Leighton Holdings Ltd (ASX: LEI) reported a 39% rise in full year net profits on Monday. The company said that work in hand had increased to a new record making sure that it was looking forward to a good current financial year as well.
By Joel Scanlon
16 Aug 2010
Newcrest Mining (ASX:NCM), Australia's leading gold mining company, has doubled year profits as if to prove the fact.
Woodside Petroleum Ltd (ASX:WPL), shares rose to a one month high after gaining 2.5 % after its Alaric-1 prospect offshore intersected gas pays over several zones.
Aquarius Platinum CEO Stuart Murray is a happy man with the company going from a loss in 2009 to a net profit of $27.8 million in the financial year 2010.
By Joel Scanlon
13 Aug 2010
Hundreds of striking miners in Bolivia have occupied a hydro-electric station which supplies power to the San Cristobal mine. The mine is owned by Japanese company Sunitomo Corp and it is located in the southern Potosi region.
By Joel Scanlon
13 Aug 2010
As per a Fraser Institute survey of 51 international jurisdictions Alberta is apparently the most attractive place for mining investment, while Ottawa and the provinces need to resolve jurisdictional issues concerning First Nations land claims.
By Joel Scanlon
13 Aug 2010
In a horrendous mining massacre that shook South Africa guards gunned down four illegal miners at the Aurora company mine. The mine located east of Johannesburg is jointly owned by Nelson Mandela's grandson Zondwa Mandela and President Zuman's nephew Khulubuse Zuma.
By Joel Scanlon
13 Aug 2010
The hope of finding the 33 trapped miners alive in Chile is now fast dwindling. Despite frantic rescue efforts to reach the group of miners trapped about 400 meters below the ground for six days there has been no word on the condition of the workers.
By Dr. Cameron Chai
12 Aug 2010
Chameleon Mining called for a trading halt one day after it struck a deal with Tony Sage's Cape Lambert Resources to help keep it afloat.
By Dr. Cameron Chai
12 Aug 2010
The upswing in the demand for iron ore as the global economy recovers from the crisis is leading to Fortescue planning on increasing iron ore production.
Yet another pre-election promise involves setting up a single national regulatory body for the oil and gas industry as per Resources Minister Martin Ferguson.
By Joel Scanlon
12 Aug 2010
The ruling political party in South Africa, the African National Congress (ANC) is seeking more state control of mining.
By Dr. Cameron Chai
11 Aug 2010
Osisko Mining Corp (TSX: OSK) recorded a net loss of $8.4 million for the period and $7.1 million year-to-date.
Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.
By Joel Scanlon
10 Aug 2010
The Managing Director of Bradken (ASX: BKN), Brian Hodges says that the financial crisis faced by the company was over
By Joel Scanlon
10 Aug 2010