Tailings leak under control, scientist (0) March 17, 2009 Acting Supervising Scientist Dr David Jones has told MINING DAILY that there has been no breach of Ranger Uranium Mine’s environmental operating conditions, despite recent concerns that water leaking from ...
Shareholder concerns over Chinalco (0) March 17, 2009 A major Rio Tinto shareholder has gone public with its disquiet over the proposed Chinalco deal, saying it holds fears of the Chinese State-owned corporation having too much input into ...
Zircon producer reports record losses (0) March 17, 2009 Australian Zircon has reported losses of more than $16 m in its half year results as the company ramps up production at its flagship mineral sands project in South Australia. ...
Clancy claims tenements in strategic move (0) March 17, 2009 Clancy Exploration has acquired several A-Class tenements in the Lachlan Fold Belt to position the company as a significant player in the NSW mining sector.
Minmetals best for OZ, Chairman (0) March 17, 2009 OZ Minerals chairman Barry Cusack has directly addressed the company’s shareholders for the first time since September last year, telling them why Chinese company Minmentals’ $2.6 billion takeover bid is ...
Good as gold (0) March 16, 2009 Analytical methods developed by the CSIRO have helped New South Wales’ Cowal Gold Mine meet its stringent environmental conditions and become the first mine in Australia to comply with the ...
A vote for school science (0) March 16, 2009 The Australian Labour Party has launched a science education package in the lead up to the Queensland election later this month.
Delay on Rio/Chinalco review (0) March 16, 2009 The Foreign Investment Review Board (FIRB) is expected to take a further 90 days to evaluate Chinalco’s proposed $30 billion deal with Rio Tinto.
Berth-day in WA (0) March 16, 2009 A new multi-user bulk minerals export berth at Utah Point in WA’s Port Hedland Inner Harbour sends a positive message that the State is well positioned to weather the current ...
Skilled migration cut (0) March 16, 2009 The Rudd Government will cut the 2008-09 permanent skilled migration program by 14% to protect local jobs while ensuring employers can access skilled professionals in industries still experiencing skills shortages.
Arrow aims at Chinese gas reserves (0) March 16, 2009 Arrow Energy International has claimed majority ownership of a leading coal-seam methane project in China after agreeing to a farm-in agreement with Far East Energy.
Concerns over Uranium mine water leak (0) March 16, 2009 MINING DAILY is investigating recent reports that contaminated water has been leaking from the Ranger Uranium Mine. About 100,000 litres of contaminated water is said to be seeping from a ...
Foreign capital vital for Australian mining (0) March 16, 2009 An Ernst & Young report, released today, predicts the economic crisis will push global investors to purchase mining assets and mineral resources ranging from $3.08 m to $15.38 m in ...
Delay in policies needed, AMMA (0) March 13, 2009 The Federal Government needs to reassess numerous policies, including delaying the introduction of its emissions trading scheme, while it reacts to rising unemployment figures, Australian Mines and Metals Association (AMMA) ...
Exploration numbers out (0) March 13, 2009 The December quarter fall in Australian minerals exploration is set to continue for the foreseeable future, Australian Bureau of Statistics (ABS) researcher told MINING DAILY.
Gold could go to $1,200, Newmont (0) March 13, 2009 Newmont Mining Corp chief executive Richard O’Brien recently told the Reuters Global Mining and Steel Summit that he sees gold trading in a range between $900 and $1,200 per ounce ...
A Galaxy of opportunities (0) March 13, 2009 Galaxy Resources Limited has announced that it is on track to commission the Mt Cattlin Lithium Tantalum project by Q3 2010.
Uranium farm-out (0) March 13, 2009 Adelaide-based uranium explorer Uranium Equities has signed an agreement with the world’s second largest metals and mining company to farm-out up to 80% of its Headwaters uranium project in the ...
Greens motion to block Chinalco deal defeated (0) March 13, 2009 The Greens motion to the Federal Government to block the $30 billion deal between Rio Tinto and the Chinese state-owned company Chinalco was defeated in the Senate yesterday.
CBH fights for rehab funds (0) March 13, 2009 It appears unlikely the New South Wales Government will allow the operators of the Endeavor Mine at Cobar to access funds set aside for rehabilitation.
Hunter in good position, Deloitte (0) March 13, 2009 The Hunter Valley in New South Wales may bypass the worst effects of the global financial crisis, Deloitte partner Tim Riordan told MINING DAILY.
Low-down on safety (0) March 12, 2009 A system of compact and powerful high-pressure (700 bar) Enerpac RR series hydraulic cylinders operating upside down has been used successfully to position large condensate storage tanks for Eni Australia ...
Employers hold the line (0) March 12, 2009 The latest Manpower Employment Outlook Survey shows diminished prospects for job seekers in the Mining and Construction sector as employers put off hiring new employees until economic conditions improve.
