Australian Prime Minister, Julia Gillard, warned the mining industry that nationals not only want, but also deserve a share of the nation's resources boom and reminded its leaders they don't "own" the minerals of the country.
BHP Billiton and Rio Tinto won’t be following Australia’s richest person and number four on the list of the world of mining's billionaires Gina Rinehart’s plan to import foreign workers under enterprise migration agreements (EMAs).
"Space is big. Really Big. You just won't believe how vastly hugely, mind-bogglingly big," as the Hitchiker's Guide to the Galaxy once noted. About the only thing nearly as big, it seems safe to say, are today's hopes of making money exploring space.
A second major physical iron ore trading platform, supported by major mining companies and Chinese steelmakers will launch this Wednesday, competing directly with China's new own platform in a race to create an industry price benchmark.
Australia’s decision to grant first ever right to hire foreign workers at the Roy Hill project in the Pilbara on Friday has sparked heated critics by local unions and the mining community.
Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price begins to flag.