When Australia's richest person launched the ambitious $10 billion, 55m tonnes a year project iron ore was trading at more than $130 a tonne.
With bondholders facing possibility of default, Australia's St Barbara needs a quick "win-win" exit from its Solomon Islands gold mine taken over by illegal miners.
The iron ore-rich state is the latest of Australia's debt-laden regional governments to announce a selloff of state-owned infrastructure.
If the steel-making material loses another $2 a tonne, it will be the lowest since October 2009.
There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.
Now more than ever, only select mining companies are attracting investors.
Spot falls to $88.90 a tonne as iron ore price suffers weakest quarter since 2009.
In a letter to China's ambassador to Australia, Clive Palmer expressed regret for "any insult to the Chinese people caused by any of the language" he used.
Capital raising for exploration up more than 32%.
And that's only during the construction phase.
The new repurchase program will remain active until Dec. 31, 2015.
Economists say the mining boom increased Australian living standards substantially.
Anxiety rising in the region.
The open pit mine would produce 7 million tonnes of coal a year and contribute $33 million in annual royalties.
Glencore CEO Ivan Glasenberg strikes positive note after announcing jump in profits, output and better trading conditions at Swiss commodities giant.
Who were the top earners in 2013?
Chief Executive Officer Andrew Mackenzie said the project ramains in BHP's main plans, but added the firm is not in a rush to develop it.
Clive Palmer has come under fire for labelling the Chinese government “mongrels” and “bastards” on national television.
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Australia's non-bulk mining industry "will die without a strong pipeline of projects moving to development stage," says study.
World's number one miner hopes to save $3.6 billion spinning off aluminium, coal, manganese, nickel and silver assets into new company.
The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.
Apache Corp. says the discovery may herald a new oil “province” for Australia.
The miner is reviewing all options on its 53.83% stake in Bougainville Copper, the operator of its Paguna mine, which has a potential gold and copper resource worth over $60 billion.
Looking for partners for $3 billion project in South Australia forecast to produced 114,000 tonnes of copper and 117,000 ounces of gold a year.
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