Category Archives: Australian Mining Stocks

2 Growth companies in the resources sector – Iluka Resources Ltd and Altura Mining Ltd.

Quarterly production update: Total zircon/rutile/synthetic rutile (Z/R/SR) production in the second quarter was 221 thousand tons inclusive of Sierra Rutile, with 177 thousand tonnes from Iluka’s Australian and US operations. The Tutunup South mine in south-west Western Australia continued to be Iluka’s only Australian mine in operation. During the quarter, 160 thousand tons of heavy mineral concentrate (HMC) was produced

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Newcrest Mining remains confident about Cadia

Gold production in the June 2017 quarter stood at 7.8% lower than the prior quarter driven by a decrease in production from Cadia, following the seismic event on 14 April 2017, while production from Lihir increased significantly, achieving record quarterly gold production of 276koz due to a record mill throughput rate result of 14.5mtpa. Production at Telfer was also higher

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BHP has approved a total of US$250 million (BHP Billiton Brasil) in financial support for the Renova Foundation and Samarco Mineração S.A.

BHP has approved a total of US$250 million (BHP Billiton Brasil) in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 31 December 2017. The amount of US$174 million will be used to fund the Renova Foundation for remediation and compensation programs identified under the Framework Agreement (described in the Note below) (Programs). This amount will be

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Three Iron Ore Stocks – BHP Billiton Ltd, Rio Tinto Ltd and Fortescue Metals Group Ltd.

BHP has approved a total of US$250 million (BHP Billiton Brasil) in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 31 December 2017. The amount of US$174 million will be used to fund the Renova Foundation for remediation and compensation programs identified under the Framework Agreement (described in the Note below) (Programs). This amount will be

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Why Galaxy Resources share price is falling?

Galaxy Resources Limited (ASX: GXY) has announced its activities for the quarter ended 30 June 2017. During the quarter, total of 32,998 dmt of lithium concentrate was produced at Mt Cattlin, a 41% increase over Q1 2017. For June, plant recoveries achieved 61% and output exceeded target production rate with 14,038 dry metric tons (dmt) of concentrate produced. The average

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Should you hold South32 ltd?

South32 Limited (ASX: S32) updated that underground operations at the Appin colliery, which forms part of its broader Illawarra Metallurgical Coal operation, remain suspended. A review of the operation’s systems and operating practices is currently being undertaken to ensure its ongoing safety and reliability. Given the scope of this review, an extended outage is now anticipated before production at Illawarra

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