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Australian Miners Will Lose Competitive Edge: Gina Rinehart

Gina Rinehart said that the international competitiveness of Australia would be impaired by the proposed mining and carbon taxes. The iron ore heiress was speaking on the sidelines of the Boao Forum for Asia business conference in Perth.

12 Jul 2011

Sylvania Platinum to Offload South African Iron Ore Assets

Sylvania Platinum announced on Friday that it was going to dispose of its iron ore assets in South Africa. The assets in the Bushveld Complex would be sold to focus on expansion and meeting production targets. The board issued a statement saying that it did not believe that any value was being ascribed to the company by the iron assets.

11 Jul 2011

Cap-Ex Ventures Announces Drilling Program at Redmond and Block 103 Properties

Cap-Ex Ventures has awarded a contract to Sunrise Drilling to drill up to 15,000 m at Cap-Ex’s Redmond and Block 103 properties. Sunrise Drilling has moved the workers and drill rigs to a location at Schefferville and will immediately start the drilling program.

11 Jul 2011

Braemar Iron Alliance to Make $7 Billion Investment in Rail Infrastructure

Braemar Iron Alliance is likely to invest more than $7 billion at a new iron ore project near Broken Hill. As per the company the area between Peterborough in South Australia to Broken Hill is likely to become Australia's next major iron ore province.

10 Jul 2011

Mindoro Resources Reports Positive Drilling Results from Agata South

Mindoro Resources has announced encouraging results from the drilling program at the Agata South nickel laterite mineralization, having intersected strong iron and nickel grades at surface and broader than the anticipated profiles of saprolite and limonite.

8 Jul 2011

Fortescue Metals Looks to Cut Costs With Driverless Dump Trucks

The Fortescue Metals Group has decided to use robotic dump trucks in the Solomon project being planned for the Pilbara region of Australia's North West. Andrew Forrest’s company will have an automation rollout in Western Australia that is larger than the one operated by rival company Rio Tinto.

From Fortescue Metals Group Ltd 7 Jul 2011

China Alarmed Over Australia's Mining Reforms

The Chinese are worried about the mining reforms that Australia is planning. With the proposed mining tax coming up the Chinese diplomat Ouyang Cheng warned it would be difficult for Australia and China to maintain a healthy and steady economic co-operation unless reforms to foster Chinese investment were made.

7 Jul 2011

Proposed Mining Tax Not Good for Australia: New Report

In another setback to the mining tax proposed by the federal government a senate inquiry found that it would affect Australia’s competitiveness and should be cancelled. The Western Australia Liberal senator and committee’s chairman Mathias Cormann summarized the findings on the minerals resource rent tax (MRRT) in Perth.

30 Jun 2011