Is the global economic slowdown finally slowing down China? It would seem that way if you look at the decline in imports of iron ore and copper in the month of June from Australia.
Orica is looking to add new mining related acquisitions to the company portfolio as per Orica Chief Executive Officer Graeme Liebelt.
By Joel Scanlon
12 Jul 2010
BP says it's pleased with the progress being made in trying to contain the Gulf of Mexico oil leak with a new lower marine riser package (LMRP) containment cap over the Deepwater Horizon's failed blow-out preventer.
By Joel Scanlon
12 Jul 2010
BHP Billiton spokesperson Amanda Buckley said that the $20 billion Olympic Dam expansion plans remained on track with the original time table.
The proposed coal loading facility north of Abbot Point will elevate coal handling to 50 million tonnes, positioning Queensland as a key player in the industry.
The Foreign Investment Review Board approves Sichuan Taifeng's stake increase in IMX Resources, facilitating a $49 million investment in South Australia.
By Joel Scanlon
12 Jul 2010
Change is coming to Williamsport Pennsylvania in the form of Marcellus Shale. The multi billion dollar bounty of natural gas which lies below the ground is going to make sure of that.
By Joel Scanlon
7 Jul 2010
The West Kentucky coal mine collapse revealed inadequate roof control plans, leading to two fatalities and prompting an investigation into safety compliance.
By Joel Scanlon
7 Jul 2010
Tony Hayward seeks Gulf funding to address the historic U.S. oil spill, with Saudi investors eyeing a stake in BP amid plummeting share prices.
By Joel Scanlon
7 Jul 2010
Lonmin Plc (LON:LMI), the third largest and lowest cost producer of Platinum Group Metals (PGMs) has appointed Simon Scott as its new CFO.
Sundance Resources Ltd saw the final chapter in its recent tragedy written today as the bodies of the six Australian nationals were placed on a flight from the Congo to Australia.
The recent decision to scrap the proposed RSPT and the introduction of the revised MRRT has lead Swiss mining company Xstrata to restart work on the Wandoan Coal mine. The planned $6 billion coal mine including exploration activities are now back on track.
By Joel Scanlon
7 Jul 2010
Vancouver-based Taseko Mines (TSX: TKO, NYSE AMEX: TGB) awaits the British Columbia government’s approval for its proposed open pit mine. The CEO Russell Hallbauer predicted that the cabinet will have a decision on the proposed mining project after it reviewed the environmental threats.
The May 2010 trade surplus of $1.65 billion reflects strong export performance, particularly in rural goods and gold, boosting Australia's economy.
By Joel Scanlon
7 Jul 2010
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.