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Cudeco Raises $20 Million via Sophisticated Global Investor

Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.

24 Sep 2010

Coal Takeovers in Australia to Settle Down Says Industry Analyst

Australia won't see as many takeovers in the coal mining industry as many potential targets have already been acquired after the recent surge in acquisitions as per UBS's head of metals and mining Campbell Stewart.

24 Sep 2010

Rio Tinto Expands Pilbara Operation with $242 million Investment

Rio Tinto is planning a AUD$242 million expansion at its iron ore facility in the Pilbara region, Western Australia. The Dampier Port expansion works will allow the global mining giant to process an additional 5 million tonnes of ore annually.

From Rio Tinto plc 24 Sep 2010

Moly Mines Updates on Spinifex Ridge Iron Ore Project

Moly Mines Ltd (ASX,TSX:MOL) issued a statement saying that it shipped out 70,000 tonnes of ore from Atlas Iron on the bulk panama vessel Bergen Max from its Utah Point berth and loader at Port Hedland.

From Moly Mines Limited 23 Sep 2010

Continental Coal's Vlakvarkfontein Coal Mine Surpasses Targets

Continental Coal Ltd's (ASX:CCC) new South African mine has surpassed production targets barely two months after opening.

22 Sep 2010

Australian Economy Booming Thanks to Mining

Large increases in the volumes of minerals being shipped out of Australian ports will see commodity exports rise to unprecedented levels.

22 Sep 2010

Mining Boom Pressures Australian Inflation

Australia's Reserve Bank Governor Glenn Stevens said that interest rates will rise soon despite soft consumer spending and tight household budgets, because of the booming mining industry. Australia is riding the largest minerals and energy boom since the late 19th century.

21 Sep 2010

Atlas Iron Makes First Iron Ore Shipment Out of Utah Point

Atlas Iron (ASX:AGO) is sending its first shipment of iron ore to the new Utah Point port from its mines at Wodgina and Pardoo in the northwest of Pilbara, Western Australia.

From Atlas Iron Limited 20 Sep 2010

NZ's Pike River Coal Seeking Capital Injection

New Zealand's only listed local coal mining company, Pike River Coal (NZX: PRC, ASX: PRC), is seeking short term working capital to help pay for its West Coast coal mine in New Zealand.

From New Zealand Oil & Gas Ltd. 20 Sep 2010

BHP Billiton Gains Strong Support from Banking Sector for Potash Corp Bid

The bid from Australian resources giant BHP Billiton bid for Potash Corp of Canada is being supported by major world banks. Out of BHP Billiton's US $45 billion syndicated note facilities for the Potash bid, 16% have been picked up by major Australian banks.

From BHP Billiton Plc 20 Sep 2010