September 21, 2012

Xstrata gets an extra week to decide on Glencore merger

Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.

September 21, 2012

China’s 2nd biggest gold miner pursues Australia’s Focus as domestic demand augments

China's Shandong Gold Group has agreed to purchase 51% of Australian gold miner Focus Metals (ASX:FML) as Chinese appetite for the precious metal intensifies.

September 21, 2012

Aussie resource sector job cuts continue with Rio’s retrenchments at Clermont

Rio Tinto (ASX:RIO) continues the recent spate of mining sector retrenchments with job cuts at its Clermont thermal coal mine in Australia's north-east.

September 21, 2012

Pilbara mining towns saddled with booze ban

Mining towns in Western Australia's Pilbara region have been hit with stringent new liquor laws due to surging rates of disorderly conduct.

September 20, 2012

BHP ditches another three coal projects

BHP Billiton has added three new names to its growing list of shelved coal mine projects as it defers its Red Hill and Saraji East coal projects.

September 20, 2012

How depressing is Australia’s official 2013 iron ore and coking coal chart

Australia's Bureau of Resources and Energy Economics don't buy recent iron ore and coking coal rallies.

September 19, 2012

Greenland – The next mining destination

Greenland could become the next global mining frontier, as global warming uncovers precious metals from glacial surroundings, states new research by natural resources experts GlobalData, a UK-based global business intelligence…

September 18, 2012

Rio Tinto cuts more jobs at coal operations

Mining giant Rio Tinto has announced more job cuts across its coal mines in Queensland as the state raises its royalty rates.

September 18, 2012

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.

September 18, 2012

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.