Australia Mining News

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

BHP Americas boss says miners must make copper greener

Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

Goldcorp shareholders approve Newmont's $10B takeover offer

The deal also will be voted on by Newmont shareholders next Thursday. If approved, the deal is expected to close by June.

Newcrest to fund broad gold exploration in Western Australia

Australia’s largest gold producer has been searching for juniors with appealing assets in Western Australia's Paterson region to jointly develop them.

Lucapa Diamond cuts debt related to building Mothae mine

The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of the Lesotho-based mine, which began commercial production in December.

Australia's Galaxy Resources names Simon Hay as CEO

Hay is currently head of resource development at mineral sands company Iluka Resources Ltd.

World's largest iron ore port expects higher exports post Vale

With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.

Iron ore thunders higher as mine dams closed, exports collapse

Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.

Plan to mine the moon gives Australia opening in new space era

Australia is joining the growing number of nations looking to compete in space. Its advantage? Half the country already looks like Mars.

Glencore, Tohoku Electric set coal contract price at $94.75/T

The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14% lower than a price agreed for the year through September this year.

Fortescue OKs $2.6B expansion of Iron Bridge magnetite project

The announcement follows the company's commitment to build the $1.3 billion Eliwana iron ore mine last year.

Iron ore prices shift structurally higher on Vale woes

Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.

BHP says iron ore production to fall by 6-8 million tonnes after cyclone

Its 2019 financial year production and unit cost guidance are under review because of the impact on the output.

Commodities' best quarter since 2016 is tough act to follow

Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.

Rio Tinto cuts 2019 iron ore shipment outlook after cyclone

Rio Tinto on Monday cut its 2019 outlook for iron ore shipments from Australia's Pilbara region due to production disruption and damage caused by tropical cyclone Veronica, which hit Western Australia last week. The world's […]

Australia's Wesfarmers hints takeover battle for Lynas not over

Comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China.

Wesfarmers $1.5B bid on rare-earth company may be a sign of moves to come

The Wesfarmers bid highlights an imminent change in attitudes where it cannot be denied that rare earths will play a major role in the future.

Australia launches Critical Minerals Strategy 2019 focused on innovation and tech

The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.

AngloGold approves underground expansion of Tropicana mine

Work is scheduled to begin in the June quarter, with first gold expected in the second half of 2020.

BHP is said to weigh bid for Blackstone-backed Bluewater

The Bluewater business, which is also attracting interest from closely held Fieldwood Energy LLC, is focused on deep-water exploration in the Gulf of Mexico and could fetch about $1.5 billion to $2 billion in a sale.

Newmont readies leadership team post-merger with Goldcorp

Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.

Mitsubishi completes sale of interest in Gregory Crinum coking coal mine in Australia

BHP, the holder of the remaining interest in the mine, also completed its sale of their 50% interest to Sojitz.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

Lynas declines Wesfarmers $1.1B takeover bid

Wesfarmers made a buyout offer of A$2.25 per Lynas share.