
nova scotia mine again producing gold feat

The Portia gold mine is located near the New South Wales border with more than 50,000 ounces of gold to be recovered from an open-pit mine.

Hedge against short-term cycles with lithium: Daniela Desormeaux

The Mining Report | February 10, 2015
Takeshi Uchiyamada, Toyota's research chief, shows the company's upcoming all-electric city car.

In this interview with The Mining Report, Desormeaux notes that lithium is less dependent on short-term economic cycles than commodities like oil and copper, and says demand for lithium will grow faster than the global economy.

It’s time for the government to investigate Adani’s Australian coal scheme

Anglo American tries again: submits plan to expand coal mine in Australia

These reports today should be a loud warning for any investors and financier.

Iron ore permabear Xie now expects price in $30s

Frik Els | February 6, 2015
Iron ore permabear Xie now expects price in $30s

Prices "need to decline to a level that's so painful higher-cost Chinese mines will be forced to give up".

Investigation of Adani’s giant Australia coal project urged

Adani's $15bn coal mine in Australia facing fresh legal challenges

“Its use of offshore, low-tax jurisdictions in relation to its Australian operations, and the apparent uncertainty about ownership of the Abbot Point Port lease, raise questions about the ability of the public to scrutinize a project of such huge economic and environmental significance.”

'Inexorable decline': Iron ore price hits new low

Frik Els | February 6, 2015
'Inexorable decline': Iron ore price hits new low

Shanghai trader: "This Chinese New Year procurement period is very different from past years."

IMAGE GALLERY: Dump trucks hoisted, frozen, tipped and sunk

Michael Allan McCrae | February 5, 2015
truck sunk mining mayhem

Expensive.

Iron Ore Briefing and Western Australia Iron Ore Site Tour

BHP Billiton | February 3, 2015

BHP Billiton President Iron Ore, Jimmy Wilson, today announced plans to cut unit costs at Western Australia Iron Ore (WAIO) by at least 25 per cent and the potential to increase capacity there by 65 million tonnes per year at a very low capital cost.

'Now is a good time to deploy capital' – private equity group secures $450 million

Michael Allan McCrae | February 2, 2015
emr capital raises 450 million gold copper potash no iron ore

No money for iron ore.

Commodity slump forces BC Iron to quit Brazilian project, revalue mines

Cecilia Jamasmie | January 30, 2015
Commodity slump forces BC Iron to quit Brazilian project, revalue mines

The Australian junior iron ore producer is also studying whether it needs to write down the value of any ­assets ahead of next month’s half-year result.

BHP axing up to 300 Olympic Dam jobs

Cecilia Jamasmie | January 30, 2015
BHP axing up to 300 Olympic Dam jobs

The decision caps off a dreadful month for South Australia’s mining sector.

Australian uranium miner accused of contaminating Lake Malawi

Global Research | January 29, 2015

Paladin Energy, an Australian mining company, has been accused of discharging uranium-contaminated sludge into Lake Malawi, which supports 1.7 million people in three countries – Malawi, Mozambique and Tanzania.

Mining M&A: Private equity can't run away fast enough

Frik Els | January 29, 2015
Mining M&A: Private equity can't run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

RPM receives award for Mine Scheduling Solutions

RungePincockMinarco (RPM) | January 28, 2015

A well-known mining publication has just announced that RungePincockMinarco (RPM) has won their annual innovation award in the category of Mine Planning/Resource Modeling for their XPAC Solutions suite of products.

Glencore mulls shutting down South African coal mines, lay offs

Cecilia Jamasmie | January 28, 2015
Glencore mulls shutting down South African coal mines, lay offs

The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.

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