December 1, 2011

BHP Billiton strategy: get big or get out

BHP Billiton’s avowed strategy is to only pursue enormous Tier 1 investment opportunities such as Pilbara iron ore and Bowen Basin coal. It comes as no surprise then to see…

December 1, 2011

Magnitogorsk’s assets partly frozen in iron-ore dispute

OAO Magnitogorsk Iron & Steel, controlled by billionaire Victor Rashnikov, had some of its Australian assets including a stake in Fortescue Metals Group, frozen under a court order sought by…

December 1, 2011

Lynas protests spread to Sydney

A small group of protestors converged on Lynas Corporation’s annual general meeting in Sydney yesterday in opposition to the company’s rare earth refinery in Malaysia.

November 30, 2011

Weather risk looms in Queensland coal country

Remember those pictures and videos of cars and trucks bobbing down a surging river in Brisbane? It could happen again. Business Standard reports that severe weather could be on its…

November 30, 2011

Australian gold producer BCD Resources closing its Beaconsfield underground gold mine next year

Australian gold producer, BCD Resources has announced that it will close its Beaconsfield underground gold mine next year as today's gold price it is not viable to mine below the…

November 29, 2011

Australian mining investments reach historic record

Australia's total investment in mining industry soared by a third in the past six months to a record $231.8 billion, according to the Bureau of Resources and Energy Economics latest…

November 29, 2011

Farmer’s legal battle against coal company intensifies

Australian landowner Ian Moore has taken to court his battle against coal company NuCoal, which wants access to drill three boreholes on his property north of Sydney for its proposed…

November 29, 2011

Queensland communities statewide to be resource winners

Communities around the Australian state of Queensland will provide the many thousands of new employees needed to service Queensland's resource sector expansion out to 2020, according to a QRC Growth…

November 28, 2011

BHP expects China’s steel output to hold at below-average levels

Global miner, BHP Billiton, expects steel output in China to continue at current rates, below historical highs, for some time. "When we talk to our Chinese customers there is not…

November 27, 2011

Copper mine a boost for Cloncurry

Gold Coast copper explorer Cudeco will begin mining at its Rocklands project by early to mid 2013 after mining leases were last week approved by the State Government. The project…