A potential mine site in Australia’s Northern Territory is in trouble with the traditional land owners. The massive iron ore deposit in the Gulf of Carpentaria is now the site of a controversy. Miners want to run a slurry line to Maria Island and the indigenous Aboriginal community say that the land is a deeply sacred place that hosts a poison tee that will kill them.
Western Australia Premier Colin Barnett has blamed the proposed carbon tax and the minerals resource rent tax (MRRT) for the doubt that now surrounds the multi-billion dollar Oakajee Port and Rail Project.
The world’s largest mining company BHP Billiton is spending $3 billion on expanding the Worsley aluminum project in Western Australia.
Iron Road Ltd, an independent, South Australian focused iron ore project developer, is ready to build a major magnetite iron ore project on the Eyre Peninsula in South Australia. The community around Warramboo has traditionally been a farming region but if the open cut mine is established it would convert to a mining zone.
The Queensland government is looking to build subsidized housing projects in Blackwest. Blackwest is located west of Rockhampton in central Queensland.
The Rio Tinto Group has approved the expansion of its iron ore operations in Australia. The company is to invest $676 million over the next six months to profit from ever growing global thirst for iron ore. The funds have been sanctioned to enhance work on port and rail engineering projects in the Pilbara region.
Australian Treasurer Wayne Swan said on Tuesday that the investment needs and demand for capital for the country are set to grow proportionately with the resources boom. For this reason Australia will have huge opportunities for foreign investment. The Treasurer was speaking to the International CEO Forum in Canberra.
The Construction Forestry Mining and Energy Union (CFMEU) has applauded the breakthrough deal with mining giant Rio Tinto in Western Australia. The collective agreement for iron ore rail workers in the Pilbara region is the first such union agreement with the mining company for 18 years. With this the union gains its first foothold in the region after nearly two decades.
Mining magnate Clive Palmer has managed to get China to finance his latest project. The Chinese Exim bank will help develop the mine by financing the China First project in the Galilee Basin in central Queensland.
Galahad Metals has established a cut-grid in the significant Regcourt gold mine shaft region.
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