Australia Mining News

MICROMINE will showcase its range of mining solutions at Mines and Money 2016

MICROMINE’s specialists will be showcasing our entire suite of solutions which includes a preview of the soon to be released Geobank 2017, the latest version of our secure data management solution, as well as Micromine 2016 which was released in May this year and Pitram, our leading fleet management and mine control solution.

Lucapa granted new five-year exploration licence for iconic Angola mine

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.

China risks wasting $490 billion on unneeded coal plants — study

Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.

Australian rare earths company picks construction contractor

Potentially the first rare earths mine outside China to recover heavy rare earth elements passed another milestone this week.

Austrade Announces Gekko Systems as Australian Export Award Winner!

The Minister for Trade, Tourism, and Investment, the Hon Steven Ciobo MP announced Gekko Systems as the winner of the Australian Export Awards in the Minerals, Energy and Related Services category.

BHP, Vale throw cash lifeline to their halted Samarco iron ore mine

Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Aussie gold miner with Chinese parent company looking to buy half of Kalgoorlie

Barrick Gold's (NYSE,TSX:ABX) quest to find a buyer of the Kalgoorlie "Super Pit" has taken another intriguing turn.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

Solomon gets green light for 3-fold expansion

Australia's EPA has sanctioned a three-fold expansion of Fortescue Metals Group's (ASX:FMG) Solomon Hub, which could sustain production for another 35 years.

Essential mining laws in Western Australia you must know

Mining. No, not the explosive type, but the other where excavation of the Earth takes place in search of minerals for extraction. But, before you get out there prospecting, you have to be aware of the laws, acts and rights which exist.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

Barrick on track to meet 2016 debt reduction target — Haywood

The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.

About 500 iron ore jobs to go at Rio Tinto

The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.

Rio to idle Hope Downs 4 over Christmas

Employees at Rio Tinto's (LON,NYSE,ASX:RIO) Hope Downs 4 mine in Australia will do better than a lump of coal over Christmas this year.

Gold Fields withdraws $1.4bn offer for Kirkland Lake

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.

Falcon Group expands presence in Australia with new Perth office

Leading specialist financier Falcon Group opens second Australian office – with a particular focus on providing support to mining and the mining services sector

China relaxes coal mining restrictions as supply tightens

Fresh rules aim to counter surging prices for the nation’s top energy source.

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.

VIDEO: Eagles attack and take down drones at remote mining site in Australia

South Africa's Gold Fields has already lost nine of these vehicles since it adopted the technology at its St Ives operation, in Western Australia.

Of 22 banks polled NO-ONE sees copper price rally continue

New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.

Iron ore price stabilizes after sharp drop

BHP, Fortescue have no plans to follow Rio Tinto in shutting down iron ore mines over end of year holiday period.

Australian coal continues to underpin economic development in Asia

The Report confirms that Australia remains the world’s largest coal exporter, contributing more than $40 billion to the national economy.

Rio learnt about Simandou dubious payment over a year ago — report

Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.

Queensland groups launch campaign to support Adani’s Carmichael coal project

As Adani’s Carmichael project continues to gain momentum with the confirmation of construction commencing in 2017, community and industry groups have launched a support campaign on social media.