Australia Mining News

Gekko exec on the challenges of working in the Arctic

Gekko's Technical Director talks about the challenges of working at TMAC Resources’ Hope Bay Project

Yancoal seeks $2.5bn from investors to pay for Rio’s Aussie coal mines

Former rival bidder Glencore will subscribe to $300 million worth of the rights offer.

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Caterpillar in search of new CFO as Halverson to retire next year

Brad Halverson has spent nearly three decades with the mining and construction equipment maker.

BHP denies it has agreed to sell Samarco stake to Vale

Brazilian newspaper had claimed BHP was selling its stake in the Samarco iron ore mine to its partner Vale.

Upbeat China data sends iron ore soaring, climbs the most in 8 months

Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016.

Glencore acquires half of former Rio coal mine in Australia

The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto’s former coal assets in Australia's Hunter Valley

Australian Mines creates COO role to advance cobalt-scandium-nickel projects

The move is aimed at advancing the Sconi cobalt-nickel-scandium project in Queensland

Rio Tinto unveils its largest red diamond

The Argyle Everglow is a 2.11 carat polished radiant cut diamond

ADU 2017 Conference: Globe to Host Panel ‘Africa’s People Puzzle’…

From 6-8 September in Perth, WA.

Mining leaders connect with technology, finance and the future

Some of the biggest names in mining and resources will share their knowledge and experience with delegates at the 2017 International Mining and Resources Conference (IMARC) in Melbourne from October 30 to 2 November. Whether […]

Religious leaders occupy Australia’s environment minister's office to protest Adani’s coal mine

A rabbi, a Uniting church reverend, a former Catholic priest and a Buddhist leader occupied Australia's environment minister's office

Here’s how to avoid being caught in mining scams

These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.

Batteries and renewables to start displacing gas in South Australia by 2025

Battery costs to fall 50% - beginning to compete with gas.

Caterpillar earnings beat estimates, shares hit five-year high

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Mosaic joins chorus calling BHP’s Jansen potash mine plan unwise

Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.

BHP $2.5bn expansion of Spence copper mine in Chile approved

Company will make a decision on the plan in August.

Australian court rules against Fortescue in mining land case

While the decision doesn’t ban Fortescue from continuing to operate the mines, it paves the way for the group to sue the company for hundreds of millions of dollars in compensation claims.

Activist investor Elliott calls BHP potash plans ‘disastrous’

Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.

BHP to spend $277m to modernize Australian copper smelter

The smelter, one of the largest in the Southern Hemisphere, has been hampered by insufficient power supplies and maintenance work since a major power outage last year shut operations for two weeks.

Iron ore soars past $70 a tonne

Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.

Rio’s revised iron ore guidance pushes price to three-month high

From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.

Coal mine sold for less than $1 reopens, to reach full production by year-end

Blair Athol thermal coal mine, located in Queensland, Australia, had been closed since 2012 when former owner Rio Tinto shut down operations after almost 30 years of production.

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

BHP to speed up Jansen development as potash demand to double by 2040

The world's largest miner believes potash will be a $50 billion market by the late 2040s.