Fortescue Metals Group chief executive Nev Power expects the volatility in the iron ore market to settle over the next six to 12 months.
The doom-and-gloom surrounding the future of the price for iron ore remains on the back burner after its value spiked more than 7 per cent over night.
Australia’s liquefied natural gas (LNG) exports are forecast to grow 22.6 per cent in the 2018 financial year.
The New South Wales Government will scale back the exploration licence previously granted to China’s Shenhua Watermark Coal to protect agriculture in the Liverpool Plains.
Iron ore will average below $US50 a tonne next year and remain under that mark through 2019, according to the latest forecasts from the Department of Industry, Innovation and Science.
Australia has contributed as global coal consumption fell sharply for the second consecutive year in 2016, according to a BP report.
The Queensland department of natural resources and mines (DNRM) has granted the final heritage approval for Carbine Resources’ Mount Morgan gold copper project, southwest of Rockhampton.
Lithium developer Pilbara Minerals has secured an off-take agreement with China’s Jiangxi Ganfeng Lithium for spodumene production from the Pilgangoora project in Western Australia.
The iron ore price has dropped to its lowest mark in almost a month after falling below $US90 a tonne overnight.
Metalicity has secured a joint venture agreement with China Nonferrous Metals Company (CNFC) that will help it advance the Admiral Bay zinc project in Western Australia.
Rio Tinto and Aluminium Corp of China (Chinalco) have reportedly terminated their joint venture set up to explore for copper.
Australia’s liquefied natural gas (LNG) exports surged in 2016 as a plethora of new projects in Western Australia, the Northern Territory and Queensland triggered a flood of new shipments to global markets, a new report from EnergyQuest has found.
Australian Mining attended the opening of Cudeco’s Rocklands copper mine in Queensland.
Fortescue Metal Group’s credit rating has been upgraded by S&P Global Ratings in a sign that the company’s productivity and efficiency initiatives are working.
The number of mining deals in Australia is rising, according to Ernst & Young’s (EY) third quarter global mining and metals M&A activity report.
Both iron ore and steel have surged in China after investors scooped up commodities that were cheapened by a period of losses.
All of the 33 miners trapped underground after a gas explosion in a Chinese coal mine have been found dead following the incident on Monday.
At least 15 people have died and 18 are missing after a gas explosion at a coal mine in south western China yesterday.
Queensland copper producer CuDeco has announced a milestone for its Rocklands Copper Mine, sending its first shipment of sulphide copper concentrate to China.
What does a coal miner’s working roster in China have to do with Australia’s export income and the well-publicised budget deficit? Quite a bit it turns out.