Indonesia extends Freeport operating permit for Grasberg

Beijing launched the new spot price platform in January in a bid to shift the balance of power in price negotiations away from the big three.

The 30% tax on iron ore and coal producers passed by the Australian government may raise the prices of those commodities but will also shrink margins of steelmakers, analysts say.

Australia's resources and energy commodity export earnings will continue to grow over the medium term to reach a record $225 billion in 2016-17, said today the Bureau of Resources and Energy Economics (BREE).

Anglo American is looking for thermal coal assets in Australia and Indonesia, especially as prices of potential targets have come down, the head of its thermal coal unit said in an interview.

The U.S. Central Intelligence Agency has been accused of involvement in coups and insurrections throughout history, but now an Australian mining tycoon is accusing the CIA of trying to sabotage the Australian coal industry.

Heavy rainfall in the last 48 hours has caused significant disruption at several coking coal mines in the Moranbah region of the Bowen Basin, in Australia's Queensland, market sources said Tuesday.

"The big infrastructure build clearly will come to some end," Ian Ashby, BHP's chief of iron ore said on Tuesday.

Anglo-Australian mining giant Rio Tinto (ASX, LSE & NYSE: RIO) has voluntarily published its "Taxes paid report," outlining the US$10.2 billion it has paid in tax globally this financial year.

Australian ports lying in the path of cylone Lua are resuming operations after the category four storm raced across the northwest coast of Australia over the weekend.