Deutsche Rohstoff Australia hopes to mine about 200,000 tonnes of gold ore from several gold deposits in August this year.
By Joel Scanlon
1 Jul 2010
The coalition opposition plans to repeal the Resources Super Profits Tax, citing concerns over mining competitiveness and government pressure for a compromise.
By Joel Scanlon
1 Jul 2010
Rio Tinto has welcomed the decision to keep its railway line in Western Australia closed to smaller iron ore miners.
AGL Energy Ltd is hoping to purchase Mosaic Oil NL. AGL is Australia’s largest energy retailer and it has offered an AUD $123 million conditional cash bid to the local junior Mosaic Oil Ltd.
By Joel Scanlon
1 Jul 2010
Chalco's decision to lapse the Aurukun project reflects industry shifts, as the company seeks new investment opportunities in Australia's resources sector.
By Joel Scanlon
1 Jul 2010
Fluor Corporation secures a $1.3 billion contract for the Caserones copper mine in Chile, enhancing its presence in the South American mining sector.
By Joel Scanlon
30 Jun 2010
Fortescue Metals Group Ltd chief Andrew Forrest is now feeling confident about reaching a deal over the Resources Super Profits Tax (RSPT) with the Australian Government.
In Dunkwa-on-offin, a gold mine collapse has left 80 miners trapped, with rescue efforts hampered by flooding and survivors' reluctance to share details.
By Joel Scanlon
30 Jun 2010
The rise in mining accidents has intensified calls for safety law reforms in Australia, focusing on better equipment for miners in hazardous environments.
By Joel Scanlon
30 Jun 2010
Ivanhoe Mines received a financial shot in the arm from Rio Tinto as it bought shares worth US$393 Million to increase its ownership to 29.6% in the company. The funds generated are to be used to start the construction of the Oyu Tolgoi Copper – Gold Mining complex in Mongolia.
SEMAFO has recently reported that it has updated its mineral reserves for its Mana Mine in Burkina Faso to total 1.7 million ounces.
The new Australian Prime Minister Julia Gillard is learning first hand about the pressure that forced her predecessor Kevin Rudd to quit. The mining industry has been after her to 'jumpstart' talks about the proposed mining tax so that negotiations can get underway.
By Joel Scanlon
29 Jun 2010
The new proposed mining law came about after the disastrous explosion at a West Virginia mine operated by Massey Energy Co. on April 5, 2010 and the explosion on April 22, 2010 at Deepwater Horizon oil rig.
Spider Resources Inc. considers a revised takeover bid from Cliffs Natural Resources, raising the offer to 19 cents contingent on terminating KWG's agreement.
Rio Tinto seems to be facing problems with alliances and proposed alliances everywhere. A proposed iron ore venture with BHP Billiton Ltd may be voted down by the Rio Tinto Group shareholders as they do not agree to the current terms of payment.