Posts by The Australian:

Miners reject local content rules

AUSTRALIA'S miners continue to reject calls for reforms to mandate local content requirements, arguing that the sector already supports domestic manufacturing at a high rate. Gindalbie Metals, which is developing the $2.75 billion Karara iron ore p...
The Australian | October 23, 2011 | 2:16 pm

BHP bets on China’s demand

BHP Billiton is close to kicking off spending on its huge Port Hedland capacity expansion, as it bets China's steel mills will remain hungry enough to consume up to an extra 200 million tonnes of iron ore a year from BHP alone.
The Australian | October 3, 2011 | 4:10 pm

Japanese increase stake in Aston

ASTON Resources has sold another stake in its flagship Maules Creek coal project to a Japanese-backed company for $350 million to help fund development of the project. The Brisbane-based company announced yesterday it had entered into a conditional
The Australian | October 3, 2011 | 4:09 pm

Rio shortlists coal mine bids

Rio Tinto has shortlisted nine parties in bidding for a South African coal mine that it acquired through its near-$US4billion takeover of Riversdale Mining, and hopes to conclude a sale by the year-end, said Steve Mallyon, a special advisor to the Anglo-Australian miner. Any deal for the Riversdale Anthracite Colliery in KwaZulu Natal province, which is producing about 750,000 tonnes of coal a year, could value the asset at around $US150 million ($149m), he said.
The Australian | September 22, 2011 | 1:22 am

Europe tumbles on debt fears

European stocks plunged and the euro tumbled, as investors piled into safe-haven assets amid rising fears over Europe's sovereign debt crisis and economic growth on both sides of the Atlantic.
The Australian | September 5, 2011 | 8:20 pm

Miners throw down gauntlet on super-profits tax

A Deloitte Access Economics analysis, commissioned by the Minerals Council of Australia and to be released today, estimates the industry's tax burden was about 50 per cent higher than Treasury estimates made during last year's bruising battle over the Rudd government's resource super-profits tax.
The Australian | September 4, 2011 | 3:09 pm

Sandfire confident on $360m finance

Sandfire Resources managing director Karl Simich says the company's looming $360 million finance facility is still on track for completion soon, despite turmoil in global markets.
The Australian | September 4, 2011 | 3:09 pm

China set for new buying splurge

Another wave of Chinese acquisitions is expected soon as the Asian superpower seeks to diversify investments beyond the underperforming greenback, and as share price falls translate to cheaper purchases. Mergers and acquisitions consultant Andrew Thomson, a former Howard government minister, said that there had been a change of sentiment in Beijing lately and Chinese investment was expected to step up very soon.
The Australian | September 4, 2011 | 3:09 pm

Fund chief backs mining stocks

You don't get to be the head of a $US50 billion investment fund without knowing a thing or two about persuasive sales techniques. When Mark Mobius, the executive chairman of the Templeton Emerging Markets Group, took to the stage at Hong Kong's famed Foreign Correspondents Club last week, he delivered his signature argument for investing in emerging markets.
The Australian | September 4, 2011 | 3:01 pm

Little known explorer Carabella jumps 5% as Rinehart buys fraction

MINING magnate Gina Rinehart has taken a small stake in listed coal explorer Carabella Resources, sparking speculation she is planning a takeover bid to expand her interests in Queensland. Shares in Carabella shot up 5.5 per cent to $2.10 after 917,434 shares in the company...representing 0.74% of its total shares on issue was acquired by a company associated with Australia's richest person.
The Australian | September 1, 2011 | 4:34 pm

Big names boost Kenya’s largest mining project

BASE Resources says it is close to announcing offtake deals for Kenya's biggest mining project, the $US256 million ($239m) Kwale mineral sands operation. Base managing director Tim Carstens said Dupont and Cristal Global, the world's two largest titanium dioxide producers, were among parties interested in offtake. One deal "that I hope to announce next week, will account for about 35 per cent of our revenue and they are a big name", Mr Carstens said yesterday at the Africa Downunder mining conference in Perth.
The Australian | September 1, 2011 | 3:35 pm