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Obeid family and friends reap millions from lucrative coal licences
Posted on May 20, 2012
A friend and financial adviser to Eddie Obeid and his family, who had no mining background and a $1 company, won a coal exploration licence worth millions of dollars in a controversial tender run by the disgraced former resources minister Ian Macdonald.
Nickel price alarm bells ring for Mirabela
Posted on May 10, 2012
Perth-based Mirabela Nickel's share price has continued to slide today after dropping 30 per cent yesterday, which prompted a "please explain" by the Australian Securities Exchange and a one-day trading halt.
Political indecision strangles India's coal industry
Posted on May 7, 2012
India's starving coal industry is caught between the devil and the deep blue sea: between needing state backing for the massive investment of buying overseas mines and infrastructure, and being frustrated by impenetrable government red tape.
Rio blames output drop on weather
Posted on April 17, 2012
Production of Rio Tinto’s prime commodities has slipped in the first three months of 2012, compared to the previous period.
$4bn subsidy for Australian mine sector
Posted on April 17, 2012
The federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, according to a report by the Australia Institute think tank.
Mining exploration in Australia records $1billion high
Posted on March 14, 2012
Spending on mining exploration hit a record $1 billion in the three months to December, despite claims the carbon price and mining tax would hurt the industry's growth.
Australian diamonds are India's best friend
Posted on January 5, 2012
The growing Indian economy and Rio Tinto's underground plans in Western Australia are behind an estimated 36 per cent jump in Australia's diamond and gem mining revenue in the coming year.
Magnitogorsk's assets partly frozen in iron-ore dispute
Posted on December 1, 2011
OAO Magnitogorsk Iron & Steel, controlled by billionaire Victor Rashnikov, had some of its Australian assets including a stake in Fortescue Metals Group, frozen under a court order sought by Eurasian Natural Resources Corp.
White Energy bleeds as partner bails out
Posted on November 21, 2011
White Energy shares were pushed to new lows on Monday as it disclosed the rupture of negotiations with its Indonesian joint partner, exposing it to a $100 million loss on an ill-fated coal upgrade venture, with the partner demanding White buy out its equity in the venture.
Newcrest's gold output drops
Posted on October 19, 2011
Newcrest Mining has reported lower gold production in the September quarter but says it still expects to meet production and cost guidance. Australia?s largest gold miner produced 587,296 ounces of gold, 16 per cent lower than the previous quarter. Tha…
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ANNOUNCEMENT
Developments in Gossan’s Magnesium Project Paper Presented at the 69th World Magnesium Conference
Gossan Resources Limited's Technical Advisor, Dr. Zuliani, will be delivering a paper entitled, "Developments in the Zuliani Process for Gossan Resources’ Magnesium Project" at the 69th Annual World Magnesium Conference on May 22th in San Francisco. The conference, sponsored by the International Magnesium Association (IMA), focuses on current developments throughout all aspects of the magnesium industry. View Press Release -
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