As the economic burden of the cleanup effort in the Gulf of Mexico grows exponentially BP is now seeking financial help from other partners related to the disaster.
By Joel Scanlon
5 Jul 2010
Simon Crean the former trade minister and now minister for employment, workplace relations and education defended the controversial mining tax RSPT saying that in talks with overseas trade groups and financiers Mr. Crean...
Centennial Coal seems to be amongst the first beneficiaries of the new revised mining tax of the Australian government.
Asciano has secured a $320 million contract with Middlemount Coal for the next ten years. This will be for moving as much as 3 million tons of coal per annum in Queensland from January 2012 onwards.
By Joel Scanlon
4 Jul 2010
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...
With both China and the U.S. slowing down economically the price of oil has been sliding on a slippery path. As the two largest energy consuming countries curbed their demand for oil most people are not surprised at the ...
By Joel Scanlon
4 Jul 2010
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...
The Zimbabwe Cabinet seems to be sending out mixed signals about selling the Marange diamonds without the Kimberly certification. The money from the diamonds is instrumental in helping Zimbabwe get on its feet economical...
By Joel Scanlon
4 Jul 2010
Deutsche Rohstoff Australia hopes to mine about 200,000 tonnes of gold ore from several gold deposits in August this year.
By Joel Scanlon
1 Jul 2010
Getting ready to exploit the proposed mining tax in the fast approaching elections the coalition opposition has promised to rescind the Resources Super Profits Tax (RSPT) under a Tony Abbot led government.
This comes...
By Joel Scanlon
1 Jul 2010
Rio Tinto has welcomed the decision to keep its railway line in Western Australia closed to smaller iron ore miners.
AGL Energy Ltd is hoping to purchase Mosaic Oil NL. AGL is Australia’s largest energy retailer and it has offered an AUD $123 million conditional cash bid to the local junior Mosaic Oil Ltd.
By Joel Scanlon
1 Jul 2010
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.
...
By Joel Scanlon
1 Jul 2010
The Texas based Fluor Corporation has been awarded a contract valued at US$1.3 billion by Minera Lumina Copper Chile S.A. for its new Caserones copper mine project located in central Chile. The Fluor Corporation will del...
By Joel Scanlon
30 Jun 2010
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.