May 22, 2012

Australians fear Canadian gold company will shut historic mines

Australian Stawell Gold Mines will be closed within two years, despite Canadian company Crocodile Gold spending more than $100 million buying it.

May 22, 2012

Australian Crusader Resources to invest $400 million in Brazil gold mine

Australian company Crusader Resources Ltd. will invest $400 million in a gold mining project located in the Currais Novos region in Brazil’s north-eastern state of Rio Grande do Norte. The…

May 22, 2012

BHP Billiton to restart manganese operations in Tasmania by the end of August

BHP Billiton (NYSE:BHP) surprised the market this morning with good news by announcing it will restart its TEMCO manganese operations in Tasmania by the end of August.

May 22, 2012

Rio Tinto donates $12 million biggest pink diamond to a museum

London-based diversified miner Rio Tinto (LON & NYSE:RIO) is donating the biggest pink rough diamond ever discovered, found earlier this year at its Argyle mine, to an Australian museum in…

May 21, 2012

Hard coal landing: Australia scraps $9 billion port expansion

The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably…

May 21, 2012

Billionaire battle: Property tycoon says Rinehart is bilking him out of iron royalties

Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises…

May 21, 2012

Iron ore hits six-month low as China just says no

Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.

May 20, 2012

Vale losing iron ore marketshare to Rio, BHP

Stricter environmental rules on new mining projects, combined with soaring labour costs, are making Vale SA, the world's leading iron ore exporter, less competitive against Australian rivals Rio Tinto and…

May 20, 2012

Rio Tinto seeks OK for W. Australia iron-ore mine

Rio Tinto PLC RIO -2.50% has unveiled its latest iron ore mine development plans to start the construction next year of its Turee Syncline project in Western Australia, according to…

May 20, 2012

BHP’s Australia coal miners returning to picket line

Workers at Australia's Bowen Basin coal mines, owned jointly by BHP Billiton and Mitsubishi, have once again given strike notice.