Fortescue Metals Group Ltd chief Andrew Forrest is now feeling confident about reaching a deal over the Resources Super Profits Tax (RSPT) with the Australian Government.
A spate of mining accidents occurring globally in the last six months, have brought the need for change in safety laws to the forefront of the industry in Australia. The mining union wishes to see that that the miners wo...
Ivanhoe Mines received a financial shot in the arm from Rio Tinto as it bought shares worth US$393 Million to increase its ownership to 29.6% in the company. The funds generated are to be used to start the construction of the Oyu Tolgoi Copper – Gold Mining complex in Mongolia.
SEMAFO has recently reported that it has updated its mineral reserves for its Mana Mine in Burkina Faso to total 1.7 million ounces.
The new Australian Prime Minister Julia Gillard is learning first hand about the pressure that forced her predecessor Kevin Rudd to quit. The mining industry has been after her to 'jumpstart' talks about the proposed mining tax so that negotiations can get underway.
The new proposed mining law came about after the disastrous explosion at a West Virginia mine operated by Massey Energy Co. on April 5, 2010 and the explosion on April 22, 2010 at Deepwater Horizon oil rig.
Toronto based mining company Spider Resources Inc. received a revised proposal from Cliffs Natural Resources Inc. to obtain Spider Resources' support in an acquisition of the company by Cliffs Natural Resources. This inc...
Rio Tinto seems to be facing problems with alliances and proposed alliances everywhere. A proposed iron ore venture with BHP Billiton Ltd may be voted down by the Rio Tinto Group shareholders as they do not agree to the current terms of payment.
As a storm threatens the cleanup operation of the BP oil spill in the Gulf of Mexico, the boss of the Royal Dutch Shell Company Peter Voser, said that it was unlikely that deep water drilling would be given up by his com...
WorleyParsons an Australian engineering company and part of a consortium with the Canadian engineering and construction group SNC-Lavalin issued a statement on Monday saying that it had been awarded a contract to provide Vale’s S11D processing facility with engineering services.
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