Clive Palmer, the mining magnate plans to construct a new coal loading facility north of Abbot Point in Queensland. The new facility will be able to handle 40 million tonnes a year. This would transform the area into one...
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.
The big mining companies in Australia have been expressing their approval of the government's cut in the proposed Resources Super Profits Tax. The new compromise tax has been redesigned and renamed under Prime Minste...
In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has been modified to a 3...
Rio Tinto has welcomed the decision to keep its railway line in Western Australia closed to smaller iron ore miners.
Chalco, the Chinese Aluminum company has pulled out of a proposed project at Aurukun in north Queensland. Chalco is the world’s largest producer of alumina and this was to be its first investment in Australia.
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Fortescue Metals Group Ltd chief Andrew Forrest is now feeling confident about reaching a deal over the Resources Super Profits Tax (RSPT) with the Australian Government.
Rio Tinto seems to be facing problems with alliances and proposed alliances everywhere. A proposed iron ore venture with BHP Billiton Ltd may be voted down by the Rio Tinto Group shareholders as they do not agree to the current terms of payment.
WorleyParsons an Australian engineering company and part of a consortium with the Canadian engineering and construction group SNC-Lavalin issued a statement on Monday saying that it had been awarded a contract to provide Vale’s S11D processing facility with engineering services.
The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...