Concerns over blasting to build a ship channel are growing amongst environmentalists regarding the LNG plant that Inpex will build in Darwin Harbour. The company needs to blast away rock to make a new shipping channel for its gas plant.
Linc Energy (ASX:LNC) shares have jumped more than 36% after it said it was in talks with Adani Enterprises to sell its coal mines. Linc Energy CEO Peter Bond said that the coal mines at the Galilee tenement, which Adani is looking to buy, were valued at $1.3 billion.
A full financial, technical and environmental review will be undertaken by the members of the U.S. Export - Import Bank before they take a vote on giving India's Reliance Power a loan. The loan worth $600 million is to finance a new coal fired power plant to be located in India.
Rio Tinto is ramping up work in the Pilbara region of Australia. The mining giant has pledged US$200 million in funding for its iron ore operations expansion in Western Australia's Pilbara region.
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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