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.
Peter Voser of Royal Dutch Shell asserts deep water drilling will continue despite the BP oil spill cleanup challenges and rising safety concerns.
By Joel Scanlon
28 Jun 2010
Tropical depression Alex is being viewed with some concern by both BP and the US Coast Guard as it moves into the southwestern gulf. Alex is likely to make BP’s clean up drive and oil collection efforts difficult in the Gulf of Mexico.
By Joel Scanlon
28 Jun 2010
If you thought that buying gold was the safest investment that you could make Macquarie Bank interest rate strategist Rory Robertson, would have you rethink that decision. He considered gold a bubble waiting to burst.
By Joel Scanlon
28 Jun 2010
WorleyParsons an Australian engineering company and part of a consortium with the Canadian engineering and construction group SNC-Lavalin issued a statement on Monday saying that it had been awarded a contract to provide Vale’s S11D processing facility with engineering services.
The proposed mining tax faces uncertainty, with public support dwindling and concerns over its impact on jobs and the economy lingering among stakeholders.
By Joel Scanlon
28 Jun 2010
The resumption of gas supply to Belarus by Gazprom raises questions about Russia's reliability as an energy supplier amid ongoing geopolitical tensions.
By Joel Scanlon
27 Jun 2010