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Category: Australia

Newmont Mining’s $10 billion acquisition of Canada’s Goldcorp closed Thursday, giving birth to Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world’s largest gold producer by market value, output and reserves. The mammoth company, to be led by Gary Goldberg until the end of the year, will mine in the Americas, Australia and Ghana, producing between 6 …

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AUSTRALIA’S crippled mining industry is about to boom again, but mental health experts say the industry still hasn’t fixed the “toughen up” culture that has led to dozens of deaths. BHP kickstarted this week its $5 billion South Flank project, a West Australian mine the company promises will run for at least 20 years and …

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Climate change is already shaping up to be a major election issue and a $495,000 donation to GetUp spells trouble for the beleaguered Adani coal mine. Environmental group The Sunrise Project is providing the money to support its efforts to make climate change the number one issue at the next federal election. Former Greenpeace activist …

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A MASSIVE gold nugget worth at least $110,000 has been uncovered by a prospector in remote Western Australia. The retired man, who doesn’t wish to be named to protect his identity, says he’s been combing the same patch in the northern Goldfields with a metal detector for years, but struck it lucky with better technology. …

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Environmental groups have reacted with anger at Adani’s announcement that it will self-fund the construction of its controversial Carmichael mine and that work will begin soon. The mining giant said a scaled-down mine and rail project would be 100 per cent financed through the Adani’s Group’s resources. Adani Mining chief executive officer Lucas Dow made …

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It was once touted as Australia’s biggest coal mine and a mega project that would create 10,000 jobs but the oft-promised construction of Adani’s Carmichael mine still seems unlikely despite recent announcements. Last month there seemed to be a breakthrough. After struggling to secure finance to build the mine, Adani announced it would self-fund a …

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Adrian Burragubba has been a thorn in Adani’s side for years and now the mining giant has had enough. Last month Adani filed an order seeking to bankrupt the Wangan and Jagalingou man by demanding payment of more than $600,000 in legal costs. The extreme action follows numerous failed court actions that Mr Burragubba has …

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Mining company BHP has been accused of ripping off taxpayers by as much as $300 million in royalties. According to 6PR, Western Australia Premier Mark McGowan is going after the world’s largest mining company for iron ore royalties that it believes were deliberately underpaid. The Western Australian Government reportedly believes BHP has been understating its …

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The federal environment minister has given the green light to the controversial Adani Carmichael mine’s groundwater plan, taking it a step closer to construction. But left leaning lobby group GetUp’s climate campaigner Sam Regester is already warning the decision will cost the Government seats. “Make no mistake, they will feel the backlash,” he said. “This …

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A recent poll has revealed widespread support for a review of Adani’s environmental approvals if new risks are identified. The research commissioned by the Australian Youth Climate Coalition found 67 per cent supported a review of the coal mine’s approvals, including those designed to safeguard water, if new risks emerged. AYCC national director Gemma Borgo-Caratti …

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