Olympic to expand despite cuts (0) March 12, 2009 BHP Billiton’s planned expansion of its Olympic Dam project will still go ahead despite the announcement that 85 if its jobs have been slashed, South Australian Mineral Resources Minister Paul ...
Downturn worrying for explorers (0) March 12, 2009 The Queensland Resource Council has urged federal and state governments to respond decisively to a substantial fall in expected mineral exploration activity reported by the Australian Bureau of Statistics.
Wonarah project update (0) March 12, 2009 Phosphate hopeful Minemakers Ltd has started marketing its product and lodged a notice of intent for mining at its Wonarah project in the Northern Territory.
CPRS consequences unknown, Hollows (0) March 12, 2009 The Federal Government’s drafted Carbon Pollution Reduction Scheme (CPRS) is too wide ranging and not well thought out, Macarthur Coal’s chief executive officer and managing director Nicole Hollows told MINING ...
White Dam Gold restructure (0) March 11, 2009 Exco and Polymetals Group have agreed on the final structure of the Joint Venture Agreement envisaged by the Heads of Agreement (HOA) entered into on 27 March 2008 in relation ...
Queensland’s global ranking drops (0) March 11, 2009 The global verdict on Queensland is not pretty despite the state’s mineral prospectivity being ranked ninth out of 71 jurisdictions, Queensland Resources Council chief executive Michael Roche said.
Good leadership is essential, Cransberg (0) March 11, 2009 The current economic climate is the ideal time to identify potential new leaders, Alcoa of Australia managing director Alan Cransberg said.
CPRS draft legislation slammed (0) March 11, 2009 The Federal Government’s draft legislation of the Carbon Pollution Reduction Scheme has been slammed by critics who are concerned it will harm the economy without improving the environment.
Rio sells another asset (0) March 11, 2009 Rio Tinto has raised another US$761 million towards its multi-billion dollar debt level by selling a major US coal asset.
Latest ABARE commodity outlook released (0) March 10, 2009 The value of Australian commodity exports is forecast to fall by 17% to $162 billion in 2009-10, according to the latest Australian Bureau of Agriculture and Resource Economics (ABARE) commodity ...
China stimulus package benefits Aussie mines (0) March 10, 2009 China’s $100bn stimulus package will benefit the longterm Australian mining industry and stimulate the nation’s economy, according to a senior trade commissioner.
Queensland opposition will allow uranium mining (0) March 10, 2009 Queensland may allow uranium mining if Opposition Leader Lawrence Springborg defeats Anna Bligh in the upcoming State election.
Tropical storm affects Fortescue output (0) March 10, 2009 A severe tropical storm which swept across the Pilbara in late February has affected mining and processing operations at Fortescue’s Cloudbreak mine in WA.
Floods take toll on QLD miner (0) March 10, 2009 The Receivers and Managers for CopperCo Limited, Gary Doran and David Lombe, from professional services firm Deloitte Touche Tohmatsu, have advised that mining and hauling activities at the Lady Annie ...
Fatality prompts safety alert (0) March 10, 2009 The NSW Department of Primary Industries (DPI) has released a safety alert after a worker was fatally injured in a rock loading operation.
DME calls for emergency steering systems (0) March 9, 2009 THE NSW Department of Mines and Energy (DME) has issued a safety alert urging mines to fit equipment with emergency steering systems after a worker sustained severe injuries in a ...
Court slams dodgy promoters (0) March 9, 2009 The Federal Court in Perth has declared two event promoters were engaged in misleading and deceptive conduct after they falsely claimed high-profile politicians had endorsed their mining expo events, The ...
No guarantee on Chinese growth (0) March 9, 2009 Forecasts that China’s annual economic growth will return to 8% by the end of the year may be too optimistic, Australia Chinese Business Council president Duncan Calder told MINING DAILY.
Underground miner wins Resources Award (0) March 9, 2009 Sandra Collins, a Gladstone woman that fought the legislation preventing women from working in underground coal mines, has won the Resources Award for Women.
Contractor invests in Hunter (0) March 9, 2009 Bilfinger Berger Services has invested $1 million in a power facility expansion, the company’s managing director Mark Elliott told MINING DAILY.
Commit to stable royalties, Roche (0) March 9, 2009 Queensland Resources Council chief executive Michael Roche told MINING DAILY the State Government needs to commit to a stable royalty and tax regime to win over voters at the upcoming ...
Methane air damages LHD vehicles (0) March 9, 2009 THE Department of Mines and Energy (DME) has issued a safety alert after methane-enriched mine air caused severe internal damage to two load haul dump (LHD) vehicles during a longwall ...
HWE Mining awarded $400 million extension (0) March 9, 2009 HWE Mining, a wholly owned subsidiary of Leighton Contractors, has been awarded a five-year contract extension worth approximately A$400 million at the Orebody 23/25 mine near Newman in Western Australia’s ...
Qld royalties may surge (0) March 6, 2009 The Bligh Government has refused to rule out another increase in mining royalties to help fill the $11billion revenue black hole in the State’s budget over the next four years.
