MINING.COM

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

Fortescue’s best paid exec suffers $35 million loss on slide in shares

A recent plunge in Fortescue Metals' (ASE:FMG) shares has left the pockets of its best paid executive AUD$35 million lighter.

Marc Howe | October 11, 2012 | 2:52 am

Stronger yuan will cheapen commodities for China: Leeb

Renowned investment guru Stephen Leeb says China is pushing for a stronger yuan in order to cut the cost of its commodities purchases.

Marc Howe | October 10, 2012 | 2:22 am

Rio to cut jobs on concerns over China slowdown

Rio Tinto (ASX:RIO) has announced further retrenchments and cost cutting measures due to concerns that the slowdown in China's economic growth will be more pronounced than expected.

Marc Howe | October 9, 2012 | 11:37 pm

BHP sells first bond offering in Australia in over a decade

BHP Billiton sold Tuesday A$1 billion ($1.02 billion) of bonds in its first offering of debt in the Aussie market in more than a decade, as the company announces cutbacks at its iron ore mines.

Cecilia Jamasmie | October 9, 2012 | 12:38 pm