October 4, 2013

Australian gold miners join forces to stop royalty hike

They say an increase in the royalty rate for gold could destroy Western Australia’s precious metals industry.

October 4, 2013

Done deal: Rio sells mothballed Blair Athol coal mine to Linc Energy

Acquisition comes a day after Linc said it wants to get de-listed from the Australian market to re-list it in Singapore, in hopes of luring Asian investors.

October 4, 2013

Rio completes expansion of Australia’s largest iron ore operation

Will help bring the overall capacity of Rio Tinto’s Pilbara iron ore operations to 290 million tonnes a year, the largest iron ore operation in Australia and the second largest…

October 3, 2013

Goodbye humans, hello automation: Rio Tinto ditching $225k/year drivers in Pilbara

The plan is to cut 40% of Pilbara drivers by 2016.

October 3, 2013

Nautilus gets the green light to mine under water, will receive $118 million in compensation

The miner's shares were up almost 32% at 10:45 ET in Toronto after the announcement.

October 2, 2013

Gold price bounces right back on debt ceiling, jobs data

Recovering nearly 30$ of the 40$ in Tuesday losses.

October 2, 2013

Rio Tinto to sell closed Blair Athol coal mine

Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.

October 1, 2013

Aussie magnate Rinehart giving up trustee role to end children’s suit

John Hancock and Bianca Rinehart sued their mother in September 2011, attempting to remove her as head of the Hope Margaret Hancock Trust.

September 30, 2013

New Zealand miners hit back at negative media campaign

"A dose of realism urgently needed on platinum tender."

September 30, 2013

4 years late, $6bn over budget Sino Iron fires up one 4mtpa line

China's Citic Pacific's $8 billion magnetite mine in Australia has finally gone into production.