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 12, 2012 Discovery Metals rejects $830 million bid from Shanghai PE firm Africa-focused copper miner Discovery Metals (ASX:DML) has rejected a bid from Shanghai's Cathay Fortune on the grounds that the proposed AUD$830 million consideration is insufficient.
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 Western Australia a step closer to green-lighting uranium mine The Western Australian government has issued a key approval for Toro Energy's Wiluna uranium project, bringing the proposed mine a large margin nearer to completion.
October 10, 2012 Argyle pink diamonds to run out inside a decade Production at Rio Tinto's (ASX:RIO) Argyle mine in Western Australia's Kimberley region will soon come to an end as its rare deposits of pink diamonds approach exhaustion.
October 10, 2012 Xstrata begins coal job cuts in Australia Xstrata Coal (LON:XTA) began to reduce its workforce across its Australian coal operations by firing its first 40 permanent employees out of the 600 announced cuts.
October 10, 2012 Tenders for coal, oil and gas rights trigger the ire of Queensland miners The Queensland government's decision to auction licenses for oil, coal and gas exploration has triggered widespread complaint within the mining sector of the Australian tropical state.
Iamgold’s Lemelin thanks mentor for Africa option Bruno Lemelin recalls his first Iamgold boss urging him to join Essakane in Burkina Faso as regional politics began to unravel. December 26, 2025 | 05:00 am
