Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals.
Australia Mining News
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.
Union members have until Wednesday to finish voting on the company's proposal.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
The vote began on Saturday and will continue through the middle of next week.
Australian explorer Northern Minerals (ASX: NTU) is set to officially open their Pilot Plant on July 27 which marks a significant milestone in the Company’s goal of becoming the most significant producer of Dysprosium outside of China.
The expansion, on top of a $238 million upgrade due for completion in April, will double the mine’s production to 1.95 million tonnes a year of lithium concentrate a year from 2020.
Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef.
Bryah Resources has one-year exploration option on Horseshoe South Manganese Mine, a large mine that produces about 1 million tonnes of manganese ore.
Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses.
Find the cobalt.
Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Company aims to be the first significant world producer outside of China of dysprosium, used by electric vehicle makers in the manufacturing of engine magnets.
Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.
Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.
Rio said it expected iron ore shipments for the year to be at the upper end of its range of 330 million to 340 million tonnes, thanks to productivity improvements and fewer weather-related disruptions compared to Q2 2017.
High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.
The autonomous train, consisting of three locomotives and carrying around 28,000 tonnes of iron ore, travelled from Tom Price mine to the port of Cape Lambert
The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender.
Private equity still has significant opportunities to invest in mining as companies cut debt and rebuild their balance sheets even as the sector recovers, mining specialist Denham Capital said.
An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.