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Gains Across the Board for Ozzie Mining Stocks

The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...

From Fortescue Metals Group Ltd 24 Jun 2010

Government Likened to African Dictatorship Over Pilbara Iron Ore Payment

Western Australia Premier Colin Barnett has come under criticism from the opposition for accepting the one off payment of $350 million from iron ore companies BHP Billiton and Rio Tinto. The state government had announce...

From BHP Billiton Plc 23 Jun 2010

RSPT Will Damage Queensland's Future

The Resources Super Profits Tax (RSPT) proposed by the federal government in Australia on the mining industry is likely to cost the Australian economy more than it benefits it. This has been the main argument of all the ...

23 Jun 2010

Boom Time Ahead for Miners

According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to about $170 billion in...

From Fortescue Metals Group Ltd 23 Jun 2010

China Inks Seven New Australian Mining Deals

Australian Prime Minster Kevin Rudd is seeing the new agreements signed with China in Canberra yesterday as a way at getting back at those criticizing the RSPT. Of the 10 agreements signed 7 related to the resources and energy sector.

From Fortescue Metals Group Ltd 21 Jun 2010

Significant Magnetite Iron Discovery for Minotaur Exploration

Minotaur Exploration based in Adelaide has found a promising iron ore prospect west of Broken Hill in South Australia. Today Minotaur Resources reported a 40km long magnetite iron ore deposit which is about 124m thick.

21 Jun 2010

Fortescue Signs Deal with Chinese to Boost Iron Ore Production in WA

Australia’s third largest iron ore producer Fortescue Metals Group, is about to sign an engineering agreement with a Chinese company to help boost its iron ore production at its Chinchester Hub.

From Fortescue Metals Group Ltd 21 Jun 2010

Afghanistan Sitting on US$1 Trillion of Natural Resources

The image of Afghanistan as a poor under developed country may soon need a change as Pentagon geologists have placed the value of mineral deposits in the country at an estimated US$1 trillion.

15 Jun 2010

BHP Signs Liberian Iron Ore Deal

A new deal has been signed by mining giant BHP Billiton for $3 billion with Liberia for iron ore. The BHP Billiton’s Chief Executive Officer for Ferrous and Coal, Marcus Randolph said that the company was enthusiastic about the new investment and was looking forward to moving ahead with it.

From BHP Billiton Plc 14 Jun 2010

Rio Tinto's Sam Walsh Awarded Order of Australia

Rio Tinto's iron ore chief, Sam Walsh, was awarded an Order of Australia in the Queen's birthday honours list. The award list is run through the governor general's office and the honour is meant to be non-political.

14 Jun 2010