Australia Mining News

Copper, lead, zinc prices to stay on the boil

New World Bank outlook for commodities predict 32% price jump for zinc and 18% for copper and lead, but outlook for nickel price in 2017 is murky.

Czech mining industry pins hopes of revival on lithium

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

BHP puts US shale assets back on the block amid investors pressure

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

Iron ore to slide below $46 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

BMA investment to create hundreds of jobs

BHP Mitsubishi Alliance (BMA) has announced it will invest over two hundred million dollars into the Bowen Basin, creating hundreds of jobs, which shows the ongoing strength of Queensland’s coal industry.

Coking coal price correction turns into crash

–9% on Friday.

BHP top shareholders step up pressure for oil spinoff

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Post cyclone coking coal price plunge

Drops 4% to $289.50 a tonne despite greater than expected Australian supply outage.

Vale’s iron ore output just hit another record

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Newmont gets fresh shot at top gold miner spot

Chinese back out of $1.5 billion deal for Barrick's Kalgoorlie stake – JV partner Newmont has long expressed interest in acquiring half of Super Pit.

Minjar Gold attempt to grab Barrick’s stake in Super Pit falls through

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Iron ore price collapse wipes billions off top mining stocks

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

South32 drops $200 million plan to buy Peabody coal mine

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

Copper find unearths mining boost for South Australia

A new copper find in South Australia has the potential to easily boost production.

Iron ore price in free fall

Another gap down Monday brings one-month drop to 30%.

BSGR sues George Soros over loss of Guinea iron project

The latest chapter in the Simandou case.

British scientists find sub-sea minerals treasure trove

They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.

Copper production jumped by a million tonnes last year

But market was in small deficit according to study.

Coking coal price jumps to six-year high

Up another 5% on Thursday – stones throw away from all-time high.

Mexican mines recording major gains in equipment reliability and reduced fuel usage

At an accelerating rate, Mexican mines are taking advantage of advanced simulation technology along with skilled people and proven process, from Immersive Technologies, to optimize their equipment operator workforce.

Australia greenlights Rio Tinto’s $2.45bn sale of coal mines to Yancoal

With the Foreign Investment Review Board’s approval, Rio Tinto is a step closer to fully exit thermal coal.