Australia Mining News

BHP brands Elliott's overhaul proposals as flawed, costly

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

Iron ore market keeps getting uglier — prices at lowest since November

The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.

Emu NL confirms gold and silver potential at its Vidalita project in Chile

Australian explorer, Emu NL, provides the following update on its drilling program on the Company’s Vidalita project in northern Chile.

South32 and GE enter digital transformation strategic partnership

South32 and GE today announced the signing of a three-year strategic partnership to assist in the development of South32’s technology roadmap and activation of the Company’s digital transformation.

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

The 20 largest stock exchanges in the world

With 2,400 listed companies and a market cap of $20 trillion, the NYSE is the biggest exchange in the world. But how do other exchanges compare?

Coking coal price soars past $300

Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.

Iron ore prices keep falling despite a decrease in China’s inventories

After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.

Australia ready to begin exporting uranium to India — Prime Minister

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Top 10 copper mining companies in 2016

2016 highlights: a year of breakthroughs and setbacks

Yancoal poised to become one of Australia’s top three coal producers

By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.

Coking coal price close to $300 a tonne on Australian disruptions

Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.

Iron ore miners shares drop as prices collapse

Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.

INFOGRAPHIC: Animation – The world's population in 2100 by region

The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.

Rio Tinto to fight $447 million Australian tax bill

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

Erdene Resource moving forward with flagship project in Mongolia

While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.

Cyclone damage causes BHP to declare force majeure in Australia

The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.

INTERACTIVE MAP: World's top 10 gold deposits

Together these giant orebodies contain reserves worth $796 billion at today's gold price.

Newmont Mining reshuffles management in Australia

Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.

Beyond the Mine: Newmont publishes 2016 Sustainability Report

Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.

Iron ore drops below $80 a tonne again

So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.

Peabody Energy back to the NYSE as emerges from bankruptcy

The US largest coal miner is back.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

Coking coal price surges 15%

Cyclone Debbie.