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Legendary diamond could give float some sparkle

Posted on November 20, 2012

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

Posted on August 26, 2012

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

Posted on May 25, 2012

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

Posted on April 23, 2012

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

Posted on April 18, 2012

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

Posted on March 31, 2012

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

Posted on March 29, 2012

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

Posted on March 26, 2012

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

Posted on March 15, 2012

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

Posted on March 14, 2012

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

Posted on February 8, 2012

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

Posted on January 31, 2012

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

Posted on January 2, 2012

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

Posted on July 25, 2011

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.