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Tony Hayward Out Robert Dudley In as CEO of BP

Tony Hayward the Chief Executive of BP is set to be replaced by Robert Dudley. The disaster of the oil spill in the Gulf of Mexico seems to be claiming more than just sea and plant life.

26 Jul 2010

Kingaroy Bore Water Given All Clear

Bore water tested at the site of the Cougar Energy plant near Kingaroy, Queensland has been found to be under permissible limits for levels of benzene and toluene.

26 Jul 2010

New Anti-Mining Tax Campaigns Set to Re-Commence

The short respite won by Prime Minister Julia Gillard's intervention and negotiations with heads of the mining majors seems to be over with a new anti-tax campaign about to commence.

From Fortescue Metals Group Ltd 26 Jul 2010

Kumba Iron Ore and ArcelorMittal Reach Agreement

In a temporary truce between Kumba Iron Ore and ArcelorMittal, the world's largest steelmaker has agreed to buy ore from Kumba in the next year at about half of recent market prices. Kumba is a unit of Anglo American Plc.

From Anglo American South Africa 25 Jul 2010

Andrew Forrest Says Government Will Need to Redesign Mining Tax

If Fortescue Metals Group Ltd CEO Andrew Forrest has his way Prime Minister Julia Gillard can forget about having the new mining law passed in its current form after the elections.

From Fortescue Metals Group Ltd 25 Jul 2010

Freeport McMoRan Copper & Gold Reports Jump in Earnings

Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) has reported a 10% rise in its second quarter earnings.

22 Jul 2010

Shears Minerals to Buy Nunavut Diamond Mine

Shears Minerals (TSXV:SRM) is buying a diamond mine in Nunavut. The Alberta-based exploration company is hoping to pick up the Jericho mine which happens to be Nunavut’s only diamond mine.

22 Jul 2010

Newcrest Announces Jump in Production

Newcrest Mining Ltd. (ASX:NCM) has recorded a 32% increase in its Q4 2009/2010 production. A year ago it produced 397,826 ounces of gold in the same quarter, and this year it produced 526,131 ounces of gold.

From Newcrest Mining Limited 22 Jul 2010

Argonaut Gold Boosts Production at El Castillo

Canadian Gold mining company Argonaut Gold (TSX:AR) has recorded an increase of 57% in gold production in the second quarter. Argonaut produced 10,062 oz of gold during this time frame.

21 Jul 2010

Problems in the Congo for First Quantum Minerals

First Quantum Minerals (TSX:FM), a Vancouver, British Columbia based mining and metals company, is facing a drop in production over the political uncertainty of its future of mining in Congo.

From First Quantum Minerals Ltd. 21 Jul 2010