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.
Chevron has discovered a new gas well in the Carnarvon Basin which will help its proposed expansion of the Wheatstone project.
Extract Resources (ASX and TSX code: EXT), an Australian based mining company is setting up a new uranium (U3O8) project in Namibia.
Heemskirk Consolidated Ltd.(ASX: HSK) has offered North Queensland Metals Ltd. (ASX: NQM) a takeover bid valued at $84 million. An offer which the North Queensland Metals Ltd. is urging its shareholders to accept. This o...
By Joel Scanlon
6 Jul 2010
The Australian Greens leader Bob Brown is due to visit a southwest Queensland community on Tuesday in regard to a resource project which has been earmarked on prime agricultural land at Felton. The Friends of Felton lobb...
By Joel Scanlon
6 Jul 2010
In the opinion of Mr. Ken Henry, the Treasury Secretary, the new tax on mining (MRRT) is going to be worse for jobs in the mining sector than the originally planned Resources Super Profits Tax (RSPT).
By Joel Scanlon
6 Jul 2010
Macarthur Coal Ltd has had a good year and this reflects in its revised full year profit forecast.
By Joel Scanlon
5 Jul 2010
The Essakane gold mine in Burkina Faso has been started up by IamGold Corp. six months prior to the planned date of year end 2010. It is the first greenfield project built by IamGold in Africa.
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...