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.
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…
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