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  • Out With RSPT and in With Minerals Resources Rent Tax
    News - 4 Jul 2010
    In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has...
  • Riversdale Mining Signs MoU with Wuhan Iron and Steel
    News - 27 Jun 2010
    Wuhan Iron & Steel Corp, the Chinese government controlled steel giant has signed a Memorandum of Understanding (MoU) with Australian company Riversdale Mining Ltd. As per terms of the agreement...
  • BG Group Wins Approval for Gladstone LNG Project
    News - 27 Jun 2010
    BG Group Plc has received environmental approval for its proposed liquefied natural gas project in Queensland State on Friday. It is the second venture to secure permission. Four similar ventures are...
  • Gains Across the Board for Ozzie Mining Stocks
    News - 24 Jun 2010
    The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources...
  • Boom Time Ahead for Miners
    News - 23 Jun 2010
    According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to...
  • Patriot Coal to Close Mine in West Virginia
    News - 22 Jun 2010
    Patriot Coal, based in St. Louis, plans to permanently close a valuable coal mine in West Virginia. The mine in question is Harris No.1 min near Wharton. The operations were suspended last week after...
  • China Inks Seven New Australian Mining Deals
    News - 21 Jun 2010
    Australian Prime Minster Kevin Rudd is seeing the new agreements signed with China in Canberra yesterday as a way at getting back at those criticizing the RSPT. Of the 10 agreements signed 7 are...
  • Tragedy Strikes Sundance Resources
    News - 21 Jun 2010
    In a tragic accident for the Sundance Resources mining company the aircraft which crashed into dense forests in Africa had no survivors. The Perth based company lost its chairman, managing director...
  • Drastic Drop in Mining Deals, RSPT Effect?
    News - 18 Jun 2010
    Is the proposed RSPT of the Australian government to blame for the drastic reduction in mining deals this quarter? It would seem so. A total of 47 deals have been announced in the quarter ending June...
  • Xstrata Suspends Surat Basin Coal Project
    News - 17 Jun 2010
    Xstrata has suspended its multi billion dollar project in the Surat Basin in central Queensland. The $186 million worth expenditure was to be used to develop the $6 billion Wandon thermal coal project...

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