March 7, 2016

Insane rally rockets iron ore price past $60

Iron ore price posts largest one-day gain ever surging 19.5% to $62.60 a tonne in frenzied Chinese trading.

March 7, 2016

Global mining exploration down 19% in 2015

The global exploration sector continues to struggle against strong market headwinds, a new reprt shows.

March 3, 2016

Iron ore price jumps to new 2016 high

Latest advance sees year-to-date rally top 20% ahead of crucial economic policy-setting meeting of Chinese leaders.

March 3, 2016

Former Aussie coal magnate Nathan Tinkler officially bankrupt

Once Australia's youngest billionaire, the electrician turned coal baron has failed to pay off his private jet and other debts and is now officially ruined.

March 2, 2016

Barrick announces ‘drastic revision’ of Pascua-Lama, may add partner

Analysts believe that Barrick’s partner in Papua New Guinea, Zijin Mining Group, could be the one to help turn Pascua-Lama into a success.

March 1, 2016

Warning of another string of mining bankruptcies in 2016

Rate of corporate defaults could be double historical average going back to 1920 says new study.

March 1, 2016

Glencore swings to loss on write-downs and collapsing coal, metal prices

The Switzerland-based mining and energy giant lost $5 billion in 2015.

February 29, 2016

Greenfield exploration in Australia picks up

Total area drilled (in metres) climbed by 6.9% during the December quarter, with activity in areas of new deposits increasing by 29.6%.

February 28, 2016

Australia’s gold output climbs to 12-year high

Full-year production was 285 metric tons last year, almost two tons more than in 2014 and the highest annual total since 2003.

February 26, 2016

Bluetooth technology ushers in new era of technological advancement

A COMPANY creating Bluetooth devices to help the mining industry run more efficiently is expanding its technology for use in everyday life.