April 24, 2012

Australian miners face depression and anxiety

Australian health professionals say depression, anxiety, and stress are hidden in workers on most mines and companies should spend more on protecting mental health.

April 24, 2012

When $18 billion is not enough. Rinehart sues Rio Tinto for more iron royalties

Billionaire Australian Gina Rinehart, is taking Rio Tinto to court, demanding the world's third largest miner pay her 2.5% of the income streams from iron ore production at the Channar…

April 23, 2012

$30 billion Olympic Dam now even bigger

World number one miner BHP Billiton on Monday bought five additional exploration plots near its giant Olympic Dam mine and expansion project, destined to become the world's largest open pit.

April 23, 2012

South Korean group exits $324 million deal with Cockatoo Coal

A South Korean conglomerate has cited global economic uncertain as a key reason for pulling out of a US$324 million deal with Australia-based Cockatoo Coal.

April 23, 2012

Gold: the asset that keeps defying the pundits

There is not an analyst on the face of the earth who can accurately value gold. As Warren Buffett likes to publicly declare, gold is not a productive asset because…

April 22, 2012

Five billion dollar loss expected at BHP Billiton after shale gas misplays

Sunday Times (paywall) reports that collapsing natural gas prices will probably cost mining giant BHP Billiton upwards of $5 billion in writedowns.

April 21, 2012

Policy maker behind Indonesia’s 25-percent mining tax dies while mountain climbing

The key policy maker behind a drive to impose a 25% tax on Indonesia's mining exports passed away unexpectedly on Saturday.

April 20, 2012

All aboard the Chinese iron express: BHP joins Rio Tinto and Vale in new trading platform

Diversified miner BHP Billiton (NYSE:RIO) today became the third iron giant to join the new China Beijing Metals Exchange (CBMX), only a few days after competitors Vale (NYSE:VALE) and Rio…

April 20, 2012

Two more sites for Fiji bauxite mining

Villagers of Nawailevu in Bua have benefitted from the bauxite mining which is planned for two more districts in Bua.

April 19, 2012

Brazil’s aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.