Australia Mining News

Western Australia sees wave of lithium and coal projects

Over the next few years, the lithium sector in Western Australia will benefit from project expenditure of several billion dollars.

Famous yellow diamonds yielding mine set to reopen

The Ellendale mine produced around half of the world’s supply of rare yellow diamonds during peak production.

POSCO to buy lithium mining rights in Argentina from Galaxy

The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.

Tipping point? Inflation creep at Australia's mines to erode margins

Rising costs, falling metals prices may eat into margins.

Chile’s lithium giant SQM sees prices falling further this year

But the world's second largest producer said they will remain higher than the average reached last year.

Australia faces increased blackout risks this summer as coal plants age

The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable.

Australia's South32 annual profit jumps on robust manganese, alumina demand

Australia's South32 Ltd posted a 16 percent rise in its annual underlying earnings, as healthy demand for manganese and alumina helped offset tepid output at its Illawarra coal project.

No matter how many leaders Australia knifes, renewable energy will still win: Russell

The problem for Australia is that this isn't something being imagined, it's the reality of a country that can't find political and social consensus on climate politics and the role of its vast reserves of coal, natural gas and even uranium.

Gold output in key countries to slump to ‘generational’ lows — report

Bullion production grew for nine consecutive years to reach an all-time high in 2017.

Western Australia junior gets 'conerstone' funding from Chinese battery manufacturer

Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.

Technical issue disrupts BHP’s Olympic Dam copper smelter

Company is assessing the impact of an ongoing outage at the processing plant.

BHP annual profit jumps 33 percent, misses forecast

Analysts thought profits would reach $9.27 billion.

L&M Coal Holdings wins $40m NZ high court action against Bathurst Resources

LMCH successfully argued that further payment for West Coast coal assets that it sold to Buller in 2010 in a deferred settlement agreement was due because Buller had triggered agreed production levels.

Aussie miner ready to export first rare earths from Kimberly region

The Browns Range heavy rare earths pilot plant was officially opened late last month and will make Northern Minerals the only significant dysprosium and terbium heavy rare earth producer outside of China.

Australian iron ore miner Fortescue's annual profit halves

Fortescue Metals said that its annual profit halved as prices for its lower quality iron ore fell.

Dorado: Australia's biggest oil discovery this century

The Dorado-1 well was expected to find 545 bcf of gas but resulted in something much more valuable, a large commercial oil find.

Perth Mint launches first gold-backed ETF on NYSE

The new fund, which will trade under the ticker symbol AAAU, will charge a fee of 18 basis points, or 0.18 percent of the value of an investment.

Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC.

Mobile Automation Centres retrofitted for Metals X

In addition to RCT’s products, its technicians installed additional features as per requested by the client. This included stand-alone air conditioning, Ice Pak and rear personnel carrier to support the condenser, a custom bull bar, UHF radios and UHF.

Innovation rebate caps are restricting Australia’s prosperity

Australia is at an economic crossroads. The perceived end of the mining boom and the disappearance of the last bastions of the traditional manufacturing sector have created uncertainty about Australia’s future and its place in the global economy.

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

Lithium boom unlikely to disrupt potash market — analyst

While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.

China may end up inadvertent winner from Trump's aluminium tariffs: Russell

It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

Global bauxite production to grow: Fitch

Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.