November 9, 2012

Mitsubishi’s $6.7 billion Oakajee project scuppered by costs blowout and Chinese demurral

Mitsubishi's AUD$6.7 billion Oakajee port and rail project in Western Australia has been put on hold as the company cuts costs in the face of adverse economic conditions and struggles…

November 8, 2012

‘Mini gold rush’ hits Victoria

A "mini gold rush" of amateur prospectors has hit the Australian state of Victoria, with families and retirees from state capital Melbourne traveling to Bendigo in the hopes of striking…

November 8, 2012

Australian miners find new ways of getting buzzed

Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from…

November 8, 2012

Lynas wins battle against activists, gears up to start rare earths production in Malaysia

Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental…

November 8, 2012

Iron ore port to become popular cruise tour destination

The mining town of Port Hedland in Western Australia's mineral rich Pilbara has ambitions to become a leading destination for cruise ship tours.

November 8, 2012

Diamonds made from cremated Australian stolen while en route to grieving parents

A pair of diamonds made from the cremated ashes of a deceased Australian man have been stolen while en route to his grieving parents.

November 7, 2012

Paladin Energy to cut costs by $80 million

Uranium miner Paladin Energy (TSX:PDN)(ASX:PDN) is targeting up to $80 million in cost reductions over the next two years and putting a freeze on development as the price for uranium…

November 7, 2012

BHP on the search for Kloppers’ successor

The world's biggest mining company has announced that it has embarked upon the search for a successor to Marius Kloppers as the South African approaches his sixth year as BHP's…

November 6, 2012

Uranium One drops to year-low after suffering net loss

The $1.88 billion miner lost $62 million during the quarter as uranium prices continue to drift lower.

November 6, 2012

Australia tries rescuing Rio Tinto’s aluminum operations

Australia’s federal government has agreed to back the construction of a proposed gas pipeline to supply Rio Tinto’s (LON, ASX:RIO) struggling Gove aluminum operations in the country’s Northern Territory.