Australian Prime Minster Kevin Rudd is seeing the new agreements signed with China in Canberra yesterday as a way at getting back at those criticizing the RSPT. Of the 10 agreements signed 7 related to the resources and energy sector.
Minotaur Exploration based in Adelaide has found a promising iron ore prospect west of Broken Hill in South Australia. Today Minotaur Resources reported a 40km long magnetite iron ore deposit which is about 124m thick.
The Australian Treasury Secretary Ken Henry is canvassing for support to the prospective resources super profits tax or RSPT. He made aired his frustrations over the heated debate surrounding the proposed 40% tax on mini...
In a tragic accident for the Sundance Resources mining company the aircraft which crashed into dense forests in Africa had no survivors. The Perth based company lost its chairman, managing director and CEO, company secretary and three directors. There were a total of 11 people on board.
Chinese concern over the Australian Government's proposed Resources Super Profit Tax (RSPT) is likely to be high on the communication agenda when Vice President Xi Jinping of China meets Australian Prime Minister Kevin Rudd today.
Another study commissioned by the Mining industry on the proposed mining tax has found flaws in the Government's proposed mining tax model. The report was given by Ernst & Young says that the Resources Super Profit Tax or RSPT proposed by the federal government is based on a wrong theory.
Australia’s third largest iron ore producer Fortescue Metals Group, is about to sign an engineering agreement with a Chinese company to help boost its iron ore production at its Chinchester Hub.
Queensland Premier Anna Bligh feels that North Stradbroke Island off Brisbane will do better as a tourism spot than as a mine. The Queensland Government will be halting the salt mining on the Island by 2027.
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...
Asciano investors may go on the rampage with the announcement of no dividends being made with minimal fanfare.
Tony Hayward, BP CEO was given a humiliating dressing down before an energy sub-committee investigating the Gulf of Mexico oil spill.
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 ...
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.