July 16, 2012

The mining boom in Australia is over, or is it?

This was the year for Australia’s mining boom Martin Ferguson hinted on Monday. The Resources Minister highlighted the end of the high commodity prices era that will force the country’s…

July 16, 2012

Australia’s mining success places Great Barrier Reef in peril

The unprecedented success of Australia's mining sector, which enabled the country to successfully weather the financial crisis and has triggered a surge in the Aussie dollar, may have caused irreparable…

July 15, 2012

BHP Billiton exits Guinea

Sunday Times reports (paywall) that BHP Billiton, which is shedding its non-core operations, is looking for a buyer for its Mount Nimba iron ore project in Guinea.

July 14, 2012

China wants to buy iron ore from a wider pool of sellers

China plans to diversify iron ore imports and increase the ratio from independent miners to 50%, according to comments made Wang Xiaoqi, vice-chairman of the China Iron and Steel Association.

July 13, 2012

Ousted Vale CEO back with a bang

Brazilian billionaire André Esteves has teamed up with Roger Agnelli, kicked out of iron ore giant Vale by government shareholders last year, to create their own mining company with an…

July 13, 2012

The Batista ‘bubble’ is bursting

Eike Batista was down to his last $20.7 billion as the six public companies he controls are rerated along with the rest of Brazil's stock market.

July 12, 2012

Planetary Resources and Virgin Galactic partner up for payload services

Space mining start-up Planetary Resources has announced that it has partnered with Virgin Galactic in the quest to explore asteroids for minerals.

July 12, 2012

Rio Tinto CFO steps down, major shakeup follows

Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.

July 11, 2012

Xstrata-Glencore merger to be decided Sep 7

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach…

July 10, 2012

Nunavut Mine? Inuit want none of it

Inuit in northern Quebec are requesting another review into how Baffinland's Nunavut-based iron ore project will effect the surrounding area.