Australia Mining News

More than 400 jobs to go at Glencore’s Hail Creek coal mine

The company also said it would reconfigure the mining methods used at Hail Creek, a process that will be phased in over the next 18 months.

Australia’s coal sector hopeful

A new report prepared for the Minerals Council of Australia forecasts that the demand for metallurgical coal to 2030 will grow by over 95Mt.

BHP sees stock briefly spike before closing auction in Australia

It was just one trade of 5,000 shares, and it happened after the regular trading day. But it was enough to spike the price.

Peabody Energy to shut parts of Queensland mine after fire

Peabody Energy intends to permanently seal the area where high methane levels have been concentrated after it reported fire in its North Goonyella mine.

Lynas jumps after its critic in Malaysian Gov't leaves review team

Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.

Extending the life of mine beyond its life as a mine

For Tom Butler - CEO of the International Council on Mining and Metals – ensuring that mines have alternative uses post closure is an essential step in building and maintaining a company's social license to operate.

Australia's Fortescue announces $353m share buyback program

The program will begin after the iron ore miner releases its quarterly report on Oct. 25 and will remain in place for a period of up to 12 months.

Australian tungsten producer Wolf Minerals says its British unit has stopped trading

Wolf Minerals said on Thursday that it could not meet its short-term working capital needs after failing to reach a deal with its financial backers.

Australia's Port Hedland iron ore shipments to China rise 5% in Sept

Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September.

RNC Minerals recovers giant gold slab from its mine in Australia

The company believes the stones are among the biggest of their kind ever unearthed in the country.

BHP aims to restart Olympic Dam copper facility this month

In August, BHP had shut an acid plant following a boiler tube failure, disrupting copper processing. Underground mining at the site continued as normal.

Proxy adviser PIRC tells shareholders to oppose BHP Billiton's remuneration report

PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17

The top ten zinc producing mines in the world

India clinches the title for largest zinc mine with Rampura Agucha.

Lynas shares jump on Malaysia review comments

Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics.

Glencore, Tohoku Electric set coal contract price at $109.77/T

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

Boart Longyear awarded GEMCO drilling contract in Australia

GEMCO is an open-cut mining operation, producing high-grade manganese ore that is shipped to GEMCO’s Tasmanian manganese alloy plant and around the world.

Future leaders critical to the future of the mining industry

With the mining industry currently facing a critical skills shortage, a larger emphasis needs to be placed on attracting and engaging the next generation of leaders, says the Australasian Institute of Mining and Metallurgy (AusIMM) - founding partner of the International Mining and Resources Conference (IMARC).

Anson Resources produces first lithium hydroxide from Utah project

With this development, the Australian miner has now produced both lithium carbonate and lithium hydroxide from Paradox, its flagship project.

Axiom soars on near supply deal for Isabel nickel mine in Solomon Islands

Mining at the project in the Pacific nation will start in December, with ore shipments expected to begin in the first quarter of next year.

BHP and Vale reach final settlement in Brazil over dam failure

The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.

Un-mothballed Century Mine sells $19.5M of zinc concentrate in September

The mine was the third largest zinc mine in the world prior to its closure in 2016.

Lynas presses Malaysian authorities to explain plant review status

The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.

Rio Tinto, Japanese partners to inject $1.55B into Aussie iron ore projects

The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products.

Pink diamond breaks world record

It sold for more than $2.9 million.

Metallurgical coal prices starting to slip: Fitch

Fitch suggests that miners' focus would probably be on cost controls.