October 25, 2011

FairStar to spend $300 million to build mining operations at its Steeple Hill iron ore project

FairStar Resources (ASX:FAS) will spend $300 million to build a a mining operation at its Steeple Hill iron ore project in Western Australia. The company, which made the announcement on…

October 25, 2011

Guildford Coal unveils 925.9 million tonne maiden coal Resource in Galilee Basin

Guildford Coal (ASX: GUF) has reinforced the significant scale potential of the Hughenden Project, delivering a maiden Inferred Resource of 925.8 million tonnes of thermal coal within nine seams in…

October 24, 2011

Peabody, Arcelor willing to pay more for Macarthur even as coking coal heads to $240/tonne

Stock in US coal giant Peabody Energy and India's ArcelorMittal surged on Monday after their joint bidding vehicle secured a 59.85% stake in Australian metallurgical-coal miner Macarthur Coal and raised…

October 24, 2011

Aquila Resources – Washpool Hard Coking Coal Project Rail Transport Agreement

Aquila Resources Limited (ASX:AQA "the Company" or "Aquila") is pleased to announce that its wholly owned subsidiary, Washpool Coal Pty Ltd ("Washpool") has signed a Rail Transportation Agreement with QR…

October 24, 2011

Alacer Gold operations not harmed by Turkish earthquake

Alacer Gold (TSE:ASR) reports no injuries or damage occurred at the Çöpler Gold Project after a 7.2 magnitude earthquake struck the southern part of Turkey. Over 200 people are confirmed…

October 24, 2011

Mine services company Sedgman wins Queensland Minerals and Energy Export Award

Sedgman has won the 2011 Premier of Queensland Export Award in the Minerals and Energy category. This follows on from 2010 wins at both Queensland and National export awards, in…

October 23, 2011

Cancer therapy using iron ore

Helicon Group, an Australian medical company, will spend $3 million to develop a cancer therapy that relies on magnets and iron ore. Nanoparticles of iron ore are injected into a…

October 23, 2011

Barnett keen to foster mining fraternity

October 23, 2011

Miners reject local content rules

AUSTRALIA'S miners continue to reject calls for reforms to mandate local content requirements, arguing that the sector already supports domestic manufacturing at a high rate. Gindalbie Metals, which is developing…

October 23, 2011

New taxes unlikely to slow investment

Source: The Australian THE introduction of new taxes and concerns about the global economic outlook will not slow mining investment in Australia, forecast to reach $80 billion a year by…