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Centrex Metals Gets Nod for Eyre Peninsula Iron Ore Mine

Centrex Metals is now one step closer to establishing an export hub on the east coast of the Eyre Peninsula. The Program for Environmental Protection and Rehabilitation for an iron ore mine near Lock was approved by the South Australian government.

From Centrex Metals Ltd. 2 Aug 2011

Vale's Plan to Build Iron Ore Bulk Carrier Fleet Alarms China

Chinese shipping companies don’t want Brazilian company Vale SA to expand its own iron ore fleet. Vale has plans to spend $2.3 billion on building the largest iron ore carriers in the world that will help them haul steel making materials to China.

From Vale 31 Jul 2011

Central Iron Ore Starts Field Mapping and Sampling at Yilgarn Iron Ore Project

Central Iron Ore has begun the field mapping and sampling at its Yilgarn iron ore project (Yilgarn IOP).

From Central Iron Ore Limited 29 Jul 2011

Ministers Accused of Taking Bribes in Karnataka Mining Scandal

The investigator in charge of looking into illegal mining activities in Karnataka, Santosh Hegde has accused the Chief Minister B.S. Yeddyurappa and other ministers of taking bribes from companies involved in the scandal.

28 Jul 2011

Fortescue Metals Says No to Revised Solomon Royalties Plan

The new chief executive of Fortescue Metals Group said that a royalty deal with Aboriginal land owners at the Solomon mine in Western Australia was out of the question. Neville Power said that it was not going to happen because they knew it's not going to do any good for the community.

From Fortescue Metals Group Ltd 27 Jul 2011

CFMEU Wins Workplace Ruling in Pilbara

The Construction, Forestry, Mining and Energy Union (CFMEU) has won a landmark case against Rio Tinto in Western Australia. The full bench of the Federal Court has ruled that the non-union collective agreements that Rio Tinto had with its mine workers in the Pilbara region were invalid.

From BHP Billiton Plc 26 Jul 2011

Namibia Looks to Increase Mining Taxes

Namibia plans to get a larger slice out of the profits generated by mining by increasing its mining tax by 17%. Namibia is a country rich with mineral resources and a reasonably well established mining industry that already generates 25% of Namibia's revenue, mining is the single most important contributor to the economy.

25 Jul 2011

Afferro Mining Looks to Raise $24 Million

Afferro Mining is planning on raising funds through an institutional placing. The gold and iron ore mining company has projects in Cameroon and Liberia.

20 Jul 2011

Western Australia a Shining Light in the Australian Economy

As per the latest quarterly report from the CommSec State of the States, Western Australia (WA) is the leading economy in Australia. WA is leading the country with strong economic growth in the mining and engineering sectors helping to raise the commercial construction and exports.

18 Jul 2011

Hanlong Mining Looks to Take Over Sundance Resources

Hanlong Mining Investment wants to takeover Sundance Resources. The Chinese mining company is the largest shareholder of Sundance Resources holding 18% stake in the company. In the takeover bid it has offered a price of 50 cents a share.

From Sundance Resources Limited 18 Jul 2011