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AECOM Technology Secures Contract to Expand Ravensworth North Mine Project

AECOM Technology has secured a services contract worth of US$20 million for constructing the US$1.4 billion Ravensworth North mine project, which is located in New South Wales, Australia.

2 Sep 2011

Woulfe Mining to Bring South Korean Tungsten Mine Back On-Line

Tungsten

14 Aug 2011

Aquila Resources Looks to Sell Washpool and Gets Nod for West Pilbara Iron Ore Project

Aquila Resources Ltd is selling its Washpool coal project. Tony Poli, chief executive officer of the company said that dozens of potential buyers were studying the purchase of the asset. The Perth based company hopes to raise AUD $1 billion for the asset.

From Aquila Resources Limited 11 Aug 2011

Xstrata Looks to Expand Mount Isa with Large Multi-Commodity Open Pit Mine

The Swiss mining company Xstrata has decided to start a $47 million study to transform its Mount Isa mining operation. The firm wishes to develop a large multi-commodity open pit mine at the already present mine in north west Queensland. The study is to begin in August and will be completed by early 2013.

11 Aug 2011

BHP Billiton Acquires HWE Mining

BHP Billiton is to acquire HWE Mining from Leighton Holdings, allowing the mining giant to switch to an owner-operater model at its iron ore mining operations in the Pilbara region. The deal will see Leighton Holdings richer by $735 million. HWE Mining had provided close to 70% of operations on behalf of BHP Billiton on contractual basis.

From BHP Billiton Plc 9 Aug 2011

Jindal Steel and Power to Use Rio Tinto's HIsmelt at Jharkhand

Jindal Steel and Power Limited are going to use a new technology for smelting iron ore by using non-coking coal in their upcoming plants in the Indian states of Jharkhand and Orissa. Jindal Steel operates a 3.0 million tons a year steel plant in Chhattisgarh state and is setting up a plant of an equal capacity in Jharkhand state.

From Rio Tinto plc 8 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

New Report Says Australian Interest Rates Will Rise as Mining Boom Drives Wages Higher

A Deloitte Access Economics report said that the Reserve Bank of Australia (RBA) would increase interest rates three times over the coming year. This will be in response to rising wages that go along with the mining boom that will help lift the economy out of the slump that it went into following natural disasters.

25 Jul 2011

Hewlett Packard Helps MMG Compute in the Cloud

Hewlett Packard (HP) is making it easier for the Minerals and Mining Group (MMG) to communicate in-house in a multi million dollar IT transformation. When MMG took over OZ Minerals it had two infrastructure backbones. Then adding to the confusion was the fact that OZ Minerals had been formed by merging Oziana and Zinifex.

From OZ Minerals Limited 13 Jul 2011

Macarthur Coal Takeover Good Timing for Gillard

Despite the impending doom being spelled out by analysts against the mining tax and carbon tax, the coal industry in Australia has projects worth $15.9 billion under construction. There is also the hope that by the financial year 2015-16 exports of coal will be up by 60%.

13 Jul 2011