Australia Mining News

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.

BHP says likely to quit global coal lobby group

BHP said it would seek responses from the World Coal Association over policy differences before making a final decision on whether to quit in March 2018.

Ecuador expects $1 billion in mining revenues for 2018

Back in September, the expectation for 2018 was of $488 million in revenues from industrial mining.

This map shows the top immigrant population in each country

If the world’s migrant population formed a new nation, it would be fifth largest. What are the top immigration populations, how does this look mapped out?

Top mining stock becomes 2017's worst loser on China steel shift

Australian iron ore producer is only stock on the nation’s blue-chip resources index to hand investors a loss in 2017, tumbling from its previous top status.

Rio Tinto to retrofit Pilbara trucks for autonomous handling

Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia’s Pilbara iron-ore region, part of a cost-cutting program across its operations.

Newcastle: world's biggest coal export port announces shift away from coal

Newcastle, the world’s largest coal export port, must “urgently” diversify its traffic, the port’s incoming chairman has said, warning that the “long-term outlook for coal is a threat to the port”.

A real Downer: Adani to go it alone on Carmichael

Indian conglomerate cancels $2.6-billion contract with Downer Group.

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.

Indian captive power plants running at half capacity due to coal shortage

The Indian Captive Power Producers Association denounced that most of its member companies are getting half of the coal they need from state-owned Coal India.

Traditional owners say they were forced to negotiate with Adani over Australian mine

Representatives for the Wangan and Jagalingou People said they were forced to sign an Indigenous Land Use Agreement at the Native Title Tribunal for Adani’s Carmichael mine.

Brazil's Samarco wins waste permits in small step toward resuming operations

The permits issued by Minas Gerais state, where the mine is located, allow for the construction of a waste system in a depleted mine to receive tailings.

First Aboriginal mine opens in Northern Territory

Sunday was a proud day for Aboriginal people in Australia's Northern Territory, with the opening of a new bauxite mine.

Vale to mothball New Caledonia mine if no stake buyers found, CEO says

The future of New Caledonia mine is considered a key test for CEO Schvartsman, who pledged to improve shareholder returns.

Glencore says signs labor pacts at most of its Australian coal mines

These new labor agreements with workers at 13 of its coal mines in Australia end months of negotiations over wages and benefits.

Biggest iron ore miner threatens to flood market if prices surge

Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.

Massive Oyu Tolgoi mine to more than double gold production in 2018

Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.

AngloGold gets going on $36 million expansion of Western Australia mine

Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.

Minerals Council of Australia launches project to boost sector

The Minerals Council of Australia is launching a research project to identify opportunities for Australia to boost mining and mining services exports and outward mining investment in Asia.

This is the breakthrough company of Mines & Money 2017

Forget gold, the crazy cobalt price or lithium frenzy; this junior mining company is upending the sapphire (yes sapphire) market.

Superior Gold kicks off mining at Hermes open pit project in Western Australia

The Hermes development project is located about 65 km southwest of the company's 100%-owned Plutonic Gold Mine in Western Australia.