Mining Link News Stories
Copper hits week high on risk appetiteWednesday 26th of April 2017 09:43:17 AM

Copper hit a week high on Tuesday as risk appetite continued to strengthen following centrist Emmanuel Macron's victory in the first round of the French presidential election on Sunday, though gains were capped by worries over demand in China. Read Full Story Here

Gold price drops as Emmanuel Macron shapes up to win French presidential electionWednesday 26th of April 2017 09:39:14 AM

The price of gold has dropped to a seven-week low after the first round of the French presidential election. It fell to $US1,264 ($AU1,673) per ounce before rebounding to $US1,275. Read Full Story Here

Still reeling from faded boom, WA's economy worst in Australia, report showsWednesday 26th of April 2017 09:31:41 AM

Western Australia has come last again in a quarterly report comparing Australia's state economies, lagging behind on all growth indicators as the end of the mining boom continues to hurt. Read Full Story Here

SA power: Mining royalties tumble after statewide blackoutWednesday 26th of April 2017 09:21:37 AM

The statewide blackout that hit South Australia last September is likely to have an impact on this year's state budget, Treasury has said. Read Full Story Here

Regional cities show resilience after mining boom goes bust, Productivity Commission report saysMonday 24th of April 2017 02:01:42 PM

Benefits from the mining boom are still being felt in regional areas despite the prolonged downturn, according to a report from the Productivity Commission. Read Full Story Here

Byron Shire Council rejects Westpac on Adani mineMonday 24th of April 2017 01:56:34 PM

Byron Shire Council has upped the pressure on Westpac over any potential funding of the Adani mine by voting to withdraw the $1 million it has with the bank. Read Full Story Here

US oil giant Chevron faces $300 million tax bill after ATO court victoryMonday 24th of April 2017 01:50:47 PM

US oil and gas giant Chevron faces one of the largest tax bills in Australian history after failing to overturn a Federal Court judgement being pursued by the Australian Tax Office. Read Full Story Here

Adani faces NAIF threatMonday 24th of April 2017 01:38:49 PM

A fossil fuels policy being pushed by an internal lobby group in the Labor Party has raised questions about what it might mean for major projects in North Queensland, such as a rail line to Adani’s Carmichael coal mine or even a baseload power station. Read Full Story Here

Argentina looks to strengthen trade relationship with Australia Argentina looks to strengthen trade relationship with AustraliaMonday 24th of April 2017 01:33:14 PM

Relationships between Argentina and Australia appear to be strengthening under the new Argentine government. This year alone, representatives from Argentina have made more official visits to this country than in the past 10 years combined, according to Argentine Chamber of Commerce in Australia ....

Proposal a 'clear and present threat' to NSW economyMonday 24th of April 2017 10:17:06 AM

The fairness of a proposed Commonwealth loan of nearly $1 billion to fund a rail link to the giant Adani coal mine in Queensland's Galilee Basin has been called into question by economic modelling showing it could cost NSW hundreds of millions of dollars a year. Read Full Story Here

Unearthing the precious opals and colourful characters of Coober PedyMonday 24th of April 2017 09:57:18 AM

Since the turn of the 20th century, the opal fields of Coober Pedy have inspired hundreds of travellers looking to change their luck. The name 'opal' is thought to have originated from the Ancient Greek word opállios, which means 'to see change'. Read Full Story Here

BMA investment to create hundreds of jobsMonday 24th of April 2017 09:36:07 AM

Friday’s announcement by BHP Mitsubishi Alliance (BMA) to invest over two hundred million dollars into the Bowen Basin will create hundreds of jobs and shows the ongoing strength of the state’s coal industry. Read Full Story Here

3800 jobs for regional Queensland as growth returnsFriday 21st of April 2017 09:42:19 AM

Regional Queensland is generating jobs and is even leaving Brisbane in its wake after years of stagnation following the mining downturn. According to analysis by Conus Consultancy of Australian Bureau of Statistics figures for March, trend employment for areas outside the southeast was up 3800 ....

