Russian energy company Gazprom has resumed normal gas supply to Belarus after it stated that the $200 million debt was almost paid off. The energy giant Gazprom had reduced the supply of gas by 60 percent in wake of the ...
By Joel Scanlon
27 Jun 2010
Wuhan Iron & Steel Corp, the Chinese government controlled steel giant has signed a Memorandum of Understanding (MoU) with Australian company Riversdale Mining Ltd.
Fortescue's chief executive, Andrew Forrest has been demanding that the mining tax be taken off the table ever since it was announced. He has been one of the primary faces of the “axe the tax” campaign la...
BG Group Plc has received environmental approval for its proposed liquefied natural gas project in Queensland State on Friday. It is the second venture to secure permission. Four similar ventures are planned to convert c...
Sundance is trying to get a second rescue team to try and salvage the bodies from the crash site in Africa. Sundance Resources Ltd lost its entire board of six members in the aircraft crash on Saturday on the western ridge of Congo's Avima Range, near the Gabonese border.
East Timor President Jose Ramos-Horta wants the Australian Government to convince the developers of the Greater Sunrise gas field to build a pipeline to East Timor.
According to Dr. Jose Ramos-Horta developing the Sun...
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...
Prime Minister Kevin Rudd may have quit making place for Julia Gillard to take over the Labour party leadership, but his proposed Resources Super Profits Tax has received an ally in the International Monetary Fund. The deputy head of the IMF's tax policy division, Philip Daniel said that the IMF staff welcomes the RSPT tax proposal in principle.
By Joel Scanlon
24 Jun 2010
Interior Secretary Ken Salazar said on Wednesday that he has plans to issue a new drilling freeze which might be refined to reflect the offshore conditions. He was speaking to a Senate subcommittee as he explained that the new order was still being developed.
By Joel Scanlon
24 Jun 2010
Lyntek Inc. has published the "Coles Hill Conceptual Study," an engineering and feasibility study that looks at a proposed uranium mine and mill in Pittsylvania County. The proposed mining operation in Southside Virginia is likely to bring 350 jobs and about $40 million to the local economy according to the study.
By Joel Scanlon
24 Jun 2010
With the Gulf of Mexico dominating U.S. news, now a federal court judge has overturned the ban on drilling imposed by President Obama after the oil spill. The explosion which triggered a massive oil spill in the month of April in the Gulf of Mexico caused Obama to put the six month moratorium in place.
By Joel Scanlon
23 Jun 2010
Western Australia Premier Colin Barnett has come under criticism from the opposition for accepting the one off payment of $350 million from iron ore companies BHP Billiton and Rio Tinto. The state government had announce...
The Resources Super Profits Tax (RSPT) proposed by the federal government in Australia on the mining industry is likely to cost the Australian economy more than it benefits it. This has been the main argument of all the ...
By Joel Scanlon
23 Jun 2010
According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to about $170 billion in...
Woodside Petroleum Ltd. sent a statement to the Australian Securities Exchange warning about delays and rising costs at its Pluto LNG project. The Oil and Gas producer is facing rising construction costs and delays due to the strike action taken by its employees.