Australia Top Stories

Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets

Copper M&A more than doubled in 2022 to $14.24 billion from the previous year, according to an S&P Intelligence report.

Reuters | July 24, 2023 | 3:19 am

CHARTS: Value of world’s 50 biggest mining companies slump $356bn from post-pandemic peak

MINING.COM’s ranking of world’s biggest miners welcomes the first Indonesian…

Frik Els | July 21, 2023 | 2:35 pm

Newcrest drops after potential buyer Newmont’s weak second quarter

Shares of Newcrest Mining Ltd fell as much as 5.4%…

Reuters | July 21, 2023 | 7:47 am

Australia blocks acquisition of lithium mine by China-linked firm

Country issued a prohibition order stopping Austroid Corporation from acquiring…

Reuters | July 21, 2023 | 7:32 am

Western Australia’s mining sector was key for post-covid-19 economic recovery – report

International trade and a thriving mining and resources sector were…

Staff Writer | July 21, 2023 | 6:06 am

Research on earth’s ancient water cycle may shed new light on how largest gold deposits formed

A new study shows that water was transported much deeper in the early earth than previously thought.

Staff Writer | July 29, 2022 | 6:06 am

Glencore flags cash tied up in record trading profits

The world’s biggest commodity trader is expected to report record profits next week, driven by surging thermal coal prices and record trading returns.

Bloomberg News | July 29, 2022 | 5:55 am

Rio Tinto inks deal to unlock huge Simandou iron ore project

The miner has formed a JV with the Guinea government and Winning Consortium Simandou to develop infrastructure, including a railway and port.

Bloomberg News | July 28, 2022 | 3:03 am

Fortescue raises annual shipments forecast amid inflation pain

The world's fourth-largest iron ore miner said it shipped 49.5Mt of the steel-making ingredient in the quarter ended June 30.

Reuters | July 27, 2022 | 4:21 pm

Glencore sells Yancoal Australia stake in $293m block trade

The sale comes almost a month after Glencore and other shareholders rejected an offer by China's Yankuang Energy to buy the remaining 37.7% of shares in Yancoal.

Reuters | July 27, 2022 | 7:59 am

Rio Tinto slashes dividend as profits take a hit; shares tumble

Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.

Reuters | July 27, 2022 | 7:55 am

Rio Tinto, Fortescue record profits near end on price view, dim demand

A persistent downward trend in iron-ore prices is expected to weigh significantly on the earnings of top Australian miners.

Reuters | July 26, 2022 | 7:29 am

Greenland Minerals to fight draft rejection of mining permit for rare earths project

The miner will object the draft decision as it relies on a ban on uranium mining, which is being contested separately through arbitration.

Cecilia Jamasmie | July 26, 2022 | 3:58 am

South32 hasn’t found buyer for Eagle Downs coal project

It said that offers to date for the metallurgical coal project in Queensland, Australia, have been unacceptable.

Cecilia Jamasmie | July 25, 2022 | 3:49 am

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