Australia Mining News

Danakali about to secure financing for potash project in Eritrea

Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.

Coking coal price to remain elevated in 2019— report??

On the supply side,?Fitch?expects?production misses from Australia to keep the?market tight in the coming quarters as large diversified miners lose their appetite for mining coal.?

Malaysia govt 'pleased' with rare earths firm Lynas' plans to move initial ore processing — CEO

Lynas said it intends to build an initial ore processing plant in Western Australia that would help it overcome political headwinds in Malaysia.

South Australia grants Havilah mineral leases for Kalkaroo project

Owner Havilah Resources said the decision secures the company's right to mine Kalkaroo.

World's most contested coal mine doesn’t add up — opinion

After the opposition Labor party suffered heavy losses in coal-mining regions in Saturday’s Australian federal elections, the Carmichael project?looks to be getting closer than ever to approval.

Kidman Resources accepts Wesfarmers $534m takeover bid

Wesfarmers is working with Kidman towards developing a large-scale, long-life and high-grade lithium hydroxide project in Western Australia.?

Adani's coal hopes look increasingly isolated as BHP joins naysayers — opinion

BHP Group CFO Peter Beavan told a strategy briefing on Wednesday that the world's biggest www.xstvk.icupany has "no appetite" to grow its thermal coal assets.

Iron ore is surging, but not all producers are joining the party — opinion

While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.

Newcrest starts drilling at Greatland Gold’s project in Western Australia

The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.

The future of energy won't be decided by voters — opinion

Investors in energy seem now to be sitting on the sidelines, waiting to see whether the cost deflation in renewables will overcome?issues around grid integration, or whether some unforeseen policy backlash can drive a second coming of fossil fuels.

BHP more bullish on long-term EV prospects

The world's largest miner has revised up expectations for electric vehicle sales and market penetration, but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.

Indoor rainforest maker to transform former Australian coal mine

UK-based charity The Eden project has partnered with Alcoa to build a $150 million eco-tourism attraction?at the company’s former Anglesea coal mine in Australia.

Lithium Australia achieves high-purity lithium phosphate from waste materials

Company experts have developed a technique for removing impurities from the lithium phosphate they produce from waste.

Lynas to move upstream processing of rare earths from Malaysia to Australia

The Australian miner, the world's only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off takeover attempts.

Controversial Australia coal mine boosted after shock vote

A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel.

Lithium expert dismisses oversupply forecasts

The president of Global Lithium dismissed as a 'myth' the possibility of the markets being flooded with lithium chemical.

How a gold mine drama set this man on a path to lead Australia

The drama surrounding the rescue of two men trapped in an Australian gold mine in 2006 has unearthed an unlikely star -- Bill Shorten, a union leader who’s now poised to become the nation’s prime minister.

Australia’s St. Barbara grabs Canada’s Atlantic Gold in $536m deal

Moves gives Aussie miner access to the Moose River gold complex in Nova Scotia, Canada, which comprises one producing open-pit and three other development projects.

Australia's Pembroke wins govt approval for $700m coking coal mine

Pembroke has been talking to potential customers and is also open to selling a stake in the mine that will eventually produce 15 million tonnes of high-quality coking coal a year.

Queensland Resources Council welcomes gold mine expansion in the state’s north

The QRC has welcomed the state government’s decision to grant Resolute Mining nine new mining leases as part of a $150m project to extend the life of its Ravenswood gold mine.

BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom

The biggest www.xstvk.icupanies say they are well positioned to provide the metals needed for the shift to EV technology.

Australian corporate watchdog goes after Merlin Diamonds

ASIC has for months been probing how Merlin Diamonds has loaned A$13 million of investor money to a private company, AXIS Consultants, which has long been associated with the miner's chairman and his family.

First Quantum signals potential restart of Ravensthorpe mine

According to the company, initial planning for the resumption of operations at Ravensthorpe has begun.

Rio Tinto’s iron ore mine expansion gets environmental nod

Approval is subject to conditions, including the protection of national park water resources and endangered ghost bats.

Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.