August 26, 2012

A pity prosperity depends on mining

Reducing mining investment is not collateral damage from the carbon tax: it is integral to achieving its objective of shrinking the carbon […]

August 26, 2012

Iron Ore-Slump extends; ore below $100, Shanghai rebar at record low

Shanghai steel futures stretched their losing streak to a 10th day on Friday, hitting a record low and giving steel producers more […]

August 25, 2012

The toll from mining tin

BusinessWeek profile the horrific conditions in Indonesian tin mines, where largely destitute miners extract ore with shovels and picks.

August 24, 2012

Rinehart’s $6.4 billion coal mine project gets the green light

Environmentalists such as Greenpeace have condemned the mine's approval as claiming, it will mean an unacceptable rise in vessels passing the Great Barrier Reef, impacting air quality and native flora…

August 24, 2012

BHP chews over ways to expand iron ore production in Australia

The world's number one miner, BHP Billiton, wants to leave the news of its first decrease in annual profit in three years behind by focusing on finding the most lucrative…

August 24, 2012

Australian resource minister declares mining boom over, then backtracks

Less than 24 hours after Australia's minister for resources and energy declared that the country's mining boom had come to an end, he appeared saying he was misinterpreted, and that…

August 22, 2012

BHP ditches Olympic Dam as profit tumbles

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries…

August 21, 2012

Two massive diamonds in Angola dazzle investors and brighten up local industry

The Australian diamond company Lonrho Mining dazzled investors Tuesday as the company confirmed the finding of two huge diamonds from the Lulo project, in northeastern Angola.

August 20, 2012

Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion

Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects…

August 15, 2012

Faith in BHP’s Outer Harbour fading fast

New doubts have emerged over world number one miner BHP Billiton's (LON/ASX/NYSE:BHP) $20 billion outer-harbour project at Port Hedland, Australia, with big names such as JPMorgan and Deutsche Bank saying…