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Macarthur Coal Upgrades Profit Forecast

Macarthur Coal Ltd has had a good year and this reflects in its revised full year profit forecast.

5 Jul 2010

Essakane Gold Mine in Burkina Faso Comes Online

The Essakane gold mine in Burkina Faso has been started up by IamGold Corp. six months prior to the planned date of year end 2010. It is the first greenfield project built by IamGold in Africa.

From Iamgold Corp. 5 Jul 2010

Centennial Coal Welcomes Banpu Take Over Move

Centennial Coal seems to be amongst the first beneficiaries of the new revised mining tax of the Australian government.

From Centennial Coal Company Limited 5 Jul 2010

Asciano Secures Large Coal Haulage Contract with Middlemount

Asciano has secured a $320 million contract with Middlemount Coal for the next ten years. This will be for moving as much as 3 million tons of coal per annum in Queensland from January 2012 onwards.

4 Jul 2010

Aussie Mining Giants Happy with New Tax Proposal

The big mining companies in Australia have been expressing their approval of the government's cut in the proposed Resources Super Profits Tax. The new compromise tax has been redesigned and renamed under Prime Minste...

From Fortescue Metals Group Ltd 4 Jul 2010

Out With RSPT and in With Minerals Resources Rent Tax

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 been modified to a 3...

From BHP Billiton Plc 4 Jul 2010

Opposition Will Rescind Resources Super Profits Tax

Getting ready to exploit the proposed mining tax in the fast approaching elections the coalition opposition has promised to rescind the Resources Super Profits Tax (RSPT) under a Tony Abbot led government. This comes...

1 Jul 2010

AGL Makes $123 million Bid for Mosaic Oil

AGL Energy Ltd is hoping to purchase Mosaic Oil NL. AGL is Australia’s largest energy retailer and it has offered an AUD $123 million conditional cash bid to the local junior Mosaic Oil Ltd.

1 Jul 2010

Chalco Pulls Out of Aurukun Bauxite Mine

Chalco, the Chinese Aluminum company has pulled out of a proposed project at Aurukun in north Queensland. Chalco is the world’s largest producer of alumina and this was to be its first investment in Australia. ...

1 Jul 2010

Fluor Corporation Awarded Massive Contract in Chile

The Texas based Fluor Corporation has been awarded a contract valued at US$1.3 billion by Minera Lumina Copper Chile S.A. for its new Caserones copper mine project located in central Chile. The Fluor Corporation will del...

30 Jun 2010