June 8, 2012

Minerals Council of Australia accuses unions of racism

The Minerals Council of Australia (MCA) has condemned unions, saying they are running a nonsensical "race-based" campaign.

June 8, 2012

Mandalay Resources secures US$20 million revolving credit facility and repays in full existing loan facility

Having recently paid the Sprott loan of $10 million in full, Mandalay resources is now essentially debt free thanks to great second quarter results.

June 8, 2012

Anglo American’s $1.7 billion Grosvenor coal mine given state go-ahead

The London-based diversified miner wants to triple production of met coal in Australia over the next 8 years.

June 7, 2012

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

June 7, 2012

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

June 6, 2012

Round two: Queensland coal mine vs Great Barrier Reef

A delegation from the Australian state of Queensland will meet federal environment minister Tony Burke on Thursday to hammer out a deal on a massive coal project led by India's…

June 6, 2012

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

June 5, 2012

Huge setback for Rinehart and Reddy empires

Australian environment minister Tony Burke decided on Tuesday to "stop the clock" on Hancock Prospecting and GVK's Alpha coal project despite approval from the state of Queensland given last week.

June 5, 2012

Lion One Metals Limited: drilling commences at Tuvatu Gold project, Fiji

The project is expected to run for three months and consists of a combination of infill and step out holes, totaling 5,000 meters of diamond drilling near Nadi on the…

June 4, 2012

Australia chooses mining terminal over coral reef

Australia’s Queensland government has snubbed a United Nations report demanding Australia act to protect the Great Barrier Reef.