ACCC to investigate gas market's lack of transparency on prices and supplyFriday 21st of April 2017 09:38:51 AM

The Australian Competition and Consumer Commission will demand major gas companies hand over confidential market information as political pressure mounts about soaring energy prices. Read Full Story Here

Oil prices mixed in choppy tradeFriday 21st of April 2017 09:34:58 AM

Oil prices have ended mixed after a seesaw trading session, as investors weighed rising US production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely. Read Full Story Here

Copper-zinc drilling kicks off at Mount Hardy under base metal newcomer Todd River ResourcesFriday 21st of April 2017 09:25:54 AM

The newly listed Todd River Resources has kicked off its copper-zinc drilling project at Mount Hardy, about 300 kilometres north-west of Alice Springs. Read Full Story Here

New mine pit explorating leads to 250 CQ jobsFriday 21st of April 2017 09:15:40 AM

In a period of uncertainty for many Central Queensland miners, Sojitz's Minerva mine has now secured 250 jobs at the site for a further four years. Read Full Story Here

Investors snap up miners as iron ore keeps fallingThursday 20th of April 2017 09:30:15 AM

Investors aren't giving up on mining stocks, even as the price of iron ore continues to tumble. The price of Australia's biggest export sank another 4.6 per cent to $US63.20 a tonne on Wednesday, as speculators in China bet the raw materials market is about to be swamped with high-quality ....

Construction to begin on Australia's first heavy rare earths mine near Halls CreekThursday 20th of April 2017 09:23:18 AM

Northern Minerals has announced it will immediately start construction on a pilot processing plant for its rare earths project, south-east of Halls Creek near the Western Australia-Northern Territory border. Read Full Story Here

LNG leader steps downThursday 20th of April 2017 09:13:24 AM

The Queensland Resources Council (QRC) congratulates David Baldwin for his distinguished leadership as Integrated Gas Chief Executive Officer for Origin. David, who is a Board member of the QRC, will step down from his Origin position at the end of April after 11 years with the energy company. ....

West-to-east gas pipeline being considered by Federal Government, Mathias Cormann confirmsThursday 20th of April 2017 09:07:36 AM

As the Prime Minister hosted gas industry executives in Canberra on Wednesday, Finance Minister Mathias Cormann confirmed the Government was looking at ways to send natural gas from Western Australia to the eastern seaboard. Read Full Story Here

How Mackay man became mining giant's $44 million secretThursday 20th of April 2017 08:55:34 AM

Leonard Gould is on track to make his boss $44million. The Mackay-raised Hail Creek Mine control system engineer came up with a computer code that makes sure the coal handling and preparation plant at the mine site runs at maximum efficiency all the time. Read Full Story Here

CQ mine booms as wealthy buyers can't resist rare productWednesday 19th of April 2017 09:55:25 AM

Central Queensland's uniquely coloured sandstone is a hot commodity, with Rockhampton's Capricorn Sandstone Quarries fielding orders from around the globe. Read Full Story Here

Federal Government considering 'gas swaps' deal to free up supply as states feel the crunchWednesday 19th of April 2017 09:47:11 AM

The Federal Government is considering a "gas swaps" proposal to free up supply for domestic use, as a major shortage threatens electricity supply and tens of thousands of jobs. Read Full Story Here

Miners not worried about 457 visa changesWednesday 19th of April 2017 09:42:10 AM

Australia's mining industry does not oppose the Turnbull government's decision to scrap the 457 visa program but wants to be able to easily bring in temporary foreign workers when needed, given its reliance on them during the resources boom. Read Full Story Here

Chinese GDP accelerates, driven by debt and constructionWednesday 19th of April 2017 09:32:33 AM

GDP kicked up another notch to an annualised rate of 6.9 per cent for the first quarter, beating market expectations and well above the Government's target of around 6.5 per cent, or "higher if possible". Read Full Story Here