Update: ETS (0) March 6, 2009 Kevin Rudd wrongly told Australians that the Emissions Trading Scheme had been delayed yesterday.
NT exports grow $2b (0) March 6, 2009 Data from the Australian Bureau of Statistics shows the Northern Territory’s exports have more than doubled in the last year.
Rio Tinto wins big at awards (0) March 6, 2009 Rio Tinto’s Clermont Mine has been recognised for its efforts to boost the number of female employees in the Queensland Resources Council annual Resources Awards for Women.
Advantage in crisis (0) March 6, 2009 The global economic crisis is an opportunity for Chinese companies to take advantage of bargain prices and further invest in Australian mining and resources companies, a top Chinese steel executive ...
Job cuts may hit copper (0) March 6, 2009 Xstrata Copper’s CEO Steve de Kruijff has warned that job cuts may be on the horizon at its north and west Queensland copper mining operations.
Mining raises safety concerns for road users (0) March 5, 2009 BHP Billiton Illawarra Coal has rejected claims that its longwall mining is endangering the safety of those using the Hume Highway or the main Southern Railway, south-west of Sydney.
Every cloud has its uranium lining (0) March 5, 2009 There has been a lot of doom and gloom reported in the media in recent weeks. Endress + Hauser takes a look at the silver/gold/uranium lining that is lying behind ...
Profit margins still high (0) March 5, 2009 Despite the continuing fall of commodity prices, the profit margins in resources like iron ore are still considerable and will remain so in the future, resource analyst James Wilson told ...
Resources send market higher (0) March 5, 2009 The Australian share market has opened the day stronger on the back of rising mining stocks.
Twiggy upsets the locals (0) March 5, 2009 Fortescue head Andrew ‘Twiggy’ Forrest has upset locals in Port Hedland by preparing to sell off land he had purchased in order to build much needed accommodation for local workers.
Rudd delays emissions trading (0) March 5, 2009 The Federal Government has been forced to delay the emissions trading scheme by up to six months, as the economic crisis bites down.
Exports to fall $35m, ABARE (0) March 4, 2009 ABARE’s commodity forecasts highlight the need for a fundamental re-think of the Federal Government’s proposed emissions trading scheme and workplace relations laws, Minerals Council of Australia chief executive officer Mitchell ...
Austmine postponed (0) March 4, 2009 Austmine 2009 has been postponed indefinitely due to the global financial crisis, Austmine spokesperson Robert Trzebski told MINING DAILY.
Deal has merit, Albanese (0) March 4, 2009 Shareholders who have been reluctant to give the go-ahead to Chinalco’s $30 billion rescue deal with Rio Tinto are beginning to see its merits, Rio CEO Tom Albanese told The ...
Foreign workers may take SA jobs (0) March 4, 2009 The South Australian Government is set to sign an agreement which could see thousands of foreign workers take up jobs in SA mines.
Xstrata chief brings home gold (0) March 4, 2009 Xstrata Copper’s CEO Steve de Kruijff has been awarded the AusIMM (Australasian Institute of Mining and Metallurgy) Jim Torlach Health and Safety Award.
Ease the squeeze (0) March 3, 2009 A new round of job losses in the coal industry is a is an opportunity for the next Queensland State Government to demonstrate how it will reduce the cost squeeze ...
Chinalco president Down Under (0) March 3, 2009 Chinalco’s $30 billion dollar deal with Rio Tinto will not jeopardise Australia’s control over its own natural resources, president Xiong Weiping told reporters in Sydney.
Facility upgrade delivers the goods (0) March 3, 2009 T.W. Woods has completed a multi-million dollar upgrade to its Tomago facility to enhance its services to the coal and ore handling markets.
Anglo Coal cuts staff (0) March 3, 2009 Anglo Coal Australia will cut 650 employees from its operations in the coming weeks.
Chinese investment good for Australia (0) March 2, 2009 The increasing level of Chinese investment has created a heightened level of concern for those in the resources sector, yet the increased investment is not necessarily a bad thing, Deloitte ...
Vehicles collide on mine site (0) March 2, 2009 The Western Australia Department of Mines and Petroleum has released a significant incident report asking all minesites to perform regular documented traffic management audits after a light vehicle operator was ...
Australia signs FTA with NZ (0) March 2, 2009 Australia and New Zealand have signed a Free Trade Agreement, allowing the country’s economic relationship to develop, Minerals Council of Australia chief executive Mitchell Hooke said.
Coffey achieves record profits (0) March 2, 2009 Project management consultancy Coffey International has announced record operating earnings of $32.6 million for the six months ending December, 2008.
Storm in the Pilbara (0) March 2, 2009 A tropical storm hit the Pilbara region over the weekend, forcing both BHP Billiton Iron Ore and Fortescue to temporarily restrict operations.
