MINING.COM

Fortescue lifts credit extension by $500 million

Australian iron ore titan Fortescue Metals Group (ASE:FMG) has increased the size of its credit facility by USD$500 million.

Marc Howe | October 13, 2012 | 1:44 am

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry out their resources projects.

Cecilia Jamasmie | October 12, 2012 | 2:10 pm

15% of Queensland’s mining jobs to disappear in two years

Analysts say more coal jobs will be axed in the Australian tropical state of Queensland as the beleaguered resources sector continues to weather a barrage of adverse factors.

Marc Howe | October 12, 2012 | 5:53 am

Iron ore: The rollercoaster ride has only just started

The transformation of the iron ore market over the last few years has been nothing less than stunning. Those with nerves of steel can look forward to even higher highs and lower lows.

Frik Els | October 11, 2012 | 11:49 pm

Iron ore pulls back from $120 despite fresh Chinese infrastructure spending

The country's railways ministry is upping its investment for a third time this year – the annual budget for 2012 is now a round $100 billion.

Frik Els | October 11, 2012 | 6:18 pm

Yale researchers discover diamond planet twice the size of the Earth

A team of U.S-Franco scientists led by Yale University hit the jackpot by discovering not just another celestial body near the Earth, but one that it is likely to be covered in diamonds and it is twice the size of our planet.

Cecilia Jamasmie | October 11, 2012 | 1:05 pm

Twiggy has a go at Rinehart for inherited wealth

Andrew "Twiggy" Forrest, the founder and chairman of Aussie iron ore stalwart Fortescue Metals Group (ASX:FMG) has issued a thinly-veiled attack against fellow mining magnate Gina Rinehart for inheriting her wealth.

Marc Howe | October 11, 2012 | 3:08 am