The Australian

Owen Hegarty’s EMR buys Golden Grove copper-zinc mine

The EMR Capital private equity firm run by Owen Hegarty has agreed to buy the Golden Grove copper and zinc mine in Western Australia from MMG for $US210 million ($291m), giving Mr Hegarty control of the mine for a second time.

Gold price hike sparks revival in South Australian outback

Strong Australian dollar gold prices are fuelling a renaissance of sorts in gold production from South Australia’s outback.

Rio exploration deal a big boost for Antipa Minerals

Antipa Minerals has been one of first juniors to benefit from Rio Tinto’s push to find the mines of the future by expanding its pipeline of greenfield exploration projects.

Newcrest halts Cadia mine after worker’s death

After a mine technician was fatally injured at the site Sunday night.

Weaker Australian dollar cushions gold producers from slump

A survey released yesterday by Melbourne-based consultant Surbiton Associates highlights that things are not all bad for the industry, in Australian dollars at least.

Macmines pushes China Stone mine in Galilee Basin despite price fall

The $6 billion China Stone thermal coal project slated for Queensland is pushing on, despite sliding prices and other mine clos­ures, with the proponents submitting a plan to export 38 million tonnes of thermal coal a year.

BHP and Rio Tinto to be lent $100 million by Australia's government

Companies will get $100 million for a joint-venture in Chile, under the latest funding deal by Australia's controversial Export Finance and Insurance Corporation.

Legendary diamond could give float some sparkle

Australian diamond explorer going by the name of GeoCrystal is applying to the ASX based on a legendary diamond and a bunch of facts.

A pity prosperity depends on mining

Reducing mining investment is not collateral damage from the carbon tax: it is integral to achieving its objective of shrinking the carbon intensive components of Australia's economy.

Rinehart wealth list tally is a bit rich

Gina Rinehart is the richest woman in the world "with a wealth of $29.17 billion", declared this week's edition of BRW, prompting front-page headlines around the country and a possible circulation boost for the struggling magazine.

Gold: the asset that keeps defying the pundits

There is not an analyst on the face of the earth who can accurately value gold. As Warren Buffett likes to publicly declare, gold is not a productive asset because it does not generate any income.

Diamond prices tipped to sparkle

An expert has tipped the price of diamonds to rise by more than 30 per cent over the next two years because of expected consolidation in the industry and increasing investor interest in the sector.

China's Baotou Steel Rare-Earth notches hefty profit

An annual profit of more than $A530 million for the world's biggest rare-earths producer, China's Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co, a $1.23 billion North American takeover deal, and complaints by the US, EU and Japan to the World Trade Organisation over China's limiting of rare earth exports made March a busy month for the industry.

Minmetals Resources hunting in Africa

MINMETALS Resources says it will use the assets recently acquired through its takeover of Anvil Mining as the starting point for a wave of acquisitions through southern Africa.

Activist to sue mining billionaire Clive Palmer over CIA claims

An anti-coal seam gas activist says he intends to sue mining billionaire Clive Palmer for accusing him of treason.

WA's main iron ore port closed for cyclone

The iron ore export port of Port Hedland is being evacuated as Tropical Cyclone Lua moves towards Western Australia's Pilbara coast.

Fortescue Metals to raise $US1bn for Pilbara iron ore expansion

Fortescue Metals Group today said it plans to raise $US1 billion ($947.7 million) with a high-yield bond offering to help fund the expansion of its iron ore operations in Western Australia.

Namibia uranium deal on the boil for Rio

Rio Tinto is eager to secure a joint venture with the likely new owners of the huge Husab uranium deposit in Namibia.

Vale, Aquila approve Eagle Downs coking coal project

AQUILA Resources has formally approved the Eagle Downs coal project it has been fighting over in court with joint venture partner Vale.

OZ Minerals' insurance claim for derailment loss may face complication over pollution

OZ Minerals may recoup through insurance some of the losses from the up to 1200 tonnes of copper concentrate that disappeared into the Northern Territory's Edith River last week after a train derailed.

We'll buy iron ore from our own companies, Chinese warn

Beijing has issued a veiled threat to Australia's long-term economic future. It has vowed to break the power of the big mining companies by sourcing 50 per cent of its iron ore imports from Chinese-invested companies.