National skills advisors to enhance productivity (0) March 2, 2009 A network of industry skills advisors is set to enhance workforce performance and boost productivity in the resources sector, according to SkillsDMC
A CONVEYient solution (0) March 2, 2009 Industrial Conveying Australia is now supplying specialised niche materials handling fitouts, controls systems and ongoing maintenance to the small and medium sized mining sector.
Making hay while gold shines (0) February 27, 2009 Intrepid Mines Limited (IAU) has reported that its Western Australian gold mine, Paulsens, achieved a cash margin of A$1,000 an ounce last week.
Boart records profit as job numbers fall (0) February 27, 2009 Boart Longyear has reported a rise in profit for the first time since cutting 2000 jobs worldwide.
Delay carbon scheme, Ai Group (0) February 27, 2009 The proposed 2010 start date for the Federal Government’s Carbon Pollution Reduction Scheme (CPRS) is both unnecessary and unrealistic, Australian Industry (Ai) Group CEO Heather Ridout said after a national ...
Money’s too tight to mention (0) February 27, 2009 If skeptics are correct, and demand for minerals will not return to the levels seen in recent years, why are Chinese companies so keen to have a piece of Australia’s ...
OZ extends at the deadline (0) February 27, 2009 OZ Minerals has secured approvals to extend the terms of its debt arrangements to March 31 this year.
OZ stays ‘positive’ on loans (0) February 27, 2009 Suggestions that OZ Minerals may default on $140 million of debt before today’s deadline are unfounded and premature, OZ relations manager Matthew Foran told MINING DAILY.
Galaxy Resources update (0) February 27, 2009 Galaxy Resources Limited has signed a Memorandum of Understanding with the Esperance Port Authority in order to investigate, evaluate and progress the export of Spodumene product through the Port of ...
Prospect Awards 2009 Launch Issue (0) February 26, 2009 Australian Mining Magazine has launched the 6th annual Australian Mining Prospect Awards.
Electrical Equipment & Cables (0) February 26, 2009 Australian Mining is currently inviting editorial contributions and story ideas for its Electrical Equipment and Cables feature coming up in the April 2009 edition.
Product Focus: Motors and Drives (0) February 26, 2009 Australian Mining is currently inviting editorial contributions for its Motors and Drives Product Focus.
Hunter Valley Spotlight (0) February 26, 2009 Australian Mining is currently inviting editorial contributions and stroy ideas for its Hunter Valley Spotlight feature coming up in the April edition
Environmental Management (0) February 26, 2009 Australian Mining is currently inviting editorial contributions and story ideas for its Environmental Management feature coming up in the April 2009 edition.
World’s greatest shave, mine challenge (0) February 26, 2009 The Leukaemia Foundation has launched the 2009 World’s Greatest Shave Mine Challenge and is once again looking to raise over $400,000.
GIS technology improves decision making (0) February 25, 2009 An Australian coal industry research project has found that although many mines are using spatial data in a Geographic Information System (GIS), they could be using the technology more effectively. ...
Fortescue strikes $1.2b deal with China (0) February 25, 2009 China’s Hunan Valin Iron and Steel Group is set to buy more than 16% of Fortescue Metals Group for $1.2 billion, adding to a recent rush of Chinese investment in ...
BHP fatality in Pilbara (1) February 25, 2009 A BHP Billiton iron ore employee has been killed on the company’s main train line in Western Australia’s Pilbara region.
Broader scope for Native Title benefits (0) February 25, 2009 The Federal Government’s Native Title Payments Working Group Report focuses too much on the responsibilities of the minerals industry and should give more consideration to the private sector, the Minerals ...
Ready for the upswing (0) February 25, 2009 Queensland’s next State government needs to implement a plan to take full advantage of the next mining upswing, Queensland Resources Council (QRC) CEO Michael Roche said.
Christmas comes early for Fortescue (0) February 25, 2009 Fortescue Metals Group has proven itself to be one of Australia’s busiest iron ore miners, with the company announcing the commencement of mining at its Christmas Creek Deposit in the ...
The gateway to tyre safety (0) February 25, 2009 Dr Guldidar Kizil and Tilman Rasche have developed a risk management tool that aims to create reliable tyre and rim management strategies. Jessica Darnbrough writes.
Mining missed in stimulus, Catchpole (0) February 23, 2009 Despite being a major money generator for the national economy, Australia’s mining industry is being left behind in the Federal Government’s $42 billion stimulus package, Australasian Institute of Mining and ...
Savings for smelters (0) February 23, 2009 A barrier coating developed through CSIRO’s Light Metals Flagship offers aluminium smelters significant annual savings in reduced consumption of petroleum coke alone, according to researchers.
Gold prices soar; production falls (0) February 23, 2009 The price of gold is at record highs, yet gold production fell 12% in 2008, Surbiton Associates managing director Dr Sandra Close told MINING DAILY.
Missing link will go ahead, Fraser (0) February 23, 2009 Queensland Treasurer Andrew Fraser has confirmed that the government was committed to building the State’s Northern Missing Link project.
