After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.
Australia Mining News
Australia ready to begin exporting uranium to India — Prime Minister
Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.
BHP rejects activist fund Elliott urge to spin off US oil assets
Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.
Yancoal poised to become one of Australia’s top three coal producers
By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.
Coking coal price close to $300 a tonne on Australian disruptions
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
Iron ore miners shares drop as prices collapse
Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.
INFOGRAPHIC: Animation – The world's population in 2100 by region
The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.
Rio Tinto to fight $447 million Australian tax bill
The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.
Erdene Resource moving forward with flagship project in Mongolia
While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.
Cyclone damage causes BHP to declare force majeure in Australia
The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.
INTERACTIVE MAP: World's top 10 gold deposits
Together these giant orebodies contain reserves worth $796 billion at today's gold price.
Newmont Mining reshuffles management in Australia
Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.
Beyond the Mine: Newmont publishes 2016 Sustainability Report
Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.
Iron ore drops below $80 a tonne again
So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.
Search for ship containing 260,000 tonnes of iron ore continues
The Stellar Daisy, which set out from the a port in Brazil to China, last made contact on Friday. 22 out of the 24 crew members are still unaccounted for.
Cyclone Debbie disrupts $3.2bn of Australian coal exports
Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes of coking coal destined to Asia.
Vedanta CEO Tom Albanese to leave company in August
The news follows the exit of former Anglo American CEO Cynthia Carroll, who stepped down last month.
Iron ore price under pressure from Chinese mine restarts
Iron ore price down 12% in two weeks – Rio Tinto says Chinese domestic reboot is "main source of uncertainty" for the market.
Escondida mine replaces top exec after failing to reach deal with workers
Appointment comes barely a week after the mine, operated by BHP Billiton, failed to secure a wage deal with 2,500 workers after a 43-day strike.
Miners to spend $21 billion on exploration by 2025
Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.
Rio Tinto appoints President of Diavik Diamond Mines
Rio Tinto has appointed Patrick Boitumelo as President and Chief operating officer, Diavik Diamond Mines.
