September 28, 2011

Rio Tinto funding Kakapo recovery

Commercial company Rio Tinto Alcan is to continue its funding contributions towards a Kakapo recovery programme. Since 1990 the firm's contributed over $4.7 million to a Department of Conservation partnership…

September 28, 2011

Australian Greens want gold companies included in tax

Australia’s Green Party wants gold companies to be subject to the country’s proposed Mineral Resource Rent Tax (MRRT), Xinhua reports. The tax, […]

September 28, 2011

Sandvik Mining and Construction signs major project order in Australia

Sandvik Mining and Construction has signed a major contract with Boral Limited, an international Building and Construction materials supplier inAustralia. The order includes design, supply, installation and commissioning of a…

September 28, 2011

Paladin Energy Ltd successfully completes A$68.2m/C$69.2M institutional placement of shares

Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") has completed the bookbuild for a private placement to institutional and accredited investors of 56.9M ordinary shares (representing 7.3% of Paladin's existing…

September 28, 2011

Yancoal in $293m deal for Australian mine

Conglomorate Wesfarmers said Wednesday it will sell Premier Coal to Yancoal for Aus$296.8 million (US$293 million) in the Chinese parent firm's first major buy in Australia in two years.

September 28, 2011

Downgrade: Wesfarmers cuts coal sales guidance

WESFARMERS Ltd says heavy rainfall during the April quarter at its Curragh metallurgical coal mine in Queensland has hampered recovery efforts, forcing the company to downgrade sales guidance. Wesfarmers told…

September 27, 2011

Rio Tinto pays Can$73 million for 49% of Ivanhoe Mines

Rio Tinto announced on Tuesday that it paid Can$73 million for 49% of Ivanhoe Mines. Rio Tinto acquired an additional 3,700,000 common shares in Ivanhoe Mines Ltd. through a wholly-owned…

September 27, 2011

North Atlantic Potash and Rio Tinto announce joint venture on potash development

North Atlantic Potash Inc., the Canadian subsidiary of JSC Acron, and Rio Tinto today signed a joint venture agreement on potash exploration opportunities and possible mine construction. The agreement relates…

September 27, 2011

BRIEF-North Atlantic Potash and Rio Tinto form joint venture on potash development

Sept 27 (Reuters) - North Atlantic Potash: * North Atlantic potash and Rio Tinto announce joint venture on potash development * North Atlantic potash-agreement relates to its potash permit holdings…

September 26, 2011

Australia coal industry says tax compensation would only delay mine closures by a year

The Blue Mountains Gazette reports the Australian Coal Association says $1.3 billion in proposed government compensation would delay by only one year the premature closure of four of the 21…