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...
The Zimbabwe Cabinet seems to be sending out mixed signals about selling the Marange diamonds without the Kimberly certification. The money from the diamonds is instrumental in helping Zimbabwe get on its feet economical...
By Joel Scanlon
4 Jul 2010
Deutsche Rohstoff Australia hopes to mine about 200,000 tonnes of gold ore from several gold deposits in August this year.
By Joel Scanlon
1 Jul 2010
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...
By Joel Scanlon
1 Jul 2010
Rio Tinto has welcomed the decision to keep its railway line in Western Australia closed to smaller iron ore miners.
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.
By Joel Scanlon
1 Jul 2010
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.
...
By Joel Scanlon
1 Jul 2010
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...
By Joel Scanlon
30 Jun 2010
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 gold mine collapse in Dunkwa-on-offin in Ghana is said to have trapped 80 miners. The illegal gold mine owner has been held by the local police. He is believed to have hired about 135 people to work on the abandoned go...
By Joel Scanlon
30 Jun 2010
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...
By Joel Scanlon
30 Jun 2010
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.
By Joel Scanlon
29 Jun 2010
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.