Australian Financial Review

New Rio Tinto chief plays down expansion expectations

Rio sources say 44-year-old French executive's command of operational and financial detail were important factor in appointment.

Chile strikes BHP Billiton copper project off development timeline

The Chilean government has removed BHP Billiton's US$4 billion Spence copper expansion project from its 10-year development timeline, saying it expects the world's largest miner will miss its targeted deadline of first production by 2020.

Traders warn on gold liquidity as banks stay away

A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.

Iron ore set for rebound: Arrium boss

Arrium chief executive Geoff Plummer has defended the company’s rejection of a $1 billion Korea-backed takeover bid, arguing a doubling of production at its iron ore mines in South Australia will provide a buffer against falling commodity prices and the company’s $2 billion debt.

NRW loses BHP iron ore contract

BHP Billiton has taken the axe to another project at Port Hedland, dealing a fresh blow to listed contractor NRW Holdings.

African ore warning for Rio, BHP

BHP Billiton's assertion that West Africa was unlikely to emerge as a key source of the world's iron ore has been challenged by a London-based investment bank behind a number of deals in the region.

Rio risks losing lease on prize iron ore project

Rio Tinto chief executive Tom Albanese has moved to assure Australian investors that the miner will not over-commit its expansion spending to iron ore but news from London highlights the difficulty the company may face responding to various pressures.

Coal of Queensland shareholders fight over float

Influential shareholders in Coal of Queensland will take court action today as part of a dispute over whether they should be allowed to buy a large part of the company at a big discount to its estimated value.

Fuel subsidy cut would hurt ore profits

Mining companies already under pressure from rising costs, a high Australian dollar and falling metals prices fear the potential removal of $2 billion in diesel fuel subsidies could have severe consequences.

Yanzhou bullish on Australian coal

China's Yanzhou Coal is forecasting sales volumes will this year rise 23 per cent at its Yancoal Australia unit, which is poised for a merger with Gloucester Coal to form an $8 billion locally listed company.

Waratah Coal project attacked by Greens

Australia's largest environmental lobbies are turning the heat on Liberal National Party (LNP) leader Campbell Newman to stop a Clive Palmer mining project.

Zimbabwe orders mining firms to bank locally: report

Zimbabwe has ordered foreign mining firms to deposit their export earnings with local banks, as the embattled countryâs government tries to address the dollar crunch afflicting its economy.

BHP fulfilling its $1.2 billion spending pledge

BHP Billiton is “rapidly spending” the $1.2 billion it promised the South Australian government it would invest in the leadup to the mining giant's decision on whether to proceed with the expansion of the Olympic Dam mine, says Premier Jay Weatherill.

Heavy rains threaten Qld coal supplies

Analysts have warned that coal prices could spike as Queensland producers batten down the hatches for a fresh spate of heavy rains.

Harry Winston covets BHP jewels

Harry Winston Diamond Corp has “some interest” in purchasing BHP Billiton’s Ekati diamond mine in northern Canada.

Mining sectors effective tax rate dwindles

Minmetals zinc mine posts 11pc output drop

Barnett keen to foster mining fraternity