Australia Mining News

Recovering global miners face fresh squeeze from rising costs

Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

In bizarre twist, coal may become a scarce commodity: Russell

The current debate surrounding coal is generally one of how long it will continue to play a role in the world's energy mix before it is replaced by cleaner alternatives, but the coming years may see a deficit in seaborne markets for the polluting fuel.

IMARC set to exceed industry expectations

IMARC set to exceed industry expectations having confirmed more than 3,500 people to attend – a 40 per cent increase on last year’s attendance.

Major Guinea bauxite mine to start producing in 2019

Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.

Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

Australia notified China of Adani coal mine approvals in letter

Australian politicians told China of government approvals for controversial A$16.5-billion ($13-billion) coal mine project being built by Adani Enterprises.

Australia's Newcrest Q1 gold output falls, quake-hit mine eyed

Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.

Rio opens books to over half-dozen possible suitors for Australia coal mines

If successful, the mines could fetch around $2bn and complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminum.

BHP presents united front against activist Elliott

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.

BHP expects China's growth to ease modestly over short term

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

BHP presents united front against activist Elliott

Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

BHP's copper production up sharply, iron ore down

Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.

Copper price: Rio slashes production guidance

Delayed ramp-up at Escondida, mine sequencing at Kennecott.

Iconic Australian jeweller showcases $100 million collection of coloured diamond jewellery

The largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere is being showcased across Australia by iconic Australian jeweller Linneys.

Aussie copper explorer vaults 33% after selling key project

Investors in Queensland Mining (ASX:QMN) got an unexpected surprise Monday morning after the company announced Friday it was selling its White Range copper, gold and cobalt project.

Zinc price spike sparks flurry of miner listings

The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."

Australian Mining Companies Are Unlocking the People Puzzle in Africa

Download the full ‘Mini-Report: The People Puzzle – Mining Talent for Mining Companies‘

Prairie Mining says near deal with Chinese banks to fund Polish mine

Upfront capital costs for the development of the Jan Karski mine totals $630 million with Chinese lenders expected to financing 85 percent of it.

Mitsui to build desalination plant for BHP’s Spence copper mine in Chile

The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

Rio Tinto's $2 billion coal assets attract investor consortium: sources

Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.

Thor Mining upbeat on Nevada tungsten project after price rally

Pilot Mountain tungsten project said to be "quite a monster," with five-to-ten years life as a low-cost open pit and 15-year underground life after that.

Spotlight turns to dated mining executive incentive schemes as early annual report insights emerge

Mining companies must reassess traditional remuneration practices and adjust to a new business climate, early insights say.

Elliott tours BHP investors in renewed push for radical shake-up – sources

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.