Fortescue Metals averts disaster with $4.5 bln credit facility
Australian iron ore stalwart Fortescue Metals Group (ASX:FMG) has managed to avert its debt woes by obtaining a fresh USD$4.5 billion credit facility.
Latest Stories
BHP boss tops list of Australia’s best-paid CEO’s yet reported earnings fail to tell the full story
BHP Billiton (ASX:BHP) head Marius Kloppers has topped a recent list of Australia's best-paid corporate bosses for 2011 yet inadequacies in reporting requirements means much CEO income remains undisclosed.
Iron ore rebound continues
Iron ore has been under pressure this quarter as China's steel industry struggles with rising inventories, overcapacity and overproduction.
Fracking fluid fit for human consumption in five years
The fluids used in the fracking process to release hard-of-access underground oil and gas deposits could soon be safe enough for human consumption.
Gabriel Resources officially a smallcap as investors hack off another 12%
Gabriel Resources, advancing the Rosia Montana gold project in Romania, lost 12% of its market value Monday with more than 3 million shares changing hands – six times the usual volumes. Losses for the year now top 70%.
Microorganisms as new “Mining Equipment”? – Research Project
Mining Australia reports, that after Vale already cooperates with the University of São Paulo to find out more about ‘copper eating’ bacteria, […]
Vancouver gold junior hammered after delaying Mexico environment review
Stock in Goldgroup Mining lost 13% in value on Monday after the company announced it has deferred the evaluation of the EIA for its Caballo Blanco project in Mexico.
Vale stock gains as Carajas work restarts
Vale (NYSE:VALE) won a court order on Friday that allows the company to resume work to double railway capacity as part its massive Carajas expansion project.
Silvercorp shares down on police probe
A strong run-up in Vancouver-based Silvercorp's stock came to a halt on Monday.
