The six year contract won by Leighton Asia is estimated to be worth $1.1billion. It involves expanding the mining services in MSJ coal mine in Indonesia for PT Mahakam Sumber Jaya.
The republic of Mongolia is currently being wooed by the London Stock exchange, Hong Kong Exchanges and Clearings, and Nasdaq. The issue is the listing of Mongolian Mining Companies. The estimated mineral wealth of Mongolia is said to be vast despite limited exploration in the country.
The pressure from the Mining Industry may be starting to show on the government as Resources Minister Martin Ferguson mentioned that the Australian Government may change certain elements of the new mining tax for different parts of the industry.
Australian Prime Minister Kevin Rudd will face questions in Labor caucus today on the handling of the Resources Super Profits Tax or RSPT. The government is standing by its proposed 40% tax rate and its application to ex...
Asciano Group has signed a 10 year coal hauling contract with the mining company Anglo American. The deal is set to generate revenues of more than $775 million.
BP shares plummeted to 355 pence as investors worried about the rising costs of the Gulf of Mexico oil spill crisis. U.S. President Barack Obama visited the spill hit areas and vowed to use all his power to heal the Gulf Coast. He was speaking at a staging post for oil clean up efforts.
According to data provided by a model produced by KPMG on the mining industry the proposed RSPT from the federal government will make the mining companies in Australia pay 42% higher tax rates than the global average.
The Australian Prime Minister Mr. Kevin Rudd is used to defending his government’s proposed policies as was evident in the health reform case. It seems it will be no different in case of the mining industry with th...
Making another attempt to hit out at the Resources Super Profits Tax in Australia, mining giant BHP Billiton sent out a letter to shareholders pointing out a supposed flaw in the law.
Queensland Alumina Ltd pleaded guilty yesterday to causing serious environmental harm after an industrial incident in a Gladstone alumina refinery last year. The court has fined the company $90,000 plus $20,000 in costs.
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