Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.
Australia Mining News
Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
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BHP Billiton says more help is needed from both governments and industry to promote the adoption of carbon capture and storage (CCS) technology.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.
Higher commodity exports delivered a record trade surplus of $3.5 billion in December, the second monthly trade surplus Australia has recorded in nearly three years.
Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
Strike could begin as early as Friday, but will likely be postponed for a five-day government mediation to attempt a resolution.
The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.
Newcrest's gold production dropped to 614,715 ounces in the quarter ended in December, from 615,498 ounces in the three months immediately prior and 620,691 ounces a year ago.
Only Africa and Oceania bucking the trend says new study.
The Africa-focused diamond miner said it expects to resume trading before the open on Tuesday next week.
The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.
But the world's number one miner cuts full-year copper production guidance.
The world’s second-largest miner has agreed to sell its Coal & Allied Industries Ltd. subsidiary to Yancoal Australia Ltd., controlled by China's Yanzhou Coal Mining.
Western Australia is poised to sign an agreement with a wealthy New Zealand family whose multi-pronged business empire includes a large, undeveloped iron ore deposit.
Met coal prices are already down 23% in 2017 as US producers plan to add 9m tonnes to export market.
The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.
For companies servicing the mining sector, project opportunities have declined significantly in the past few years.
The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.
Experts and industry actors interviewed by MINING.com see prices picking up this year, driven by declining supplies and the prospect of increased demand coming from construction, electric vehicles and other renewable technologies.
Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.