Australia Mining News

Argentina ripe for new energy investment says Brisbane backer of US $2 billion coal mine-power station

A Brisbane company hoping to drive the development of a major coal mine and associated power station in Argentina, says the country’s current energy grid warrants substantial new investment in energy options.

This is KORE Geosystems’ plan to #DisruptMining

The Toronto-based company's solution for data acquisition while drilling received $500K in funding.

BHP likely to open Jansen potash mine in Canada by 2023

Company could seek approval from the board for Jansen's expansion as early as June 2018, said chief executive Andrew Mackenzie.

These 5 trends will boost copper demand

Increasing demand for efficient building systems, electric vehicles and renewables generation could add more than 4 million tonnes of annual copper use by 2030, a study shows.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

Chinalco wants to be sole owner of world’s largest iron ore deposit

Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Iron ore to hit $44 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.

Global silver output falls for first time in 14 years

Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market.

BHP Billiton puts Cerro Colorado copper mine in Chile on the block

Workers temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs.

Glencore puts Tahmoor coal mine up for sale

Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.

Coking coal price slumps again

Chinese steelmakers overestimated impact of Australian cyclone and the market is now awash in met coal.

Junior granted mining lease for primary scandium mine; stock rockets 15%

Investors in a small-cap junior focused on the mining of a lesser-known element - scandium - were rewarded on Friday after a favourable decision from the New South Wales government in Australia.

Here's why the iron ore price is tanking

And why the worst may be over already.

Anglo’s sale of Drayton coal mine spooks horse breeders

They fear the buyer, Malabar Coal, may revive mining at Drayton, which they claim would have have severe impacts on the area’s profitable stud farms and wineries.

Another BHP investor pressing for oil spinoff, board shake-up

The miner faces another shareholder revolt as Australia’s Tribeca has joined calls by US activist investor Elliott Management for an exit from shale to free up capital.

Iron ore free fall wreaks havoc with main producers

It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.

Iron ore craters again — down 5% in only 24 hours

In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.

Pilbara Minerals vaults 30% on Chinese offtake deal

Australian lithium explorer Pilbara Minerals (ASX:PLS) took a big step today towards its goal of becoming a low-cost lithium producer, by completing offtake arrangements for its flagship Pilgangoora project in the Pilbara region of Western Australia.

PNG autonomous region lifts mining ban, but excludes controversial Panguna

An autonomous region of Papua New Guinea has lifted a ban on mining that has been in place since 1971 - but it will not allow the restart of the controversial Panguna copper mine which has been the source of deadly internal strife.

South32 buys stake in Canada’s Arizona Mining for $81 million

The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.

Australian officials slam banks decision to refuse backing country’s largest coal project

The lenders’ move follow a decision by Australia’s second-largest bank Westpac to only fund new projects in existing, rather than new, coal basins as part of its new climate policy.

Harnessing bacteria to turn gold grains into nuggets

A bacteria that re-concentrates gold grains into nuggets is being targeted by researchers for its potential to optimise gold extraction processes from ore, old tailings or recycled electronics.

BHP Billiton in 'advanced' talks to sell Cerro Colorado copper mine in Chile

The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.

Vale’s first quarter profit lower than expected as rains hurt iron ore output

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.