December 24, 2012

WISCO expects to record sales of CNY 200 billion in 2012

The group recorded sales of over CNY 210 billion (USD 33.61 billion) in 2011.

December 24, 2012

The greatest mining flameouts of 2012

The notable flops, failures and flameouts of the year.

December 23, 2012

Mining costs soar as productivity languishes, superfluous staff proliferate

Excess sub-contractors and outdated construction techniques lead to cost blowouts and project delays

December 22, 2012

BHP rejects $50 million offer for Port Hedland resort

BHP Billiton has turned down a AUD 50 million offer from a consortium of investors for a collapsed resort project at Port Hedland. BHP's move is expected to lead to…

December 22, 2012

Iluka appoints 2 new non-executive directors to board

Iluka Resources has appointed James Hutchison Ranck and Greg Martin as non-executive directors to its board.

December 21, 2012

Chinese withdraw from $3bn iron ore project in Western Australia

State-owned company to shut its Perth office and withdraw most of its staff

December 21, 2012

Resource nationalism assumes more insidious forms

Tactics shift from frank expropriation of assets to increased royalties and stricter procurement requirements

December 21, 2012

Southern parvenu seizes control of New York Stock Exchange

Metals and energy trader clinches historic deal with NYSE Euronext.

December 20, 2012

Iron ore miners ending 2012 on a positive note

Vale, Rio Tinto and BHP Billiton reach an almost one-year high.

December 20, 2012

Despite 2012 commodities slump emerging market demand set to fuel higher, more volatile prices

"In a resource-constrained world, value creation moves towards the owners of resources" is the conclusion of a new report from McKinsey