MINING.COM

Aussie miner ready to export first rare earths from Kimberly region

The Browns Range heavy rare earths pilot plant was officially opened late last month and will make Northern Minerals the only significant dysprosium and terbium heavy rare earth producer outside of China.

Cecilia Jamasmie | August 20, 2018 | 10:15 am

Australian iron ore miner Fortescue’s annual profit halves

Fortescue Metals said that its annual profit halved as prices for its lower quality iron ore fell.

Reuters | August 19, 2018 | 8:17 pm

Dorado: Australia’s biggest oil discovery this century

The Dorado-1 well was expected to find 545 bcf of gas but resulted in something much more valuable, a large commercial oil find.

Wood Mackenzie | August 16, 2018 | 11:21 am

Perth Mint launches first gold-backed ETF on NYSE

The new fund, which will trade under the ticker symbol AAAU, will charge a fee of 18 basis points, or 0.18 percent of the value of an investment.

Reuters | August 15, 2018 | 10:00 am

Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC.

Cecilia Jamasmie | August 15, 2018 | 7:26 am

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

Reuters | August 14, 2018 | 10:36 am

Lithium boom unlikely to disrupt potash market — analyst

While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.

Cecilia Jamasmie | August 14, 2018 | 5:55 am

China may end up inadvertent winner from Trump’s aluminium tariffs: Russell

It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.

Reuters | August 13, 2018 | 3:35 pm

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

Cecilia Jamasmie | August 13, 2018 | 3:43 am

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Rio Tinto pays $9.1 billion dividend as profit hits record

Ex Rio Tinto chief Walsh joins Aboriginal group’s board

Australian nickel-gold miner IGO revenue rises on robust prices, sales

Top Australian capital raises seek to create mining value

African nations criticize push to fast-track deep-sea mining talks

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