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  • Gold Drives Bumper Profits for Newcrest
    News - 15 Aug 2011
    The acquisition of Lihir has helped raise Newcrest Mining’s profits by 63%. The company announced a profit of $908 million in the year to the end of June. In comparison the previous year profits...
  • Molycorp Reports Strong Second Quarter Results Driven by Rare Earths
    News - 14 Aug 2011
    Molycorp, Inc. announced its second quarter results with a record net sales of $99.6 million in the quarter. This was contributed to by a 58% increase in sales of rare earth oxides as compared to the...
  • Asian Demand Driving Diamond Prices to New Highs
    News - 31 Jul 2011
    Diamond sales in India, China and the Middle East are responsible for a 30% rise in total global sales of the precious stone. As per diamond giant De Beers the last six months saw the price of...
  • Escondida Strike Driving Copper Prices Up
    News - 27 Jul 2011
    With the strike at BHP Billiton’s giant Escondida copper mine in the Atacama Desert, Chile continuing with no signs of abating the prices for copper continued to rise in London. Worldwide...
  • New Report Says Australian Interest Rates Will Rise as Mining Boom Drives Wages Higher
    News - 25 Jul 2011
    A Deloitte Access Economics report said that the Reserve Bank of Australia (RBA) would increase interest rates three times over the coming year. This will be in response to rising wages that go along...
  • Australian Government to Review Land Ownership After Chinese Coal Driven Land Grab
    News - 27 Jun 2011
    After it came to light that the Chinese government controlled Shenhua Watermark Coal had been buying rural land for coal exploration in New South Wales the Gillard government is now planning to review...
  • Driven Capital Begins Field Work at Kuyakuz Mountain Project
    News - 28 May 2011
    Driven Capital is an exploration firm based in North America, which focuses on the discovery of high-grade precious metals deposits. The company has begun work for the 2011 field season at its Kuyakuz...
  • Mining Driving Queensland Economy
    News - 24 Nov 2010
    The mining industry is the largest generator of jobs in Queensland with more than 130,000 jobs being created directly and indirectly by the industry in the last year in Brisbane alone, according to a...
  • Copper Boom Driven by Chinese Demand
    News - 14 Nov 2010
    The price of copper ore shot up to a record high riding on the Chinese demand wave. The benchmark copper contract went up by 2.5 % on the London Metal Exchange to a record value of $8,966 per tonne....
  • Escondida to Drive BHP's Copper Expansion
    News - 1 Nov 2010
    There is some good news for BHP Billiton in a time when any deal it seems to back fails to come to fruition. Its base metals division has declared that its growth could possibly triple copper...

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