RTG to acquire Mt Kare gold project in Papua New Guinea

What happens next is critical say mining companies currently operating in the country.

The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.

It will be turned into a memorial to the 29 men who died there in 2010.

The move is considered another sign that Washington’s decades-old federal ban on crude exports is crumbling.

Fresh Chinese weakness pushes iron ore price to lowest since June 2009, but rising premiums for high-quality lump imports offers some hope.

The firm is laying-off 150 workers by the end of February 2015.

Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.

The company is defying coal price slump with increased production driven by expansions at its Australian mines.

Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.