August 29, 2012

Iron ore freefall catches miners

Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity,…

August 29, 2012

Finances keep new gold mine in Australia on hold

Cautious investors could stall a major underground gold mine east of Canberra, which will cost more than A$77 million to build.

August 29, 2012

Anglo American sheds workers as coal prices plummet

London-based Anglo American (LSE:AAL) has joined an expanding list of coal producers making staff cuts at specific Australian operations, after it announced it will cut at least 50 jobs when…

August 29, 2012

Alcyone: SE Queensland Mine Contains 23Moz Silver

Alcyone Resources Limited (ASX: AYN) announced an increase in silver resources from its Texas Silver & Polymetallic Project in SE Queensland to over 23 million ounces, following a 35%t increase…

August 29, 2012

Newcrest restarts Lihir mine

Gold producer Newcrest Mining (ASX:NCM) resumed its operations at the Lihir project, in Papua New Guinea, following the resolution of a dispute lodged by the Lihir Mining Area Landowners Association…

August 29, 2012

China slows overseas investments during leadership transition

MMG (HSX:1208) CEO Andrew Michelmore says China's leadership transition later this year could put the brakes on overseas investment due to impeded decision-making by China's policy-making elite.

August 28, 2012

Land fight forces Newcrest to shut Lihir gold mine

Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from…

August 28, 2012

Two men killed on Origin Energy offshore rig

Two men have died in an accident on an offshore gas rig operated by Origin Energy(ASX:ORG) in Australia's Bass Strait.

August 28, 2012

China’s push for end to Aussie iron ore boom

Jeffrey Wilson of Murdoch University's Asia Research Centre examines China's pivotal role in the boom and possible bust of Australia's iron ore sector.

August 27, 2012

Nathan Tinkler loses $4.2 million a day on Whitehaven Coal: report

Australian electrician turned mining magnate Nathan Tinkler is reportedly losing $4.2 million a day on his stake in Whitehaven Coal (ASX:WHC), the country’s largest independent coal producer by market value.