April 18, 2012

Ivanhoe Australia: Scoping study shows 2.4B pounds copper, 2.2M ounces gold at Mount Elliott

Ivanhoe Australia Limited (ASX:IVA), a separate company from $10-billion market cap Ivanhoe Mines but sharing CEO Robert Friedland, had an up-day in […]

April 18, 2012

GVK looking to offload stake in Australia’s Hancock Coal mines

GVK group is looking to sell part of its stake in Hancock coal mines in Australia to raise funds for development of the Australian assets that require an investment of…

April 18, 2012

Australian miners seek business opportunities in Colombia

The mining boom that Colombia is experiencing has driven a group of Australian firms to visit the South American country and explore what the country has to offer in terms…

April 18, 2012

Legendary mining financier Robert Friedland quits Ivanhoe in Rio Tinto shake-up

Anglo-Australian mining giant Rio Tinto tightened its grip on Ivanhoe Mines as part of a $3.3 billion financing deal announced this morning, leading to the resignation of chief executive and…

April 18, 2012

Lynas putting Malaysian opposition to its operations behind it: analysts

Australian analysts from Foster Stockbroking say confidence in rare earths miner Lynas Corporation (ASX:LYC) is returning after the Malaysian High Court dismissed an appeal against the company's Advanced Materials Plant…

April 18, 2012

Strikes and bad weather hammer BHP’s production

Heavy rains and a prolonged strike at its Queensland coal mines have taken their toll on the world's biggest miner.

April 17, 2012

Rio blames output drop on weather

Production of Rio Tinto’s prime commodities has slipped in the first three months of 2012, compared to the previous period.

April 17, 2012

IMF forecast gets more upbeat

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.

April 17, 2012

$4bn subsidy for Australian mine sector

The federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and…

April 17, 2012

BHP Billiton to start work on its Port Hedland outer harbour this week

BHP Billiton will begin working on its ambitious Port Hedland outer harbour project this Friday, the first step of Western Australia’s biggest dredging plan, which it will cost the miner…