Lonmin Plc (LON:LMI), the third largest and lowest cost producer of Platinum Group Metals (PGMs) has appointed Simon Scott as its new CFO.
Sundance Resources Ltd saw the final chapter in its recent tragedy written today as the bodies of the six Australian nationals were placed on a flight from the Congo to Australia.
The recent decision to scrap the proposed RSPT and the introduction of the revised MRRT has lead Swiss mining company Xstrata to restart work on the Wandoan Coal mine. The planned $6 billion coal mine including exploration activities are now back on track.
By Joel Scanlon
7 Jul 2010
Vancouver-based Taseko Mines (TSX: TKO, NYSE AMEX: TGB) awaits the British Columbia government’s approval for its proposed open pit mine. The CEO Russell Hallbauer predicted that the cabinet will have a decision on the proposed mining project after it reviewed the environmental threats.
Australia has recorded a trade surplus of $1.65 billion in May 2010 which was way beyond the predicted $500 million value. The large Australian trade surplus may well be reflective of the rise in commodity prices rather ...
By Joel Scanlon
7 Jul 2010
OneSteel says that the government’s proposed Minerals Resource Rent Tax or MRRT won't negatively affect Whyalla steelworks. Geoff Plummer, Chief Executive for OneSteel is however negotiating for a more simplified deal.
Chevron has discovered a new gas well in the Carnarvon Basin which will help its proposed expansion of the Wheatstone project.
Extract Resources (ASX and TSX code: EXT), an Australian based mining company is setting up a new uranium (U3O8) project in Namibia.
Heemskirk Consolidated Ltd.(ASX: HSK) has offered North Queensland Metals Ltd. (ASX: NQM) a takeover bid valued at $84 million. An offer which the North Queensland Metals Ltd. is urging its shareholders to accept. This o...
By Joel Scanlon
6 Jul 2010
The Australian Greens leader Bob Brown is due to visit a southwest Queensland community on Tuesday in regard to a resource project which has been earmarked on prime agricultural land at Felton. The Friends of Felton lobb...
By Joel Scanlon
6 Jul 2010
In the opinion of Mr. Ken Henry, the Treasury Secretary, the new tax on mining (MRRT) is going to be worse for jobs in the mining sector than the originally planned Resources Super Profits Tax (RSPT).
By Joel Scanlon
6 Jul 2010
Macarthur Coal Ltd has had a good year and this reflects in its revised full year profit forecast.
By Joel Scanlon
5 Jul 2010
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.
As the economic burden of the cleanup effort in the Gulf of Mexico grows exponentially BP is now seeking financial help from other partners related to the disaster.
By Joel Scanlon
5 Jul 2010
Simon Crean the former trade minister and now minister for employment, workplace relations and education defended the controversial mining tax RSPT saying that in talks with overseas trade groups and financiers Mr. Crean...