Iron ore sheds another 4.6pcWednesday 19th of April 2017 09:25:52 AM

At its Tuesday fix, ore with 62 per cent iron content slid $US3.05, or 4.6 per cent, to $US63.20 a tonne, according to Metal Bulletin. The price has tumbled more than 20 per cent so far this month. It fell 3.5 per cent on Monday. Read Full Story Here

Minerals council dismisses union claim West Australian uranium projects should not proceedWednesday 19th of April 2017 09:19:59 AM

Australia's peak mining industry association has dismissed claims that all West Australian uranium projects should be halted under the newly elected State Government. Read Full Story Here

Statement by QRC Chief Executive Ian Macfarlane on 457 visasWednesday 19th of April 2017 09:10:00 AM

The natural resources sector is no longer a significant employer of 457 visa holders, with further recent decreases since the mining construction boom days. Read Full Story Here

Putting Australian Workers FirstWednesday 19th of April 2017 09:03:51 AM

The Turnbull Government will safeguard Australian jobs by abolishing the Subclass 457 Visa for foreign workers and creating a new temporary visa restricted to critical skills shortages. Read Full Story Here

Yancoal gets foreign investment approval for Hunter Valley miners, China's largest Australian asset buyTuesday 18th of April 2017 09:56:49 AM

Yancoal Australia's shareholders can expect the sale of Rio Tinto's Hunter Valley arm, Coal and Allied, to be finalised this year after clearing the federal foreign investment review hurdle. Read Full Story Here

CSG could increase methane emissions near 'bubbling' Condamine River, report findsTuesday 18th of April 2017 09:43:39 AM

A scientific report looking at bubbling methane emissions in a Queensland river has found that the release of such gases could rise significantly with continued coal seam gas (CSG) operations. Read Full Story Here

Rocky's golden ticket to 1500-job Adani FIFO hub revealedTuesday 18th of April 2017 09:35:52 AM

Rockhampton Regional Council has scored better than Adani FIFO hub competitor Townsville, according to Queensland Audit Office's 2015-16 Local Government financial report. Read Full Story Here

Next mining boom in Australia will be driven by tech metals for renewable energy and technologiesTuesday 18th of April 2017 09:03:57 AM

The Australian mining industry is on the verge of a new mining boom based around so-called tech metals. As the race cranks up across the nation to find new deposits of rare earths and other metals, industry itself is calling for the development of a value-adding component. Read Full Story ....

Lawyer debunks claims PM amending Native Title to help Adani build coal mineThursday 13th of April 2017 10:06:13 AM

A native title law specialist says claims that proposed amendments to the Native Title Act are designed to clear the path for a planned controversial coal mine are incorrect. Read Full Story Here

Top End uranium miner pushes nuclear power into Australia's future energy mix as supply debate continuesThursday 13th of April 2017 09:51:34 AM

A Northern Territory uranium miner has called for rational thinking regarding the country's future energy supply, suggesting nuclear power be seriously considered. Read Full Story Here

Iron ore free falls to $US68.04 a tonne as buyers disappearThursday 13th of April 2017 09:35:53 AM

Iron ore tumbled 8.5 per cent overnight as downward momentum accelerated, The spot price dropped $US6.34 to $US68.04 a tonne, according to Metal Bulletin. It has now shed 28 per cent from its February 21 high of $US94.86. Read Full Story Here

Loaning $900m for Adani's central Queensland coal railway too risky, environmental lawyers sayThursday 13th of April 2017 09:29:59 AM

Environmental lawyers have warned directors of the Northern Australia Infrastructure Facility (NAIF) to not fund Adani's proposed coal railway in central Queensland because it is in breach of their duties. Read Full Story Here

Trapped by a mining town mortgage after the boomWednesday 12th of April 2017 09:39:20 AM

In the current property market across Australia's mining towns it is difficult to comprehend a recent past where one had to buy a house because there were no rentals available. Read Full Story Here

'Deteriorating': National extent of BSL cuts revealedWednesday 12th of April 2017 09:35:32 AM

The full extent of Boyne Smelter Limited's recent production cut on the national aluminium industry has been revealed in a government report. Read Full Story Here

