October 14, 2012

Macmahon expects gold to shore up company outlook

The CEO of Australia's Macmahon Holdings (ASX:MAH) expects gold to continue performing well despite the weak outlook for the mining sector in general.

October 14, 2012

China’s iron ore imports hit 20-month peak in September

Chinese imports of iron ore hit a 20-month peak in the month of September with steelmakers engaging a buying spree as spot prices bottomed out.

October 13, 2012

Rio still upbeat on iron ore

The head of Rio Tinto's (ASE:RIO) iron ore business in Western Australia has expressed optimism about the sector's prospects despite a plunge in spot prices this year and concerns over…

October 13, 2012

Fortescue lifts credit extension by $500 million

Australian iron ore titan Fortescue Metals Group (ASE:FMG) has increased the size of its credit facility by USD$500 million.

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…