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Mining Boom Pressures Australian Inflation

Australia's Reserve Bank Governor Glenn Stevens said that interest rates will rise soon despite soft consumer spending and tight household budgets, because of the booming mining industry. Australia is riding the largest minerals and energy boom since the late 19th century.

21 Sep 2010

Atlas Iron Makes First Iron Ore Shipment Out of Utah Point

Atlas Iron (ASX:AGO) is sending its first shipment of iron ore to the new Utah Point port from its mines at Wodgina and Pardoo in the northwest of Pilbara, Western Australia.

From Atlas Iron Limited 20 Sep 2010

NZ's Pike River Coal Seeking Capital Injection

New Zealand's only listed local coal mining company, Pike River Coal (NZX: PRC, ASX: PRC), is seeking short term working capital to help pay for its West Coast coal mine in New Zealand.

From New Zealand Oil & Gas Ltd. 20 Sep 2010

BHP Billiton Gains Strong Support from Banking Sector for Potash Corp Bid

The bid from Australian resources giant BHP Billiton bid for Potash Corp of Canada is being supported by major world banks. Out of BHP Billiton's US $45 billion syndicated note facilities for the Potash bid, 16% have been picked up by major Australian banks.

From BHP Billiton Plc 20 Sep 2010

Industry Heads Meet During Political Uncertainty

New talks will begin next week to discuss the changes in the planned Australian Mining Tax. Prime Minister Julia Gillard negotiated a deal with independent lawmakers and a green party member to form a minority government as Labor lost its majority in the 21 August election.

20 Sep 2010

Orsu Metals Initiates Kazakhstan Copper Mine Feasibility Study

The Orsu Metals Group is starting its feasibility study at the sulphide copper mine it owns in Kazakhstan. The London based mineral exploration company is examining the use of Chinese equipment to reduce its operational costs and to seek potential clients who would be interested in purchasing copper concentrate.

19 Sep 2010

Marius Klopper and Bob Brown in Agreement on Carbon Tax

In an ironic situation BHP Billiton CEO Marius Klopper and the Greens leader Senator Bob Brown seem to have found common ground.

16 Sep 2010

CGA Mining to Expand Production at Masbate Gold Mine

CGA Mining Ltd is looking forward to an increased production from its Masbate gold mine in the Philippines. The processing plant was originally designed to operate at a rate of 4 million tonnes per annum but a recent investment in it is likely to increase the throughput to 6.5 million tonnes per annum.

15 Sep 2010

Fly in Fly Out Workers Not Helping Economies of Remote WA Mining Towns

Mining activities in the Pilbara region of Western Australia (WA) do not seem to be helping the local economy as workers fly out with the money that they earn.

15 Sep 2010