Business

Telfer Gold Mine in the Pilbara.

Gold miners fuming over WA gold royalty hit

Australia's biggest gold miner Newcrest Mining has blasted the Western Australian government over its higher tax regime unveiled this week, saying the government had broken two commitments and that higher gold royalties would hurt the state and cost jobs.

The WA government unveiled a hike in payroll tax and a jump in the gold royalty rate.

Miners to be hit by Western Australian tax slug

Mining companies with operations in Western Australia, such as Rio Tinto, BHP, Fortescue and a string of gold miners, will be hit with a bigger tax slug under changes announced in the WA state budget.

BHP's Jacqui McGill at the Bureau Veritas pilot plant in Adelaide.

Mineral exploration spending jumps in June quarter

Australia needs more greenfields mineral exploration "to find the mines of tomorrow," the acting chief executive of the Association of Mining and Exploration Companies said on Monday, in the wake of new national figures show a slight lift in spending on mining exploration.

Prime Minister Malcolm Turnbull at the WA Liberal State Conference in Perth on Saturday.

Turnbull commits $100m to secure mining investment

The Turnbull government will commit $100 million to secure private investment in greenfield mineral exploration across the country to drive a new wave of discoveries and restart the flagging mining sector in its west.

A view of the Grasberg copper and gold mine near Timika, Papua province.

Freeport wants Rio's approval on Grasberg deal

Jakarta: US mining giant Freeport McMoRan has signalled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto.

Protests aren't like to let up after the NSW government paid off Shenhua for only part of its exploration licence.

Ex-state agronomists demand axing of Shenhua coal mine

Claims that Shenhua's restricted coal mining will avoid affecting the aquifers of the rich farmlands of the Liverpool Plains are "false and ignorant", former state and private agronomists have said in a letter to Premier Gladys Berejiklian.

Short tenure: Grant King will retire from the BHP board on August 31.

King on way out as BHP reshuffles its board

Corporate high-flyer Grant King will leave the board of mining giant BHP at the end of the month, deciding not to stand for election at its annual general meetings this year after his appointment six months ago sparked a backlash from some investors.

BHP chief executive officer Andrew Mackenzie.

'They went too hard' - BHP's retreat wins plaudits

BHP chief executive Andrew Mackenzie has pledged that the revitalised miner's plans would deliver "shareholder returns for decades to come", acknowledging that poor investment decisions had come at a cost.

Downstream of the Berrima Coal mine.

Berrima pollution a warning for other mines: scientist

The paucity of independent monitoring of waste water from coal mines in NSW is leaving communities exposed to decades of pollution, long after mining operations have ceased, Ian Wright, a leading water ecologist, said.

Billionaire Andrew Forrest could be counting on a yearly pay cheque of more than half a billion US dollars from 2018 if ...

It's payday for Fortescue shareholders

Fortescue's generosity to shareholders marks the final stage in its evolution from a highly speculative upstart to a mature company with reliable positive cash flow.

BHP's Mount Whaleback mine in Western Australia.

Focus shifts to miners as BHP, Fortescue report

A vast improvement in BHP's results for fiscal 2017 compared to the previous year is expected to be among the highlights of a frenetic few days of reporting season this week, as the focus shifts gear to mining.