October 12, 2012

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry…

October 12, 2012

15% of Queensland’s mining jobs to disappear in two years

Analysts say more coal jobs will be axed in the Australian tropical state of Queensland as the beleaguered resources sector continues to weather a barrage of adverse factors.

October 11, 2012

Iron ore: The rollercoaster ride has only just started

The transformation of the iron ore market over the last few years has been nothing less than stunning. Those with nerves of steel can look forward to even higher highs…

October 11, 2012

Iron ore pulls back from $120 despite fresh Chinese infrastructure spending

The country's railways ministry is upping its investment for a third time this year – the annual budget for 2012 is now a round $100 billion.

October 11, 2012

Yale researchers discover diamond planet twice the size of the Earth

A team of U.S-Franco scientists led by Yale University hit the jackpot by discovering not just another celestial body near the Earth, but one that it is likely to be…

October 11, 2012

Twiggy has a go at Rinehart for inherited wealth

Andrew "Twiggy" Forrest, the founder and chairman of Aussie iron ore stalwart Fortescue Metals Group (ASX:FMG) has issued a thinly-veiled attack against fellow mining magnate Gina Rinehart for inheriting her…

October 11, 2012

Fortescue’s best paid exec suffers $35 million loss on slide in shares

A recent plunge in Fortescue Metals' (ASE:FMG) shares has left the pockets of its best paid executive AUD$35 million lighter.

October 10, 2012

Stronger yuan will cheapen commodities for China: Leeb

Renowned investment guru Stephen Leeb says China is pushing for a stronger yuan in order to cut the cost of its commodities purchases.

October 10, 2012

Ferrum Americas Mining intersects 88.5 m grading 49.4% Fe at Cerro Rojo iron ore project in Bolivia

Ferrum Americas Mining intersects 88.5 m grading 49.4% Fe at Cerro Rojo iron ore project in Bolivia

October 9, 2012

Rio to cut jobs on concerns over China slowdown

Rio Tinto (ASX:RIO) has announced further retrenchments and cost cutting measures due to concerns that the slowdown in China's economic growth will be more pronounced than expected.