Yet another pre-election promise involves setting up a single national regulatory body for the oil and gas industry as per Resources Minister Martin Ferguson.
By Joel Scanlon
12 Aug 2010
The ruling political party in South Africa, the African National Congress (ANC) is seeking more state control of mining.
By Dr. Cameron Chai
11 Aug 2010
Osisko Mining Corp (TSX: OSK) recorded a net loss of $8.4 million for the period and $7.1 million year-to-date.
Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.
By Joel Scanlon
10 Aug 2010
The Managing Director of Bradken (ASX: BKN), Brian Hodges says that the financial crisis faced by the company was over
By Joel Scanlon
10 Aug 2010
French multinational and industrial conglomerate AREVA might want to explore the Koongarra area of Northern Territory in Australia for uranium, but if the sole Aboriginal owner has his way the land would soon be part of the Kakadu National Park.
By Joel Scanlon
10 Aug 2010
Ivanhoe Australia (ASX:IVA) is planning to raise up to $269 million for the acquisition of a project to be developed in Queensland and to repay current
A major beef company is suing Xstrata over alleged overflow of chemicals into waterways. The Stanbroke Pastoral Company has launched legal action against the Xstrata run Ernest Henry mine in northwest Queensland near Cloncurry
By Dr. Cameron Chai
10 Aug 2010
The residents of Tara west, Brisbane are blocking the Queensland Gas Company (QGC) from conducting seismic testing in the Surat Basin north west of Toowoomba. They have been joined by environmental group Friends of the Earth in their endeavor.
By Joel Scanlon
10 Aug 2010
Anna Bligh, the Queensland Premier announced that the state government is carefully considering an offer made by a consortium of coal companies to buy the state's coal rail tracks. Members of the consortium including BHP Billiton, Xstrata Plc and 11 other coal producers have made an offer of AUD$4.85 billion to the Queensland government.
Alumina Ltd (ASX:AWC),(NYSE:AWC) and its partner have received a shot in the arm by the renewed demand in aluminium and alumina allowing the company to get out of the red.
In a case of literally hitting a gold sweet spot Artemis Resources (ASX:ARV) seems to have struck lucky with their very first drill hole in the Mt Clement Gold Project in Western Australia.
The 33 miners trapped in a mine in Chile will have to wait even longer to be rescued due to a fresh cave in. The accident occurred in a San Jose mine near the city of Copiapo in north Chile.
By Dr. Cameron Chai
9 Aug 2010
Linc Energy (ASX:LNC) is likely to get some help from a partner to build its first commercial plant in Australia. The Managing Director Peter Bond said that they were still about two years away from commercialising their underground coal gasification technology.
By Dr. Cameron Chai
9 Aug 2010
Rio Tinto seems reassured enough by the federal government’s changes to the proposed new mining tax (MRRT) to begin investing in Australian mines again.