Atlas Iron takes out top honour (0) February 23, 2009 Atlas Iron’s managing director David Flanagan has won the First Among Equals title at the 40under40 Awards held on the steps of Parliament House last week.
Outlook shows resources strength (0) February 23, 2009 The Queensland resource sector’s capacity to drive the State economy through the global economic slowdown has been highlighted in Queensland Treasurer Andrew Fraser’s recently released Economic and Fiscal Update, according ...
Garrett approves McArthur (0) February 23, 2009 McArthur River Mine has been given the green light on its planned open-pit expansion from the Federal Government’s Environment Minister Peter Garrett.
Rio, BHP to set ore price (0) February 23, 2009 Rio Tinto or BHP Billiton will be expected to set the benchmark iron ore price this year after the traditional price-setter, Vale of Brazil, said it would pass the role ...
Mapping the future (0) February 23, 2009 Federal Minister for Resources and Energy Martin Ferguson has announced the release of a radiometric map of Australia, designed to give mining companies and mineral explorers a greater understanding of ...
Minmetals may keep buying (0) February 23, 2009 Minmetals may use its $2.6 billion takeover of OZ Minerals as a springboard to buy further Australian assets, OZ CEO Andrew Michelmore told the ABC.
Hunter miner dies (0) February 20, 2009 A 59-year-old Singleton man has been killed in an industrial accident at a mine in New South Wales’ upper Hunter Valley.
Traditional owner to take Govt to UN (0) February 20, 2009 A traditional land owner has said he will take the McArthur River Mine expansion to the United Nations if the Federal Environment Minister Peter Garrett’s ruling does not include river ...
Unions push for export licenses (0) February 20, 2009 Mining unions are urging the Federal Government to re-introduce export licenses in a bid to control foreign owned capital.
Business as usual (0) February 20, 2009 Increasing levels of Chinese investment will not see operational change for Australian mining companies, Deloitte managing partner Keith Jones told MINING DAILY.
Industry dialogue opens up (0) February 20, 2009 Uranium industry representatives and indigenous leaders have joined together to form a Dialogue group that will shape the industry’s contribution to economic development.
China eyes off Fortescue (0) February 19, 2009 The recent wave of Chinese interest in Australian mining has continued, as Fortescue Metals has confirmed that it has met with China Investment Corp (CIC) over investment opportunities.
Cosmic Boy on track (0) February 18, 2009 The Board of Western Areas has announced the Cosmic Boy nickel concentrate plant has processed first ore and is on track to ramp up to steady state production by the ...
Work platform warning (0) February 18, 2009 The Western Australian Department of Mines and Petroleum (DMP) has released a Significant Incident Report after a worker was crushed in a pinch point of fixed Elevating Work Platform (EWP), ...
Engineering company reports solid growth (0) February 18, 2009 Monadelphous Group Limited has announced a record after tax profit of $36.8 million for the half year ended 31 December 2008, up 14.9% on the previous corresponding period, with mining ...
Skills for the future (0) February 18, 2009 Despite reports of major job losses in the industry, employment in Queensland’s resources sector is still at near record levels, the Queensland Resources Council (QRC) said.
Nickel jobs lost (0) February 18, 2009 More than 300 jobs will be lost after Norilsk Nickel announced it was suspending its two nickel operations in Western Australia.
OZ sale could save jobs (0) February 18, 2009 Despite some voices of dissent that are wary of a Chinese state-owned company acquiring a large stake in another Australian company, Minmetals $2.6 billion takeover offer for OZ Minerals will ...
Suspensions after severe rain (0) February 18, 2009 Rio Tinto has suspended all operations at Pannawonica and Brockman/Nammuldi, and pit operations at Tom Price and Paraburdoo, as a severe low-pressure system and associated trough results in prolonged heavy ...
Exploration incentive scheme welcomed (0) February 17, 2009 The Association of Mining & Exploration Companies (AMEC) has congratulated the WA State Government for its commitment to introduce a $80 million, four year exploration incentive program.
Functional assessments to reduce injury (0) February 17, 2009 Konekt Business Development Manager Suzanne Smith explains the benefits of Functional assessments to reduce injury incidence.
Cape Lambert construction benchmarks (16) February 17, 2009 Modular construction techniques commonly used in the oil and gas industry for decades are now being successfully applied to some of the largest mining projects ever undertaken in Australia.
Hit the ground running (0) February 17, 2009 Verifiable repair performance data is a must to assure the safety and quality of tyre repairs. Daniel Hal writes.
Great green hope (0) February 16, 2009 The Queensland Parliament has passed the Greenhouse Gas Storage Bill, new legislation to fast track the development of greenhouse gas storage in Queensland.
Downpour continues (0) February 16, 2009 Queensland mine suspended after record rainfall.
Declines over-exaggerated, King (0) February 16, 2009 The head of construction company Leighton Holdings has said that any speculation about declines in the mining industry are “over-exaggerated”.
