July 26, 2012

Newmont sees earnings dive on dismal output

Newmont Mining's (NEM) second quarter earnings plunged 28% compared to the same period last year on reduced gold and copper output.

July 26, 2012

Ex convicts to fill out job vacancies at Billiton’s Olympic Dam

While the Australian government has started allowing miners to hire foreign workers to ease a labour shortage in the country, some companies such as BHP Billiton and Rio Tinto have…

July 26, 2012

Arrested Australian warns of Indonesian business perils

An Australian mining businessman facing the prospect of five years in an Indonesian prison has warned others of the perils of doing business in the South-east Asian giant, saying he…

July 25, 2012

Miners buying existing projects rather than starting their own: study

Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global…

July 25, 2012

Atlas Iron on track to double production by end of 2013

Western Austalia's Atlas Iron Limited (ASX:AGO) increased shipments by 25% in the second quarter and is well on its way to doubling production by the end of 2012.

July 25, 2012

Rinehart would pass government test for media ownership

Mining magnate Gina Rinehart would pass a proposed public interest test for ownership of media outlets according to the Australia government's Communications Minister Stephen Conroy.

July 25, 2012

Northern Iron surges as Indians fatten offer

Shares in Australia's Northern Iron (ASX:NFE) surged by around 38% in Tuesday trading, on news that India's Aditya Birla Group had increased its takeover offer by 4%, bringing the bid…

July 24, 2012

Australia sees mass exodus of drillers to Africa

Australia's drilling industry is in the doldrums following a large-scale exodus of companies to Africa in pursuit of surveying projects.

July 24, 2012

Alacer announces 6% increase in gold production to 106,226 ounces for second quarter

The release, which shows mine production results for operations in Turkey and Australia, come ahead of financial statements which are planned for August 14, 2012.

July 24, 2012

Intrepid Mining plunges 55% on shadowy Indonesian ouster

Australia's Intrepid Mining (ASX:IAU) has seen its share price plunge after being summarily booted from a key copper project in Indonesia by powerful local business interests.