World number two miner to approve $5bn to bring annual capacity to 360m tonnes.
The company's gemstone mines are estimated to be worth $2.2 billion.
"Interest from private equity in sector is the highest I have ever seen"
BHP Billiton employees working at Pinto Valley and SMARRCO will become employees of Capstone as part of the transaction.
In February, the conservative state government of Queensland lifted a ban on shale oil exploration and production along its coast, enabling companies to begin assessing the potential there, in the search for starting a shale boom equal to the one in the US.
VIDEO: One of its policies is to process more mineral resources within the country.
China imported 32.17 million mt of iron ore from Australia in March, up 12% year on year and up 27.5% from February.
Our industry has to remind everyone about the value of coal for socio-economic development, especially when irresponsible and ignorant calls are being made to phase out coal or stop its export.
Workers will receive the "legally mandated severance packages."
Company cites declining commodity prices and weaker currencies as part of a more challenging business environment.
VIDEO: A look at the power and politics of gold, from the Canadian Broadcasting Corporation.
John Thornton is touted for "strategy" and "global perspective"
There's always a bit of gloom alongside the boom.
To help reduce $11 billion in debts.
VIDEO: Australian miner Mutiny Gold interviewed in feature segment.
Gold miners in Western Australia are calling on the State Government to provide the sector with royalty relief until prices improve.
Commonwealth Scientific and Industrial Research Organisation (CSIRO) media release April 18, 2013.
Aside from selling assets and slashing jobs, Walsh said the company will improve performance at all operations.
The country's production will approach 90 million tonnes a year by 2018.
Company said the changes were necessary to drive its productivity agenda.
Engineers at Australia's University of New South Wales (UNSW) are using the nucleus of a single silicon atom as the base for a new "qubit" – the building block for quantum computers – which promises dramatic increases in future data …
Harsh weather during the first three months of 2013 wasn't enough to knock the mining giant off course.
Court cites environmental and social concerns for overruling approval.
The giant miner revealed, however, a spike in first-quarter production, which sent the shares up 1.9% to 3,028p in London and received a pre-market gain estimated in 4.6% to $46.40 this morning in New York.
Study claims most Aussie mining and gas companies gloss over the environmental and health costs of major projects to gain the necessary approvals.
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