Gold miner records profit (0) February 16, 2009 Australia’s largest gold miner has recorded a net profit of $154 million in the six months to December, compared to a net loss of $8.1 million a year earlier
Oz Minerals down $2.8 billion in value (0) February 16, 2009 Oz Minerals has flagged asset write-downs of up to $2.8 billion, diminishing its chances of refinancing more than $1 billion in debt by the February 27 deadline.
WA’s mining royalty (0) February 13, 2009 The Western Australian Government intends on phasing out the 1960s era concessional royalty rates that apply to iron ore exports from the Pilbara, The Australian Financial Review reports.
Draft sponsorship obligations announced (0) February 13, 2009 The Rudd Government has released draft regulations outlining new sponsorship obligations for employers of temporary skilled overseas workers on Subclass 457 visas.
Mining gender equity report (0) February 13, 2009 The Australasian Institute of Mining & Metallurgy (The AusIMM) and the Women in Mining Network (WIMnet) have taken a proactive step forward to address the matter of gender equity and ...
Chinalco closes $30b deal with Rio (0) February 13, 2009 Rio Tinto has told their shareholders the US$19.5 billion ($30 billion) investment from Chinalco of China is the best solution to the miner’s debt woes during this unprecedented downturn.
Alcoa exit (0) February 13, 2009 Alcoa will receive US$1.021 billion after exiting the Shining Prospect special purpose vehicle formed together with Chinalco in order to purchase shares in Rio Tinto, the company announced.
Green light for stimulus; MCA (0) February 13, 2009 Australia is facing the most difficult short term economic environment in a generation and urgent fiscal stimulus is required, according to the Minerals Council of Australia’s 2009-2010 pre-budget submission.
From crisis comes opportunity (0) February 13, 2009 The current dip in the mining boom is an opportunity for companies to place themselves as a leader in the market, according to Coffey Mining CEO Dan O’Toole.
Cost saving opportunities for generators (0) February 12, 2009 WASP Diesel mining services manager Craig Watson explains the top ways to reduce generator costs in tough times.
Rio in $20b talks with Chinalco (0) February 12, 2009 Rio Tinto could except a $US19.5 billion cash injection from the Chinese state-owned Chinalco, the Financial Times have indicated.
Chinalco president steps down (0) February 11, 2009 The president of Chinese aluminium giant Chinalco has stepped down before the expected completion of a multi-billion dollar deal with Rio Tinto.
Tax allowance great news for contractors, Komatsu (0) February 11, 2009 The Federal Government’s recently announced 30% business tax break means that purchases of earthmoving and construction equipment will become more affordable, according to Komatsu Australia general manager construction Sean Taylor.
WA stocks buck the trend (0) February 11, 2009 Western Australian mining stocks rising against general market trends was a result of an increasingly stable market, Deloitte managing partner Keith Jones told MINING DAILY.
Coal mine generates 2500 jobs (0) February 11, 2009 Hancock Prospecting is pushing ahead with its plans for a $7.5 billion coal mine in central western Queensland, despite the global economic downturn.
CSIRO develops new automation technology (0) February 11, 2009 The CSIRO has developed a series of automation technologies that can locate and guide coal cutting equipment in longwall mines
Global downturn an excuse; CFMEU (0) February 11, 2009 The Construction, Forestry, Mining and Energy Union (CFMEU) is concerned large mining companies are using the economic crisis as an excuse to cut jobs.
Crisis management (0) February 11, 2009 Unfortunately, catastrophic events sometimes occur. In the final part of this two-part series for Australian Mining, Baker & McKenzie’s Leigh Duthie, Philippa Murphy and Angela Sevenson focus on strategies to ...
Magellan’s shipment approval (0) February 10, 2009 Magellan Metals has welcomed the decision by the Environment Minister Donna Faragher to give final approval for the company’s sealed shipments of lead carbonate concentrate through the Port of Fremantle.
Diggers and Dealers speaker announced (0) February 10, 2009 The Diggers and Dealers Mining Forum has has secured Professor Nouriel Roubini as the key note presenter at the 2009 mining forum to be held in Kalgoorlie in August 2009. ...
Zinc placement completed (0) February 10, 2009 New South Wales zinc and lead miner Perilya has announced the completion of a $45.5 million share placement to Zhongjin Lingnan, China’s third largest zinc producer.
Maiden resource at Rocklea (0) February 10, 2009 Following the successful completion of the phase one reverse circulation drilling program, Murchison Metals has announced a maiden inferred mineral resource estimate for its Rocklea Iron Ore Project.
Upgrade at Jack Hills (0) February 10, 2009 Murchison Metals has also announced an upgrade to the total iron ore resources at the Jack Hills Iron Ore Project in Western Australia.
Rio’s incoming chairman resigns (0) February 9, 2009 Rio Tinto’s non-executive director and incoming Chairman Jim Leng has resigned from the company’s boards effective immediately.
