Australia Mining News

2017 gold deposits boasting the highest-grade drill intersections

8,126 grams per meter!

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

Mining sector unloved as investors find it hard to trust

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Australian gold miner Newcrest says profit slides on output disruptions

On Thursday, Newcrest reported a 58% fall in half-year underlying profit, due to disruptions such as an earthquake hitting one of its key sites in 2017.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Rio Tinto becomes sole owner of Pistol Bay uranium assets in Canada

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.

Lucapa recovers first diamonds from Lesotho mine

The largest diamond recovered in the first test run was 6.6 carats.

Cameco handed court victory over WA uranium prospect

A uranium deposit in Western Australia under development by Cameco (TSX:CCO, NYSE:CCJ) will not be held up by conservationists who oppose it. 

Adani's giant Australian coal mine takes hit as rail plan axed

A funding proposal for a rail line that could carry its coal to the coast for export has been canned.

Mining boom delivers record resource export revenues for Australia

Trade data from AUS Bureau of Statistics has confirmed importance of the mining industry to Australian economy and continuing benefits of the mining boom.

Vedanta hit by iron ore mining halt in Goa

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.

China wealth fund said to join fray for $2bn Rio Tinto portfolio

The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Startups set to transform mining with Komatsu and Unearthed

The event is a hackathon with a twist, as startups will pitch their mining technologies to senior level executives from Komatsu Japan, USA, and Australia, and then work closely with Komatsu mentors to prototype their model with the multinational manufacturing giant.

South32 prepares to spin off South African coal assets within six months

President and chief operating officer Mike Frasersaid company has received a number of offers for the assets, which it up for sale in November last year as part of a shift away from coal.

Rio investors asked to push miner to leave Minerals Council of Australia

Australasian Centre for Corporate Responsibility says it needs 100 shareholders to co-file resolution at Rio’s upcoming annual general meeting.

Activist Elliott steps up calls for BHP to scrap dual listing

Elliott has previously urged BHP to change its structure, with listings in both Britain and Australia, but the company has resisted.

Lulo diamonds sell for A$11.4 million

The sale of 4,170 carats of Lulo diamonds achieved gross proceeds of US$9.14 million (A$11.43 million), representing an average price per carat of US$2,192.

Argyle pink diamond coin unveiled in Berlin

Rio Tinto and The Perth Mint are delighted to unveil the first pavé set Argyle pink diamond gold coin.

Rio Tinto back in race for stake in world’s largest lithium miner

Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.

No sign of early contract talks at BHP's Escondida mine -Union

BHP's Escondida on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June.

Lucapa finds over a hundred diamonds at Australian project

The 119 diamonds recovered from the Little Spring Creek lamproite drill core samples included seven macro diamonds and 112 micro-diamonds.

World Copper Conference to be held in Santiago, Chile on April 9 to 11

CRU’s 17th World Copper Conference is a premier copper conference that attracts over 500 delegates.

Animation: human population growth over all of history

Imagine that for every million people on Earth, there was a single dot on a map. What if we went back in time, watched dots accumulate over human history?