An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.
A senior manager from China's largest listed steel maker has said the government's stimulus package will do little to revive Australia's beleaguered iron ore sector.
A new report released by the International Monetary Fund (IMF) indicates that commodities exporters and emerging economies will be hardest hit by slower growth in China and a concomitant decline in commodities prices.
BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for the project.
China's Zhongrun Resources Investment Corp is on track to acquire 42% of Australia's Noble Mineral Resources (ASX:NMG) for AUD$85 million as well as options to obtain a majority stake.
Nathan Tinkler's fortune has plunged by over 50% since last year causing the electrician-turned-mining magnate to tumble to second place on a list of Australia's richest young entrepreneurs.
The scions of two of Australia's leading mining dynasties are waging battle in court once again, this time over ownership of the Hope Downs iron ore deposits in Western Australia's mineral-rich Pilbara.
Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.