October 5, 2011 Steel, iron ore prices likely to soften as demand destruction in China takes hold John Garnaut identifies a disturbing trend for iron ore exporters, with Chinese steel prices falling and iron ore prices expected to follow, he writes in the Sydney Morning Herald. Garnaut…
October 5, 2011 Rex Minerals strikes high grade copper at Hillside in South Australia Rex Minerals (ASX:RXM) has further identified extensions at its 100%-owned Hillside Copper Project on the Yorke Peninsula in South Australia, including high‐grade intersections on the recently tested Leprena structure at…
October 5, 2011 Union outrage at New Hope Coal Mining unions claim New Hope Coal told employees there was “no money left” for pay raises, and there will only be wage cuts. These claims come a fortnight after New…
October 5, 2011 Apprentices ditch training for highly paid mine jobs The WA Government has urged apprentices to stick with their training after new figures indicating four out of ten drop out. At some major training providers up to half of…
October 5, 2011 Australian Mines signs Mt Martin gold mine sale Australian Mines Ltd announced a binding Tenement Purchase Agreement has now been executed for the acquisition of the Mt Martin Gold Mine and its associated leases by HBJ Minerals Pty…
October 4, 2011 Hanlong buys Sundance for US1.57B A Chinese company has made another bid to secure iron ore and other metals beyond its borders. On Tuesday Hanlong Mining said it will buy Perth-based Sundance Resources for US$1.57…
October 4, 2011 Northeast central Australia has potential as new base metals province An area to the northeast of Alice Springs has the potential to emerge as the Northern Territory's newest nickel, copper and gold province, according to an explorer active in the…
October 4, 2011 Karara iron ore tailings partnership delivers multiple benefits An innovative approach to design options for tailings thickening at Karara Iron Ore Project in Western Australia has resulted in lower overall cost, reduced thickener sizes and minimized site construction…
October 3, 2011 Wesfarmers slashes coal price but experts see no reason to panic The price of coking coal is likely to remain buoyant despite a recent price cut by Wesfarmers and softening Chinese demand for steelmaking inputs. Wesfarmers, an Australian conglomerate based in…
October 3, 2011 BHP bets on China’s demand BHP Billiton is close to kicking off spending on its huge Port Hedland capacity expansion, as it bets China's steel mills will remain hungry enough to consume up to an…
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