May 27, 2015

No point in top iron ore miners cutting supply: Goldman

Goldman expects the iron ore "war of attrition" will continue while prices gradually decline toward its $40 per metric ton forecast by 2017.

May 26, 2015

Fortescue shares skyrocket on Chinese investment rumours

The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.

May 26, 2015

China’s Zijin inks deals with two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the…

May 26, 2015

Barrick sells 50% in Papua New Guinea unit to China’s Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

May 25, 2015

New resource drilling commences at Toro’s Wiluna Uranium Project in W.A.

The program comprises up to 130 planned shallow drill holes (10-15m deep) for up to 1,600 metres of sonic core drilling across four deposits, Lake Maitland, Centipede, Millipede and Nowthanna.

May 25, 2015

Barrick sells Cowal mine to Evolution Mining for $550 million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

May 22, 2015

Industry Leaders Join Forces to Create Haul Road Optimisation Alliance

The Haul Road Optimisation Alliance provide complete haul road management including site assessment, design, construction, road surface friction assessment and profiling, automated water truck spray systems, remotely monitored water assets,…

May 22, 2015

Zijin Mining, Gold Fields among final bidders for Barrick’s Australian gold mine

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South…

May 21, 2015

Digging deep to unearth success in mining ventures

Researchers from QUT's Australian Centre for Entrepreneurship Research (ACE) investigated more than 1000 joint ventures in the Australian mining industry to uncover why some succeed and others fail.

May 21, 2015

Australia ditches iron ore probe after lobby, China-Brazil supply deal

The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.