Australia Mining News

Glencore snatches Rio’s Australian coal mine in $1.7bn deal

The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.

This Rio sale may be more than Australia can swallow: Gadfly

Rio Tinto has hired UBS AG to explore a possible initial public offering on the Australian Securities Exchange after planned trade sales came up short.

Newcrest, Harmony joint venture in PNG to cost an extra $1bn upfront

But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion.

Battery makers descend on Australia, Canada cobalt developers

Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.

Glencore signs massive cobalt sale deal with China's GEM

The world’s biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.

China's iron ore mountain may only be a molehill: Russell

The relentless climb in China's port inventories of iron ore may not be as worrying to the market as they appear, more a reflection of a change in dynamics than anything else.

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Newcrest shares hit after dam wall collapse

The miner declared that its performance for fiscal 2018 will be affected by the breach of a tailings dam wall at its Cadia gold mine.

One of Australia's largest gold mines halts operations after dam collapse

Newcrest Mining says experts on site have observed no environmental damage.

Indonesia to lead nickel production: BMI

The market intelligence firm says global nickel ore production growth will continue to accelerate in 2018 as major producer countries see a recovery in production levels following subdued output in 2017.

Rio Tinto's last two coal mines set to attract bids over $2.5 billion

Company made a strategic decision in 2017 to exit coal and focus on growth in iron ore, copper and its aluminum division.

Scientists closer to producing safer and longer-lasting lithium battery

Using a 3-D layer of polydimethylsiloxane (PDMS), or silicone, reduces dendrite growth, which makes batteries safer and longer-lasting.

South Kalgoorlie gold mine sold to Northern Star for $62.6 million

The acquisition comprises the project’s operating processing facility and 800 square kilometres of Prospective Gold tenure.

Rio Tinto speeds up driverless fleet expansion in Australia

Fifteen autonomous trucks will be introduced to West Angelas iron ore mine, in the Pilbara region.

US steel and aluminum tariffs a ‘black day for the world’ — BHP

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

Rio Tinto, former execs. once again move to have SEC case dismissed

Lawyers acting for the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott say charges brought by the SEC are 'plainly wrong.'

Peabody orders complete Cat® longwall with advanced automation for North Goonyella Mine

Peabody recently ordered a complete Cat longwall mining system for its North Goonyella Mine located in central Queensland, Australia. The Cat longwall system includes roof supports and a face conveyor for a 300-meter face, shearer and beam stage loader. The system features advanced longwall automation technology to enhance safety and production.

Global metals exploration anticipated to rise 20% in 2018

Global spending on the search for nonferrous metals rose to an estimated US$8.4 billion in 2017, compared with US$7.3 billion in 2016.

Lucapa fetches $1.7 million in diamond sales from Lulo

Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.

Australia's gold production may rise to record in 2018 – report

Production in 2017 rose by 3 tonnes from the year before to 301 tonnes, equal to about 9.7 million ounces and the highest since 1999.

Tapping the lithium rush, Canadian miner stakes claims in Utah

The play by Vancouver-based MGX Minerals is part of a global scramble for the super-light metal used in smart phones and electric vehicles.

Australia takes Rio Tinto to court over Mozambique coal deal

Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.

SQM talks down lithium oversupply, says market to grow 80% a year

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

India's outback coal bets sour as global prices recover

Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade.

Aussie company signs agreement with Argentinian province over lithium assets

The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.