May 2, 2012

New watchwords at BHP: sequencing, discipline, cash flow

BHP Billiton addressed shareholder concerns about its ambitious investment plans in four mega-projects on Wednesday saying it will match capital expenditures closely with cash flows and stagger the project pipeline.

May 2, 2012

Malaysia rejects Lynas lawsuit against opponents of its rare earth project

The High Court of Malaysia today rejected Australian miner Lynas Corp’s (ASX:LYC) application for an injunction against pressure groups that oppose the company’s rare earth plant (LAMP), informs The Malaysian…

May 1, 2012

Rio Tinto hopes to finalise alumina plant sale by September

The transnational miner said Tuesday it hopes to complete the sale of four alumina plants in France and Germany by the end of September

May 1, 2012

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

May 1, 2012

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process…

April 30, 2012

Rio Tinto should fill its 6,000 vacancies with Australians: Government

Australia's Federal Skills Minister, Chris Evans, said Rio Tinto (LON and NYSE: RIO) should focus on local workers when filling its 6,000 mining jobs, in what is considered the largest…

April 30, 2012

Veteran broker accuses BHP Billiton of destroying own wealth with bad decisions

From aborted takeover attempts for Rio Tinto and Potash Corp and what is seen as a disastrous successful one for Petrohawk, BHP Billiton is accused of making many bad decisions…

April 30, 2012

Iron ore billionaire plans to rebuild the Titanic and run against Deputy Prime Minister

Clive Palmer, who made his fortune through securing access to 160 billion tonnes of iron ore reserves in the Pilbara Ranges, plans to rebuild the Titanic and contest the seat…

April 29, 2012

New high-grade uranium mine granted 10-year lease

Alliance Resources and Quasar Resources, joint venture partners in a South Australia uranium mine, have been granted a 10-year mining lease on the property located 550 kms north of Adelaide.

April 29, 2012

Mutiny Gold discovers Deflector extension after high grade gold strikes

Mutiny Gold ( ASX: MYG ) has discovered additional high grade near surface gold at the Deflector Gold Deposit in Western Australia, which importantly delivers another positive for the economics…