Ravensthorpe was flawed; BHP (0) February 9, 2009 BHP Billiton has ruled out a future cash bid for Rio Tinto plc on technical grounds while conceding its decision to build Ravensthorpe nickel mine was flawed from the start.
Rail network creates 3000 jobs (0) February 9, 2009 Yilgarn Infrastructure has submitted a $2 billion open access multi-user regional rail network proposal to the Western Australia Government.
Fire threatens mines (0) February 9, 2009 Bushfires are threatening the Loy Yang Power station in Victoria’s Gippsland region.
MINING DAILY goes underground (0) February 9, 2009 The MINING DAILY team received a first hand look at the mining industry when it visited Centennial Coal’s Springvale mine near Lithgow in New South Wales last week.
Rio finalises sale (0) February 6, 2009 Rio Tinto has announced that it has completed the US$850 million sale of its undeveloped potash assets to Brazilian mining company Vale.
A golden opportunity (0) February 6, 2009 The surging price of gold has put Dominion Mining in a unique position that few, if any, other Australian gold companies can match, Dominion operations manager Peter Bamford told MINING ...
More for Queensland minerals (0) February 6, 2009 As crisis talks between the Queensland Department of Mines and Energy, Unions, and key mining industry stakeholders continue, Queensland Mines and Energy Minister Geoff Wilson took time out to speak ...
Qld on fast track to success (0) February 6, 2009 The Queensland Government will fast track around a dozen key mining projects to create more than 1500 jobs in regional Queensland, Mines and Energy Minister Geoff Wilson told MINING DAILY.
BHP’s toxic sludge under attack (0) February 6, 2009 BHP Billiton may have to conduct an environmental assessment for dredging work near one of its former Newcastle sites, after under-estimating the amount of toxic sludge.
Invest in the downturn; CSIRO (0) February 6, 2009 Despite the unprecedented downturn facing Australia’s minerals industry, CSIRO minerals chief Dr Bart Follink said now is the best time for companies to invest in strategic research and development.
BHP in the market for Rio (0) February 6, 2009 BHP Billiton has released its half yearly results to 31 December which showed high production levels, leaving the miner feeling confident of a future takeover.
Newcrest raises $750m (0) February 3, 2009 Australia’s largest gold miner, Newcrest Mining, has completed an institutional placement of shares to raise approximately $750 million.
Profits plummet, salaries frozen (0) February 3, 2009 Alumina has suffered a 61.5% drop in profit on the previous year and will not pay a final dividend for 2008 in order to conserve cash.
Govt unveils $42b stimulus package (0) February 3, 2009 The Federal Government has unveiled a $42 billion stimulus package that will support up to 90,000 jobs and stave off the effects of the global financial crisis.
Safety in action (0) February 3, 2009 The Safety In Action show, held in Melbourne’s Exhibition Centre from March 31, is expected to draw more than 100,000 attendees.
Unexpected gold rush (0) February 3, 2009 Ramelius Resources has announced that the levels of gold discovered at its Wattle Dam mine have exceeded both the quality and quantity of what they had previously thought.
Iluka makes a deposit (0) February 3, 2009 Iluka Resources Limited has announced a further heavy minerals discovery in the Murray Basin in New South Wales.
Golden jobs (0) February 3, 2009 Up to 50 new jobs could be created if Dominion Mining’s expansion in South Australia goes ahead, Dominion operations manager Peter Bamford told the ABC.
BHP won’t assist (0) February 3, 2009 The president of Ravensthorpe Shire has said that BHP Billiton’s decision not to pay compensation to business owners and subcontractors it attracted to the town is a crippling blow.
Super pit expansion approved (0) February 2, 2009 Western Australia’s acting environment minister John Day has approved the expansion of Kalgoorlie’s Super Pit gold mine.
Plenty in reserve (0) February 2, 2009 Xstrata Coal has announced a significant increase in resources and for the first time has declared a coal reserve.
Rail maintenance contract win (14) February 2, 2009 National transport and logistics company QR has won a contract worth up to $100 million to provide maintenance services for Australia’s interstate rail network.
Rio responds to rumours (0) February 2, 2009 Rio Tinto has responded to claims the miner had secured assets sales worth a combined $2.4 billion.
Newcrest in trading halt (0) February 2, 2009 Shares in Newcrest Mining have gone into a trading halt as the company sells new stock to raise $500 million from institutional shareholders.
Economic data released (0) February 2, 2009 The Australian Bureau of Statistics has released economic data that covers the effects of the global financial crisis on Australia and the minerals industry.
Olympic sized analyser (0) February 2, 2009 Outotec is currently commissioning an automated mineral processing sampling and analysing system at BHP Billiton’s Olympic Dam.
Karratha resort launched (0) January 30, 2009 Ausco Modular has officially launched a 250-room ‘Kingfisher Stayover Village’ for Western Australia’s mining and resources sector in Karratha today.
