BHP Billiton (ASX:BHP) says that despite its petroleum and iron ore divisions having both achieved their annual production records, the mining giant is continuing to err on the side of caution about the short term outlook for the global economy.
Aquarius Platinum (ASX: AQP) shares which had tumbled yesterday after the government in North West Province, South Africa proposed rules limiting 'carve out' of underground mine caverns, recovered today.
Santos (ASX:STO) has secured loans worth $2 billion from nine banks for its liquefied natural gas (LNG) plants in central Queensland and Papua New Guinea. The construction of the Gladstone project in Australia and the new one in Papua New Guinea are expected to benefit from the loan.
Chevron has signed a deal to supply liquefied natural gas (LNG) to a Korean Gas company from its Wheatstone project off the Pilbara in Australia's North West.
Fortescue Metals Group Ltd. (ASX:FMG) has reported a hike in iron ore shipments in the June quarter this year as compared to the year before. FMG has shipped 11.04 million tonnes of ore in the June Quarter in 2010 which is a 36 per cent increase from the corresponding figures of last year.
The upcoming Australian Federal elections may decide the fate of the controversial mining law in Australia. While mining industry heads do not wish to publically politicize the situation, they are privately hoping for a change of government.
Xstrata Copper has concerns over finding skilled workers in Queensland given the high volume of mining activity taking place in the state and in Western Australia.
BP officials must be heaving a sigh of relief for the first time since April as the new cap on the oil leak seems to be holding, and the gush of oil into the Gulf of Mexico now appears to be controlled.
Linc Energy (ASX:LNC) shares have jumped more than 36% after it said it was in talks with Adani Enterprises to sell its coal mines. Linc Energy CEO Peter Bond said that the coal mines at the Galilee tenement, which Adani is looking to buy, were valued at $1.3 billion.
The day did not go as well as imagined for the largest producer of surface mined coal in Ohio. In fact Oxford Resource Partners LP (OXF:US) found its shares slipping on the first day of trading in its $162 Million IPO.