Mitsubishi's AUD$6.7 billion Oakajee port and rail project in Western Australia has been put on hold as the company cuts costs in the face of adverse economic conditions and struggles to obtain Chinese investment support.
Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.
Enbridge Inc. (TSX:ENB), the largest transporter of Canadian oil to the U.S., posted Wednesday better third-quarter results compared to the same period last year driven by recovering earnings from its liquids pipelines and a reduced loss from derivatives contracts.
The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank and the IMF, said a source from the country’s ministry of mines.
Uranium miner Paladin Energy (TSX:PDN)(ASX:PDN) is targeting up to $80 million in cost reductions over the next two years and putting a freeze on development as the price for uranium spot has weakened.
The total value of overseas mergers and acquisitions pursued by Middle Kingdom's mining and metals players has surged this year according to sector experts from Ernst & Young Global.
The world's biggest mining company has announced that it has embarked upon the search for a successor to Marius Kloppers as the South African approaches his sixth year as BHP's CEO.
After two years fine-tuning details of their nuclear cooperation agreement, Canada and India have finally reached consensus and the countries representatives announced Tuesday a deal that will see Canadian companies ship their uranium to the South Asian nation for nuclear energy.