August 31, 2016

Coking coal prices are on fire — up more than 80% in six months

This kind of coal, used in steel-making, jumped 41% in August alone to nearly $140 a tonne.

August 30, 2016

This Aussie miner will pay shareholders in gold

Resolute Mining, a junior with operations across Australia and Africa, said the novel gold-linked dividend policy is a world first.

August 29, 2016

BHP whistleblower paid $3.7 million

The first time the SEC has paid an Australian whistleblower in a corruption case.

August 29, 2016

Australian fund takes over Anglo American’s Foxleigh coal mine

The sale is part of Anglo’s plan to exit coal as well as the miner's divestment scheme aimed to raise between $3bn and $4bn by year-end.

August 26, 2016

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the…

August 26, 2016

Maintenance optimisation program ‘shuts down’ competition

New software that enables an optimal, streamlined approach to mine plant shutdown scheduling to fast track maintenance was the overall winner at today’s Curtin Commercial Innovation Awards, resulting in $15,000…

August 25, 2016

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

August 25, 2016

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

August 25, 2016

This Australian man just found a massive 4kg gold nugget

Named “Friday’s Joy,” it is expected to sell for more than $190,000.

August 24, 2016

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.