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Glencore coal miners return to work in Australia but vow more strike action

By: Reuters     17th August 2017 Coal mine workers from seven Glencore collieries in Australia returned to work on Thursday after a four-day work stoppage, with many voting to keep up pressure on the company over wages and job security. More than 1,400 workers met in the mining hub of Singleton, New South Wales, about 200 km... 

Booming thermal coal price on China demand cheers miners

By: Reuters     17th August 2017 Australian thermal coal prices for spot cargoes above $100/t, lifted by reports of strikes and strong Chinese demand, are providing a boost in earnings and share prices for miners like Glencore and Whitehaven Coal. A crackdown on illegal mining and pollution in China has curbed domestic... 

Yancoal shareholder lodges complaint over raising for $2.69bn Rio coal deal

By: Reuters     9th August 2017 Hedge fund Senrigan Capital Management has asked Australian regulators to intervene in Yancoal Australia's efforts to fund its $2.69-billion purchase of the Coal & Allied division of Rio Tinto, saying it is unfair to minority shareholders. Senrigan is seeking an order from Australia's Takeovers... 

Iron-ore exports to China from Port Hedland drop 12% in July

By: Reuters     8th August 2017 Iron-ore shipments to China from Australia's Port Hedland terminal dropped 12% to 32.03-million tonnes in July from 36.6-million tonnes in June, port data released on Tuesday showed. Overall iron-ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to... 

Cashed-up Australian gold miners set to take deals global

By: Bloomberg     4th August 2017 Australia’s top gold producers are set to take their $5-billion acquisition spree global to secure growth as domestic opportunities fade and bullion’s gains swell their cash piles. Companies including Evolution Mining and Northern Star Resources, Australia’s No. 2 and No. 3 producers, may be... 

Glencore asks Australia to focus on economy before climate deal

By: Bloomberg     2nd August 2017 Australia may need to consider delaying its goals to combat global climate change in order to prioritise energy security and economic prosperity, according to a senior executive at Glencore. The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has... 

BHP denies it has agreed to sell Samarco stake to Vale

By: Reuters     1st August 2017 BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its partner Vale. The Samarco mine has been shut since November 2015, when a dam burst, unleashing a deluge of mud that killed 19 people and destroyed nearby towns. 

More engineers needed to support local projects

By: Robyn Wilkinson     28th July 2017 As part of its drive to promote and support the engineering profession at multiple levels, the Engineering Council of South Africa (ECSA) is establishing an intervention programme that will focus on accrediting engineering academies for training candidates for the purposes of registration within... 

Junior makes board changes as it pursues European cobalt market

By: Creamer Media Reporter      26th July 2017 Australian junior Riedel Resources has made two key board appointments, which the company says will help drive its new direction of securing and developing cobalt and tech-energy metals opportunities in European lithium-ion markets. The ASX-listed firm appointed former Alcoa Europe projects... 

Australian Resources Minister caught up in dual-citizenship fiasco

By: Bloomberg     25th July 2017 Australia’s Resources Minister Matt Canavan has resigned after discovering that he may be in breach of the constitution because he is a dual Italian citizen. “According to the Italian government, I am a citizen of Italy,” Canavan, who was also Minister for northern Australia, told reporters... 

Court rules in favour of indigenous group in Fortescue mining land case

By: Reuters     21st July 2017 Australia's Federal Court has ruled in favour of an indigenous Aboriginal group's claims over land used by Fortescue Metals Group to mine millions of tonnes of iron ore in Western Australia's Pilbara region. The ruling gives the Yindjibarndi people exclusive native title rights over land... 

Community consultation prompted to enter the digital era

     21st July 2017 Global consulting engineering expert Aurecon communication and stakeholder engagement global lead Kylie Cochrane posits that it is time that the project approval and community consultation process step squarely into the digital age, for the benefit of all. 

Activist fund Elliott adds potash to list of BHP grievances

By: Reuters     20th July 2017 Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant. BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a... 

Rio's quest to add more diamonds takes hunt to Canadian forest

By: Bloomberg     18th July 2017 Rio Tinto Group’s pursuit of new diamond output to tap rising demand in Asia is focusing on an unheralded exploration project in the Canadian forest. The world’s second-biggest miner on Tuesday added the Fort a la Corne joint venture, about 60 kilometers (37 miles) east of Prince Albert in... 

Divisive $13bn potash plan to test BHP's new chairman

By: Bloomberg     17th July 2017 BHP Billiton’s plan to enter the potash market with a contentious $13-billion project in Canada is adding to challenges facing the incoming chairman of the world biggest mining company. Ken MacKenzie, a 53-year-old board member who takes up the role in September, currently is on a global tour... 

Top mining nation readying fresh investment wave as prices rally

By: Bloomberg     17th July 2017 Mining companies in Australia, the world’s biggest exporter of iron-ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant Komatsu. “They’re looking at new... 

Elon Musk exposes deep coal divide in energy-hit Australia

By: Bloomberg     14th July 2017 Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s... 

South32 says NSW mine remains suspended

By: Mariaan Webb     10th July 2017 The shares of diversified mining group South32 dropped on Monday after the company reported that its Appin mine, in New South Wales, remained shut. South32, which is listed in Sydney, London and Johannesburg, reported on Monday that a review of the broader Illawarra metallurgical coal operation,... 

Australia's Joyce sees merit in government taking stakes in coal

By: Bloomberg     10th July 2017 Australia’s Deputy Prime Minister Barnaby Joyce indicated he supports the government being an equity partner in any new coal-fired power station, and said that lenders are willing to finance fossil fuel-based electricity generation. “I have got nothing against taking equity in it,” Joyce told Sky... 

