Australia Mining News

Barrick Gold just bought more than $9 million worth of shares in this junior

The non-brokered private placement gives Barrick about 15% of Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects in South America’s North Atlantic coast.

Australia’s NSW to ban open-pit mining in South Drayton area

The New South Wales Government decided there would be no open-pit mining at the site formerly known as Drayton South, but it paved the way for an underground mine instead.

Two women to lead Australian iron ore mining company

As soon as the new year kicks off, Fortescue Metals Group will be led by new CEO Elizabeth Gaines and her right hand Julie Shuttleworth.

Gold production will grow in coming years: BMI

The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

Western Australia's gold royalty hike blocked again

The Western Australian government’s second attempt at increasing the royalty rate for gold miners has failed to pass in Parliament.

SolGold on a roll in Ecuador with finds at Timbara, Porvenir projects

The Ecuador-focused miner said it has discovered "promising" new copper prospects at the Porvenir and Timbara projects, with rock chip samples graded up to 4.27% copper.

Mine site restoration needs more time: Australian researchers

They say the mining industry is being asked to achieve thousands of years of natural soil development in under a decade.

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations

The world’s No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.

Adani hopes for govt coal mine loan fade after Australian election

The Queensland state premier, who had originally supported Adani's application for a federally funded loan, now says her government will veto it.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Mineral Resources not surprised by Environment Minister's rejection of its Western Australia project

"This position has remained unchanged for a number of years," the miner said.

South32 to spin off South Africa coal business

Process could lead to a listing of the business on the Johannesburg stock exchange, it said.

Clive Palmer’s $197m win revives nickel hopes

Clive Palmer says he will look to use the proceeds from his $US150 million ($197.4m) legal victory over Chinese corporate giant Citic to reopen his shuttered Townsville nickel refinery in north Queensland.

Why the commodity supercycle is favoring investors right now

Precious, base and energy metals are all benefiting from the commodity supercycle, says Louis James, editor of International Speculator

Mining’s innovation deficit: transforming to a new performance model

The mining industry needs to ramp up productivity. The solution lies in adopting lean and design thinking approaches, following key several principles.

Tesla completes world's largest lithium-ion battery in less than 100 days

The battery is expected to help power some 30,000 homes in South Australia.

Australia's Clive Palmer wins court case against China's CITIC

Palmer's Mineralogy claimed it is owed money by CITIC's Sino Iron mine in Western Australia over a failure to agree to a formula for calculating the value of the ore extracted at the site following a shift in pricing in the iron ore market.

Marmota to process ore at its neighbour’s mine

The South Australian company is exploring different avenues to be able to bring its Aurora Tank project into production.

Australia's energy guarantee could ‘decimate’ wind, solar: BNEF

National Energy Guarantee program could slash investment in wind and solar projects if Australian government fails to boost 2030 emissions-reduction target.

Australia's ANZ resigns membership of London Metal Exchange

The LME said in a notice to users that the resignation would be effective at the close of business on Nov. 24.

Legal kerfuffle in Spain around uranium mine environmental assessment

Spain's National Audience dismissed a series of allegations presented by Berkeley Energia against a legal action filed by a group of environmentalists who oppose the company's uranium project.

Chile’s Escondida workers on strike to protest layoffs

Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."

Escondida to lay off 3% of its workforce

Officials for the world’s largest copper mine say they are “adjusting production processes.”