June 16, 2014

New Zealand may approve underwater mine this week

Trans Tasman Resource project will vacuum iron-rich seafloor sands, to later extract the desired titano-magnetite for export to Asian steel mills.

June 13, 2014

Aquila dives as China’s Baosteel warns no better bid coming

Baosteel chairman Dai Zhihao threatened to dump the company's 19.8% stake and said it would not extend the offer past the July deadline.

June 12, 2014

The iron ore price is falling again

Shares in producers are dumped after price of iron ore falls 2% to fresh 22-month on more bad economic news from top consumer China.

June 12, 2014

Aussie scientists develop cost-effective way to treat mining wastewater

The treated water can be either released to the environment or recycled back into the purifying plant.

June 11, 2014

Report: Thermal coal price forecasts too pessimistic

Macquarie says sub-$65 unlikely because first Indonesian and then Australian producers will drop out of the market around these levels.

June 11, 2014

China’s Baosteel faces competition in bid for Aquila Resources

Mineral Resources, which also operates small iron ore mines, now owns a 12% stake in Aquila.

June 11, 2014

Asteroids mined for fuel to generate trillion dollar market, says firm

Orbiting spacecraft could be refuelled with water taken from asteroids—but some experts doubt the economics.

June 10, 2014

‘Peaking’ supply surge to lift iron ore price above $100

Research note from Citi sees $90 as support and a move back above $100 in Q4, but UBS warns on collateralized loans.

June 10, 2014

BHP Billiton a step closer to selling-off non-core operations

World's largest mining company said to be unloading all of the non-core units acquired after the merger with Billiton 13 years ago.

June 10, 2014

BHP’s Mount Arthur coal mine evacuated on bomb threat

The incident comes on the heels of jobs reductions announced last week, which affected about 50 contractors.