July 16, 2012

The mining boom in Australia is over, or is it?

This was the year for Australia’s mining boom Martin Ferguson hinted on Monday. The Resources Minister highlighted the end of the high commodity prices era that will force the country’s…

July 16, 2012

Australia’s mining success places Great Barrier Reef in peril

The unprecedented success of Australia's mining sector, which enabled the country to successfully weather the financial crisis and has triggered a surge in the Aussie dollar, may have caused irreparable…

July 16, 2012

Tinkler pursues Whitehaven Coal bid in wake of share plunge

Former electrician turned mining tycoon Nathan Tinkler has issued a further bid for the remainder of Australia's Whitehaven Coal Ltd., following a 17% plunge in the company's shares since Tinkler's…

July 16, 2012

China’s Zijin Mining obtains regulatory approval for Norton Gold takeover

Zijin Mining Group (HK:2899), China’s largest gold producer, announced on Friday that its bid for Australia’s Norton Gold Fields Limited (ASX:NGF) had successfully obtained approval from Australian regulators.

July 16, 2012

Glencore obtains government go-ahead for $6.1 billion Viterra bid

Swiss commodity supplier Glencore International obtained approval from the Canadian federal government on Sunday for its application to buy up Canadian agribusiness titan Viterra Inc., bringing the $6.1 billion deal…

July 15, 2012

BHP Billiton exits Guinea

Sunday Times reports (paywall) that BHP Billiton, which is shedding its non-core operations, is looking for a buyer for its Mount Nimba iron ore project in Guinea.

July 15, 2012

Yallourn coal mine flood worsens

NEARLY six weeks after being flooded by the collapse of an artificial river bank, one of Australia's largest open cut coal mines continues to fill with water, limiting the operation…

July 14, 2012

China wants to buy iron ore from a wider pool of sellers

China plans to diversify iron ore imports and increase the ratio from independent miners to 50%, according to comments made Wang Xiaoqi, vice-chairman of the China Iron and Steel Association.

July 13, 2012

Egyptian billionaire pays $492 million for La Mancha Resources

Naguib Sawiris,an Egyptian mobile phone entrepreneur, is paying $492 million for gold miner La Mancha Resources (TSE:LMA).

July 13, 2012

La Mancha reaches definitive agreement to be acquired by Weather II at a price of $3.50 per share

La Mancha Resources announced today that it has entered into an agreement with Weather Investments II to purchase all outstanding common shares of La Mancha by way of a take-over…