Iron ore has rallied overnight to close to US$60 per tonne off China’s ongoing plans to cut capacity and uncertainty over China’s south sea claims.
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Gold rally drives producer value
Gold has continued its post-Brexit rally, cementing its position as 2016’s top performing commodity.
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Long-term security for Arrium Whyalla needed: SA politicians
The South Australian government and SA senator Nick Xenophon have urged the new federal government to secure the long-term future of the Whyalla steelworks.
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Australian Government predicts lower iron ore prices
The Australian Government has revised its initial 2016 budget forecasts for iron ore, dropping them by a fifth as market volatility continues.
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Deutsche Bank exits coal as Morgan Stanley reaffirms its support
Weak coal prices and environmentalist pressure has seen Deutsche Bank drop its coal investment team, however Morgan Stanley has reiterated its support of coal.
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Miners need to focus on balance sheets to survive, EY says
Mining companies need to focus on strengthening their balance sheets and generating cash if they are to survive current market instability, EY states in its latest report.
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Arch Coal escapes bankruptcy litigation with timely loan
Arch Coal has escaped possible litigation from creditors after securing support to work its way out of Chapter 11 bankruptcy.
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The decline of coal in three charts
Visual Capitalist outlines "how coal from hero to zero" in only five years.
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Is iron ore set to fall to $35?
Despite iron ore’s recent strength, analysts remain negative on the metal, predicting a new floor price of US$35 per tonne.
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Rio Tinto announces tax payment
Rio Tinto has unveiled this year’s tax payments, stating it paid US$4.5 billion in tax and royalties globally.
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Iron ore rises on the back of Brexit
Iron ore has gained pace in markets overnight thanks to concerns over the Brexit’s effect on trade.
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BHP to spend nearly a fifth of budget on exploration
BHP has announced a renewed focus on exploration, targeting “opportunities across copper and oil”, aiming to spend nearly 20 per cent of its capital budget on exploration.
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Tracking the 2016 Trends – Part 4
The fourth of a ten part series examining the trends that will drive the mining industry in 2016.
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Anglo American’s coal mine sale down to two bidders
It is believed the sales process for Anglo American’s Grosvenor and Moranbah North coal mines is now down to the last bidders, BMA and AMCI.
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FMG ratings outlook upgraded
Moody’s has upgraded Fortescue’s outlook to stable, affirming its rating at Ba3.
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Tracking the 2016 Trends – Part 3
The third of a ten part series examining the trends that will drive the mining industry in 2016.
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FMG pays down US$500m in debt
Fortescue Metals Group has continued its focus on reducing debt, paying off US$500 million from its 2019 term loan.
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BHP to cut coal costs by $800m
BHP is aiming to find US$600 million in savings from its coal operations, as it focuses on productivity and finding ‘latent capacity’.
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The state of metals: May 2016
An insight into how metals have performed the year to date, and how they move in the year ahead.
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World’s top 40 miners [infographic]
Australian Mining has collected together the top 40 miners globally, showing who is the largest of them all, and which companies are still performing despite the downturn.
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