Australia Mining News

Reform overdue to drive growth and protect Australia from future downturn

Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.

Giant Bougainville mine restart stalls on moratorium over fears of civil unrest

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

Liberty House is the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance and Rio's aluminium smelter in Dunkirk, France, is the largest in Europe.

Australia forecasts 20 pct iron ore price drop in 2018 as China demand eases

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

Australian minerals companies paying their fair share in tax — report

Aussie miners paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties – the second-highest tax ratio recorded since the survey began nine years ago.

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

$900M Australian rare earths mine given state approval

The mine could supply up to 10% of world demand for neodymium and praseodymium, used in the manufacture of magnets for wind turbines, and electric vehicles.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Chile and Argentina to lead lithium output growth after 2018

The bulk of new capacity would come online in 2019.

The 5 largest gold nuggets that still exist

From a nugget containing 1682 troy ounces of gold to one shaped like a massive pair of hands- here is a list of five of the biggest existing nuggets.

Nickel prices will continue to fall: BMI

Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.

Vale is said to be negotiating BHP exit from Samarco venture

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

Mining in 2018: Copper price to power on

Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

Glencore sells Australian coal mine to Gupta's GFG Alliance

Glencore agreed to sell one of two Australian coal mines it put up for sale last year to British industrialist Sanjeev Gupta's GFG Alliance.

The EU starts to lead the Kimberley Process

Even though the system has received criticisms, its 54 participants seem committed to making it work.

Silver-lead-zinc-mine to re-open in New South Wales

The town of Broken Hill, New South Wales, will have something to shout about in the new year.

Aussie penny gold stock jumps nearly 30% on drill results

Australian gold investors got a lift on Wednesday after Empire Resources (ASX:ERL) came out with some impressive new drill results at its Penny's Find gold mine.

Outback's nascent gold rush hits speed bump on drill results

The nascent gold rush in Western Australia’s remote outback hit a speed bump after a key player reported disappointing drilling results.

Flexible, autonomous dust suppression unit that’s ready to go

Italian company EMiControls recently launched its latest model - the autonomous V12sm Dust Controller which is mounted to a specially designed trailer with integrated water tank.

Western Australia government rejects Mineral Resources’ iron ore project

The decision is final and without appeal.

Ships in a bottleneck: China, Australia ports clogged as coal, iron ore demand soars

With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key charter rates jumped to highest in more than three years.

Australia's BlueScope Steel raises half-year earnings forecast

The steel maker said it expects higher earnings before interest and tax at A$460 million ($352.45 million), compared with earlier forecast of A$420 million.

Coal's resilience today will prove its ultimate downfall: Gadfly

For all the doom and gloom about the future of coal, the past two years have been a boom time for coal prices that's exceeded by their 2010 to 2012 peak.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Miners big and small bank on China's hunger for high-grade iron ore

China's aggressive campaign to clean its skies by clamping down on polluting steel mills has fuelled a need for high-grade iron ore.