BHP Billiton dismisses Elliott restructure proposal as too costly and riskyWednesday 12th of April 2017 09:32:08 AM

BHP Billiton has dismissed a proposal from an activist Wall Street investor for a major restructure of its operations as too costly and risky to implement. Read Full Story Here

Adani could go ahead without loan: LaborWednesday 12th of April 2017 09:27:30 AM

Federal Labor insists the Adani Carmichael coal mine project can go ahead without taxpayers chipping in a loan to a build a railway line. Read Full Story Here

NASA, water tests debunk claims by activistsWednesday 12th of April 2017 09:23:02 AM

Satellite imagery depicting pictures of what was purported to be a coal spill from the Abbot Point port into wetlands have been shown as a clear misrepresentation of the satellite imagery supplied by NASA. Read Full Story Here

Value of Western Australian resources sector picks up for first time in three yearsTuesday 11th of April 2017 10:39:07 AM

The value of the Western Australian resources sector has increased for the first time in three years, fuelled by strong global iron ore and gold prices. Read Full Story Here

Mining giants' donations welcomed as Adani port investigated over cycloneTuesday 11th of April 2017 10:35:46 AM

Queensland Premier Annastacia Palaszczuk has welcomed donations from Rio Tinto and Adani in the wake of ex-Tropical Cyclone Debbie, as the state government investigates possible environmental damage caused by Adani's Abbot Point coal terminal. Read Full Story Here

BHP Billiton shares jump on activist shareholder Elliott Management's calls for reformTuesday 11th of April 2017 10:26:08 AM

BHP Billiton stocks had their best day in months after an activist shareholder called on the company to split off its petroleum arm and restructure the business. Read Full Story Here

Wild ructions in commodity markets fail to worry investorsTuesday 11th of April 2017 10:19:47 AM

Wild price swings in the iron ore and coal markets have ultimately failed to dampen investor appetite for the market's biggest mining stocks, despite Australia's largest export officially sliding into bear market territory. Read Full Story Here

Rio Tinto releases tax and royalties paid report, prepared to take tax fight to courtTuesday 11th of April 2017 09:47:18 AM

Mining giant Rio Tinto says it is likely a stoush with the Australian Tax Office (ATO) over $447 million in allegedly unpaid taxes will be challenged in court. The company has released its seventh annual report on the amount of taxes and royalties it pays in Australia and other countries in ....

300 industry heavyweights pour into Gladstone for huge conferenceTuesday 11th of April 2017 09:32:09 AM

Gladstone will host 300 industry producers and suppliers from around the world, proving regional cities can be major leaders. Rio Tinto will host a global alumina industry conference in Gladstone in September next year. Read Full Story Here

Turnbull meets Adani mine bosses in IndiaTuesday 11th of April 2017 09:15:14 AM

Malcolm Turnbull has met with executives from the Indian company wanting to build Australia's biggest coal mine with the help of federal funding during his stay in New Delhi. Read Full Story Here

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Copper Hits Week High On Risk Appetite
Copper hit a week high on Tuesday as risk appetite continued to strengthen following centrist Emmanuel Macron's victory in the first round of the French presidential election on Sunday, though gains ....

Gold Price Drops As Emmanuel Macron Shapes Up To Win French Presidential Election
The price of gold has dropped to a seven-week low after the first round of the French presidential election. It fell to $US1,264 ($AU1,673) per ounce before rebounding to $US1,275. Read ....

Still Reeling From Faded Boom, WA's Economy Worst In Australia, Report Shows
Western Australia has come last again in a quarterly report comparing Australia's state economies, lagging behind on all growth indicators as the end of the mining boom continues to hurt. Read ....

SA Power: Mining Royalties Tumble After Statewide Blackout
The statewide blackout that hit South Australia last September is likely to have an impact on this year's state budget, Treasury has said. Read Full Story Here

Regional Cities Show Resilience After Mining Boom Goes Bust, Productivity Commission Report Says
Benefits from the mining boom are still being felt in regional areas despite the prolonged downturn, according to a report from the Productivity Commission. Read Full Story Here

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