Australian Resources Minister Martin Ferguson says the onset of an era of low commodities prices does not spell the end of the country's China-backed mining boom.
Brazilian mining giant Vale (NYSE:VALE) is expected to log a year-on-year Q3 profit decline of 61% due to this year's precipitous dive in iron ore prices.
Rio Tinto's auction of a fresh set of multi-hued diamonds from its Argyle mine in Australia have elicited strong competition amongst bidders hailing from both Asia and Europe.
Australian Prime Minister Julia Gillard has said that the country has changed its stance on uranium and that there are no further "outstanding obstacles" to exports of the nuclear material to India.