Sundance Resources is a Perth based junior mining company facing a crisis. A company plane with a number of Sundance’s top executives went missing in West Africa yesterday. It is believed to have crashed.
Caterpillar Inc. the world's largest manufacturer of construction and mining equipment announced a $700 million investment plan over the next four years. The plan involves production of mining shovels and an expansion of its production of trucks at plants in Decatur, Illinois and Chennai, India.
Is the proposed RSPT of the Australian government to blame for the drastic reduction in mining deals this quarter? It would seem so. A total of 47 deals have been announced in the quarter ending June 2010 which are value...
By Joel Scanlon
18 Jun 2010
Asciano investors may go on the rampage with the announcement of no dividends being made with minimal fanfare.
By Joel Scanlon
18 Jun 2010
Tony Hayward, BP CEO was given a humiliating dressing down before an energy sub-committee investigating the Gulf of Mexico oil spill.
By Joel Scanlon
18 Jun 2010
Mining jobs have increased in the last six months, but the mining industry is not the largest job generator in the Australian economy. In contrast to 14,400 mining jobs generated the construction industry created 40,000 ...
By Joel Scanlon
18 Jun 2010
Xstrata has suspended its multi billion dollar project in the Surat Basin in central Queensland. The $186 million worth expenditure was to be used to develop the $6 billion Wandon thermal coal project located south west of Gladstone.
By Joel Scanlon
17 Jun 2010
New Zealand based Solid Energy Chairman, John Palmer feels that the state run mining company should be partially privatized to meet the $10 billion capital it needs to expand. The idea is similar to the partially listed ...
By Joel Scanlon
17 Jun 2010
Aquila Resources Ltd and Brazilian mining giant Vale's subsidiary Bowen Central Coal finding it difficult to reach common ground to work together over Eagle Downs.
Rio Tinto's Eagle, a nickel and copper mine in Michigan worth $469 million, has been approved. This is the second overseas investment by Rio Tinto after the Australian government announced the RSPT mining tax.
The six year contract won by Leighton Asia is estimated to be worth $1.1billion. It involves expanding the mining services in MSJ coal mine in Indonesia for PT Mahakam Sumber Jaya.
By Joel Scanlon
17 Jun 2010
The republic of Mongolia is currently being wooed by the London Stock exchange, Hong Kong Exchanges and Clearings, and Nasdaq. The issue is the listing of Mongolian Mining Companies. The estimated mineral wealth of Mongolia is said to be vast despite limited exploration in the country.
The Yellowstone mining project proposed by the New World Mine about 20 years ago has been well and truly squashed by the Trust for Public Land. Alex Diekmann, a project manager for TPL confirmed that the group had finally purchased the last 772 acres of mining claims from private owners.
By Joel Scanlon
16 Jun 2010
Renewed criticism for Barack Obama and his government in the handling of the oil spill crisis in the Gulf of Mexico has brought the US President for a 3 hour tour of the affected area. The Oil Spill was caused by the blowing up of a BP rented rig in the Gulf of Mexico.
By Joel Scanlon
16 Jun 2010
The pressure from the Mining Industry may be starting to show on the government as Resources Minister Martin Ferguson mentioned that the Australian Government may change certain elements of the new mining tax for different parts of the industry.
By Joel Scanlon
16 Jun 2010