Greenstone ups interest in Heron to 19.3%

By: Megan van Wyngaardt     4th July 2017 Private equity fund Greenstone Resources will increase its ownership in Australian base metals miner Heron Resources to 19.3%, through the acquisition of 398-million shares valued at $21-million. The company currently has a 16.23% ownership in Heron Resources. 

BHP chair regrets $20bn shale spree

By: Bloomberg     29th June 2017 BHP Billiton chairperson Jacques Nasser said the timing of its $20-billion spree into US shale in 2011 was a misstep and that if the miner could turn the clock back it wouldn’t have invested in the assets. The comments from Nasser, who will pass over the chairperson’s baton to its youngest... 

As nasty quarter ends, iron's reprieve sees futures back in $60s

By: Bloomberg     28th June 2017 After what’s been a tough quarter, iron ore’s getting a small reprieve. Futures clawed their way back above $60 a metric ton and spot prices have rebounded from a one-year low as steel output holds up in China, buoying demand for the material even as its supply rises. The SGX AsiaClear contract... 

Glencore's long hunt for Rio Tinto's coal mines slips away

By: Bloomberg     27th June 2017 Glencore’s years-long pursuit for a bigger Australian coal business was delivered another setback on Monday after Rio Tinto Group passed on the company’s offer for a second time. Now the mining giant run by a former coal trader is running out of time to come back with a better offer or lose out... 

Iron seen in low-$40s by Citi as supply grows, demand peaks

By: Bloomberg     20th June 2017 Iron-ore may extend a slump into the low-$40s as supplies swell and demand reaches a short-term peak amid steel mill restarts and ramp-ups in China, according to Citigroup, which cut its forecasts by as much as 20% over the next year. The nadir in prices may occur in six to eight months, analysts... 

Santos committed to Narrabri 

By: Esmarie Swanepoel     15th June 2017 Oil and gas major Santos has reaffirmed its commitment to develop the Narrabri gas project, in New South Wales, with MD and CEO Kevin Gallagher saying the project could deliver a substantial share of the state’s gas needs. Speaking at the American Chamber of Commerce, in Sydney, Gallagher said... 

Cobalt upstarts eye Glencore's turf for electric car spoils

By: Bloomberg     9th June 2017 The race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles -- and that means fresh competition for the big players Glencore Plc and the Democratic Republic of Congo. A pipeline of projects is looming in places including Australia, the US and... 

Gold in pounds climbs to seven-week high on hung Parliament fear

By: Bloomberg     9th June 2017 Gold priced in sterling surged to the highest level in more than seven weeks after projections showed Prime Minister Theresa May will fail to win an overall majority in the UK general election, signaling further political turmoil less than a year after Britain voted to leave the European Union.... 

Gold makes run toward $1 300 as risk flares from UK to Mideast

By: Bloomberg     7th June 2017 Gold’s taking aim at $1 300 an ounce. The metal has rallied to the highest since November as investors position themselves for the outcome of the UK election and potential drama of former FBI Director James Comey’s testimony, while also tracking tensions in the Middle East. Bullion for immediate... 

Robot ghost ships to extend miner's technology drive to seas

By: Bloomberg     7th June 2017 BHP Billiton, the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron-ore to coal as part of a strategic shift that may disrupt the $334-billion global shipping industry. “Safe and efficient autonomous vessels carrying BHP... 

Boart Longyear Earns Safety Awards in Canada

     7th June 2017 Boart Longyear was recognized by the Canadian Diamond Drill Association (CDDA) with year-end safety achievement awards for working more than 100,000 hours in 2016 with a best in class incident frequency rate. The awards, one for surface drilling and one for underground drilling sites, were... 

Tribeca planning to target overhaul of BHP board directors

By: Bloomberg     6th June 2017 BHP Billiton’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company. The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s... 

Alstom receives order in Canada

     2nd June 2017 Railway systems and equipment company Alstom has been awarded a firm order for the supply of 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area by Ontario government agency Metrolinx.  

Top miner sees 'huge demand' lift from China's new Silk Road

By: Bloomberg     1st June 2017 China’s multi-billion dollar Belt and Road Initiative can deliver a major boost for commodities and will add about 150-million tons to global steel demand, according to BHP Billiton, the world’s largest miner. The plan to develop infrastructure and rebuild ancient trading routes from China to... 

BHP CEO tells investors options for US shale under review

By: Bloomberg     29th May 2017 BHP Billiton is assuring shareholders that it’s exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations. In a series of meetings in Australia last week, CEO Andrew Mackenzie stressed... 

Adani's $16.5bn Aussie mine rattled by tax deal delay

By: Bloomberg     25th May 2017 India’s Adani Group could walk away from its $16.5-billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan. The Queensland government’s failure to agree the terms of the royalty regime... 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     5th May 2017 The start of the Ichthys liquefied natural gas project has been delayed. 

China's economy shaping up for positive 2018, Rio Tinto says

By: Bloomberg     4th May 2017 Latest indicators on China’s economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world’s No. 2 economy as its biggest customer. “Are we concerned about the Chinese economic health? The answer is no,” CEO Jean-Sebastien Jacques told... 

Volatile global politics arouses bulls with gold at 5-month high

By: Bloomberg     12th April 2017 Worries about the unpredictability of a Donald Trump presidency are revitalising gold. Bullion is trading at the highest level since the week in November when Trump won the US election as rising global tensions surrounding Syria and North Korea strain investors’ nerves. A standoff between the US... 

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