Australia Mining News

Resolute extends life of Queensland gold mine by three years

Ravenswood mine is now expected to end operations in 2031, with an average production of about 115,000 ounces of gold per year.

Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola

This time is a 114-carat white stone.

Australia's Mineral Deposits recommends takeover offer as Eramet builds up stake

Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company.

Lithium becomes Chile’s No. 4 mining export

Shipments of the key ingredient for making batteries that power electric cars and high tech devices climbed 47% in 2017 to $684.2 million.

BHP secures iron mining rights in Australia’s Pilbara for another century

Western Australia's Environmental Protection Authority has green-lighted a 50 to 100-year blueprint for the miner's operations in the Pilbara.

BP is front-runner to buy BHP's US shale unit

The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.

Canada's Barrick, China's Shandong Gold to deepen ties, look at acquisitions

Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.

Australia's Yancoal halts Austar mine amid safety dispute

Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company.

Tiger Resources' $260M Congo asset sale to Chinese firm collapses

Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks.

Private equity firm to deploy $550 million into mining sector

Targeting close or ready for production.

Iron ore slides to seven-month low as trade war fears mount

Iron ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany

London-based sales and marketing staff to relocate to Frankfurt beginning September.

Nautilus Minerals tanks on shipbuilding contract cancellation

Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.

Former Rio Tinto exec jailed for corruption in China let free

The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage.

RST steps up services with solutions for mine operations from plant to port.

RST goes out into the field to identify the unique challenges faced by a mine’s plant to port operations, then selects products from a broad range of solutions to provide the most cost-effective and efficient plan to obtain the highest level of operational optimisation for the mine site.

Indonesia extends Freeport operating permit for Grasberg

Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions over long-term rights continue.

Bankers have gone AWOL in the race to build more lithium mines

Despite bullish forecasts for global demand, lithium may have a funding problem.

Australia govt sees more iron ore price pain

Top iron ore exporter forecasts a return to the $50s as Chinese imports starts annual decline after decades of growth.

Lucapa digs up another large diamond, this time in Lesotho

Australia’s Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program.

Rio Tinto ready to splash out on copper

The world's No.2 mining company needs copper to reduce its reliance on iron ore.

China’s No.1 maker of battery cells for EVs to build plant in Germany

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

BHP adds electric vehicles to its light truck fleet

BHP Billiton will add two electric vehicles to its 240 fleet of trucks at its Olympic Dam mine in South Australia. The vehicles are being tested looking at various performance measures, such as the vehicles’ […]

Tantalum miner threatens expansion at Australia's biggest lithium mine

Trial dates have been set to determine whether expansion at the Greenbushes mine, in which Tianqi Lithium holds a stake, would impact its mineral rights.

OZ Minerals to complete Brazil-focused Avanco takeover

OZ Minerals has announced that it has a relevant interest in Avanco of more than 90%, which means the company will now “compulsorily acquire” all of the remaining shares and acquire the fellow copper producer entirely.