UK-based charity The Eden project has partnered with Alcoa to build a $150 million eco-tourism attraction at the company’s former Anglesea coal mine in Australia.
The Australian miner, the world's only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off takeover attempts.
A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel.
The drama surrounding the rescue of two men trapped in an Australian gold mine in 2006 has unearthed an unlikely star -- Bill Shorten, a union leader who’s now poised to become the nation’s prime minister.
Moves gives Aussie miner access to the Moose River gold complex in Nova Scotia, Canada, which comprises one producing open-pit and three other development projects.
ASIC has for months been probing how Merlin Diamonds has loaned A$13 million of investor money to a private company, AXIS Consultants, which has long been associated with the miner's chairman and his family.