Australia Mining News

Iron ore magnate Rinehart offers $290 million in cash for Atlas

The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Further clarity needed on Australia’s energy policy framework

A national coordinated approach to climate and energy policy is needed which recognises the energy and resource-intensive nature of the Australian economy. 

Hawkstone Mining walks away from US lithium deal

Deal would have added two lithium projects – the Big Sandy lithium clay project in Arizona and the Lordsburg lithium brine project in New Mexico – to Hawkstone’s portfolio.

Iron ore price: BHP adds high-grade, lump ore for just $42 a tonne

BHP building $3.4B mine amid surging lump premiums, high-grade fines prices up 30% in a year, is latest indicator iron ore is once again a mining cash cow.

US electric car sector, wary of China, seeks more domestic lithium

China is home to the majority of the world's lithium processing facilities and sucks up most output of top producer Australia.

France's ERAMET raises bid for Australia's Mineral Deposits

ERAMET said it would pay A$322 million for the shares it did not already own in the company.

Australia's Incitec Pivot wins explosives' contract with Fortescue Metals

The contract with the two units of the world's fourth-largest iron ore miner will last until December 2023

China wants more high-grade iron ore? Not according to the import data: Russell

There may be a slight problem with the prevailing theme for the iron ore market this year, namely that China is increasingly interested in using higher-grade ore as part of efforts to boost output and lower per unit pollution.

Rio Tinto hires CFO from Danish shipper Maersk

Major miner Rio Tinto named Jacob Stausholm to replace outgoing financial boss Chris Lynch when he retires in September.

Australia's Port Hedland iron ore shipments to China rise 2.4 pct in May

Iron ore shipments from the world's biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month.

Escondida union in Chile optimistic will reach deal with BHP

The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.

AusIMM Conference calls on Australian government to embrace uranium

The strong role uranium plays in supporting first world medical practices in Australia was also explored at the conference.

Northvolt begins building Europe’s largest lithium-ion battery plant

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.

Australia's Mineral Resources okays Atlas talks with other potential buyers

Move comes a day after Fortescue Metals said it had built a stake in Atlas large enough to block a takeover.

Australia's Fortescue takes stake in Atlas Iron, may block buyout

Fortescue said it had agreed to buy a 15 percent stake in Atlas at A$0.04 per share, or A$55.7 million.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

OZ Minerals closer than ever to grabbing Brazil-focused Avanco

The takeover offer, which expires next week, offers great exploration potential because Avanco owns a vast landholding in the copper and iron ore-rich Carajás region, second only to giant Vale.

About 75,000 jobs to go in Germany’s auto industry because of EVs — study

The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.

World’s No. 4 iron ore miner wants to diversify its portfolio

The CEO of Fortescue Metals Group said that the company is working towards finding other commodities to mine.

Rio Tinto completes sale of Australian coal asset

As soon as the sale was completed, Rio received $150 million in cash and is set to get an unconditional cash payment of $50 million due in 12 months.

Indonesia's Adaro says Australia approves Kestrel coking coal mine deal

Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest in the mine.

From chopping block to 'core,' Anglo fires up met coal engine

Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25 percent.

Gold Fields to set aside acquisitions, sees industry costs rising — CEO

The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.