The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.
Australia Mining News
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.
The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.
With resources accounting for more than half Australia’s total export earnings, it is clear that the minerals industry is important to economic prosperity.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.
The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend.
Kidman Resources has chosen a site in Kwinana, Western Australia with Chilean joint venture partner SQM to develop a lithium processing plant.
Automated mining technologies require governments and the mining industry to consider how efficiency gains will change local mining communities.
The materials industry, which includes miners, trails all other sectors in the Bloomberg World Index on rates of female participation.
Rio Tinto shareholders that voted in favour of a resolution calling the miner to review its membership of the Minerals Council of Australia (MCA) and other lobby groups.
The 46-carat pink diamond is the largest coloured gem-quality stone ever recovered at the company's Lulo project.
Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.
Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material.
With Australia predicted to be the leading LNG exporter by 2022, growth in the industry has been strong this year.
The global miner has denied any wrongdoing in a similar case brought by the U.S. Securities and Exchange Commission.
Mining services provider Mineral Resources Ltd on Tuesday said it was looking to sell a minority stake in its Wodgina Lithium mine in the west of Australia.
The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
The protesters say the running water that they receive from local rivers has been declared unfit for human consumption.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
Andromeda may earn up to 75 per cent interest in Minotaur’s kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years.
Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30.