Govt pushes emissions scheme (0) January 30, 2009 The Federal Government’s proposed emissions trading scheme will expose more than 90% of Australia’s mineral exports to the highest carbon costs in the world, Minerals Council of Australia deputy CEO ...
Rio may raise equity (0) January 30, 2009 Rio Tinto will consider a potential equity issue in order to raise funds to pay down its debts, the company said in a statement to the Australian Securities Exchange (ASX).
Against the gloom (0) January 30, 2009 Cape Alumina has defied the doom and gloom of global financial trends by successfully floating on the Australian Securities Exchange (ASX) and in turn creating up to 1000 jobs, CEO ...
OZ Minerals sells stake to raise funds (0) January 30, 2009 OZ Minerals has sold its share in Nyrstar in a last effort to raise funds to refinance their $1 billion debt.
Hang on, help is on the way (0) January 30, 2009 Local businesses hurt by the closure of BHP Billiton’s nickel operation on the south coast will receive a helping hand from the miner and the State Government.
Smart technology filters through (0) January 29, 2009 Remote control combined with adaptive technology is helping bring mining screens into the 21st century. Jessica Darnbrough writes for Australian Mining.
A mesh of support and safety (0) January 29, 2009 A Western Australia researcher has developed a mesh and cable product that can absorb energy in underground mining, revolutionising safety standards in the industry. Jessica Darnbrough writes for Australian Mining.
How to reduce injury incidence (19) January 29, 2009 Mines must ensure that the new recruits are going to be an asset, rather than a liability, using pre-employment testing techniques. Konekt Business Development Manager Suzanne Smith writes.
Coal gasification boost (0) January 29, 2009 Underground Coal Gasification (UCG) proponent MetroCoal has announced it had secured exclusive exploration rights over a large tenement in the Surat Basin.
Good news for gold (0) January 29, 2009 Bendigo Mining has announced that production has nearly doubled to 9180 oz gold in there recently released quarterley report, with Australian dollar prices benefiting the company.
Frieda River in pre-feasibility (0) January 28, 2009 Highlands Pacific has announced that Xstrata Frieda River, a wholly owned subsidiary of Xstrata Copper and the manager of the Frieda River copper gold project in PNG, is progressing the ...
Mcarthur looks towards thermal coal (0) January 28, 2009 Mcarthur Coal plans to meet its revised targets for 2009 despite the ongoing threat from the global financial crisis.
Unions attack IR laws (0) January 28, 2009 The Federal Government’s new industrial relation laws were attacked on the first day of a Senate inquiry into the bill, held in Brisbane yesterday.
University supports retrenched miners (0) January 28, 2009 Central Queensland University has rolled out a special higher education program for employees and contractors in mining who have been affected by the thousands of job cuts.
Feed a quarry (0) January 28, 2009 A Queensland quarry company is reaping solid productivity rewards less than two years after investing in high-end vibrating screens and feeders. Jim Ward writes for Australian Mining.
High grade results (0) January 28, 2009 Pilbara explorer, Warwick Resources has announced high grade iron ore results from two diamond drill holes completed at its 100% owned Jimblebar Range iron ore project near Newman.
Caterpillar slowing to a crawl (0) January 28, 2009 Mining equipment supplier Caterpillar has announced that it will slash 20,000 jobs after what chairman and chief executive Jim Owens has called, “an extraordinarily challenging year.”
BHP only Prominent player (0) January 28, 2009 In a severely declining market, BHP Billiton may be alone in having the money available to purchase OZ Minerals’ Prominent Hill mine, resources industry analyst James Wilson told MINING DAILY.
Minesite Vehicles: Tyres and Tyre Maintenance (0) January 27, 2009 Australian Mining is currently inviting editorial contributions and story ideas for its Minesite Vehicles: Tyres and Tyre Maintenance feature in the March 2009 issue.
Attracting, Training & Retaining Personnel (0) January 27, 2009 Australian Mining is currently inviting editorial contributions and story ideas for its Attracting, Training & Retaining Personnel feature in the March 2009 issue.
Drill & Blast (0) January 27, 2009 Australian Mining is currently inviting editorial contributions and story ideas for its Drill & Blast feature in the March 2009 issue.
OZ Finance Breakthrough (0) January 23, 2009 OZ Minerals has announced that it has secured a bridging finance facility of up to $140 million, to be provided by all of its “Facility A” lenders.
Industry Appointments (0) January 23, 2009 The latest industry appointments in the Australian resources industry.
Govt approval too late for McArthur (0) January 23, 2009 The Federal Government has made a draft decision approving the McArthur River Mine expansion, however, the decision is too little too late, according to Xstrata Zinc Australia Chief Operating Officer ...
Stimulus package needed; ACTU (0) January 23, 2009 The Australian Council of Trade Unions (ACTU) is pushing the Federal Government to release a stimulus package for the Australian economy in wake of the increasing number of job losses.
