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 Mining News
A new report prepared for the Minerals Council of Australia forecasts that the demand for metallurgical coal to 2030 will grow by over 95Mt.
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 intends to permanently seal the area where high methane levels have been concentrated after it reported fire in its North Goonyella mine.
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.
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.
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.
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.
Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September.
The company believes the stones are among the biggest of their kind ever unearthed in the country.
In August, BHP had shut an acid plant following a boiler tube failure, disrupting copper processing. Underground mining at the site continued as normal.
PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17
India clinches the title for largest zinc mine with Rampura Agucha.
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.
The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
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.
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).
With this development, the Australian miner has now produced both lithium carbonate and lithium hydroxide from Paradox, its flagship project.
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.
The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.
The mine was the third largest zinc mine in the world prior to its closure in 2016.
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.
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.
It sold for more than $2.9 million.
Fitch suggests that miners' focus would probably be on cost controls.