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BP Looks to Middle East for Funds

Tony Hayward of CEO of BP is now trying to marshal new funds from the middle east. He is looking to the Gulf as a way to help pay for the cleanup operation of what is being called the worst oil spill in the history of th...

7 Jul 2010

End of a Sad Chapter for Sundance Resources

Sundance Resources Ltd saw the final chapter in its recent tragedy written today as the bodies of the six Australian nationals were placed on a flight from the Congo to Australia.

From Sundance Resources Limited 7 Jul 2010

Taseko Mines Steps Closer to Williams Lake Approval

Vancouver-based Taseko Mines (TSX: TKO, NYSE AMEX: TGB) awaits the British Columbia government’s approval for its proposed open pit mine. The CEO Russell Hallbauer predicted that the cabinet will have a decision on the proposed mining project after it reviewed the environmental threats.

From Taseko Mines Limited 7 Jul 2010

Australia Records Large Trade Surplus

Australia has recorded a trade surplus of $1.65 billion in May 2010 which was way beyond the predicted $500 million value. The large Australian trade surplus may well be reflective of the rise in commodity prices rather ...

7 Jul 2010

OneSteel Says MRRT OK

OneSteel says that the government’s proposed Minerals Resource Rent Tax or MRRT won't negatively affect Whyalla steelworks. Geoff Plummer, Chief Executive for OneSteel is however negotiating for a more simplified deal.

From InfraBuild 7 Jul 2010

Extract Resources Gains Namibian Government Support for Uranium Mine

Extract Resources (ASX and TSX code: EXT), an Australian based mining company is setting up a new uranium (U3O8) project in Namibia.

From Rio Tinto plc 6 Jul 2010

Heemskirk Consolidated Offers $84M for North Queensland Metals

Heemskirk Consolidated Ltd.(ASX: HSK) has offered North Queensland Metals Ltd. (ASX: NQM) a takeover bid valued at $84 million. An offer which the North Queensland Metals Ltd. is urging its shareholders to accept. This o...

6 Jul 2010

Ken Henry: Worse off Under New Mining tax

In the opinion of Mr. Ken Henry, the Treasury Secretary, the new tax on mining (MRRT) is going to be worse for jobs in the mining sector than the originally planned Resources Super Profits Tax (RSPT).

6 Jul 2010

Macarthur Coal Upgrades Profit Forecast

Macarthur Coal Ltd has had a good year and this reflects in its revised full year profit forecast.

5 Jul 2010

Essakane Gold Mine in Burkina Faso Comes Online

The Essakane gold mine in Burkina Faso has been started up by IamGold Corp. six months prior to the planned date of year end 2010. It is the first greenfield project built by IamGold in Africa.

From Iamgold Corp. 5 Jul 2010