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

Western Australia a step closer to green-lighting uranium mine

The Western Australian government has issued a key approval for Toro Energy's Wiluna uranium project, bringing the proposed mine a large margin nearer to completion.

Marc Howe | October 10, 2012 | 11:32 pm

Argyle pink diamonds to run out inside a decade

Production at Rio Tinto's (ASX:RIO) Argyle mine in Western Australia's Kimberley region will soon come to an end as its rare deposits of pink diamonds approach exhaustion.

Marc Howe | October 10, 2012 | 11:05 pm

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

Tenders for coal, oil and gas rights trigger the ire of Queensland miners

The Queensland government's decision to auction licenses for oil, coal and gas exploration has triggered widespread complaint within the mining sector of the Australian tropical state.

Marc Howe | October 10, 2012 | 1:46 am

Chinese copper consumption to drop for the first time in four years

China's copper consumption levels are set to fall for the first time since 2008 on the country's easing growth and the resulting tepid demand for commodities.

Marc Howe | October 10, 2012 | 12:15 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

Gamma rays used to find diamonds

The University of Johannesburg has successful obtained a patent for a new device which is capable of identifying rocks that contain diamonds.

Marc Howe | October 9, 2012 | 5:54 am

BHP announces iron ore retrenchments on resource sector slowdown

BHP Billiton (ASX:BHP) has announced retrenchments for its iron ore operations due to tepid prices and rising costs.

Marc Howe | October 9, 2012 | 2:13 am

Indians switch to diamonds from gold

De Beers says the sub-continent has become the storied diamond firm's fastest-growing market as affluent Indians eschew gold in favor of precious gems.

Marc Howe | October 9, 2012 | 1:40 am

Illegal Chinese gold mining triggers conflict in Ghana

Illegal gold mining by Chinese nationals using heavy machinery has fueled resentment and hostility amongst local communities in Ghana.

Marc Howe | October 8, 2012 | 11:40 pm

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