Toronto miner’s gold production spikes 199%

Analysts predict a recovery in the price of iron ore this month following a dive in spot prices below key lower thresholds which has left the shares of major Australian miners languishing in the doldrums.

The chairman of Perth's Summit Resources (ASX:SMM) has said Queensland could miss out on millions in uranium investment due to the Newman government's failure to establish a more welcoming policy environment for developers.

A school in Western Australia has adopted the innovative pedagogic technique of using Lego robotics to teach students about mining processes, with the long-term goal of providing skilled tech-savvy workers to the region's flourishing resources sector.

A recent dive in iron ore prices spurred by China's slowing economy has dragged down the share prices of major Australian miners.

The founder and chairman of Fortescue Metals Group (ASX:FMG) Andrew Forrest raised his stake in the company by AUD$39 million this week amidst declines in the prices of both Fortescue shares and iron ore.

London listed Xstrata (LON:XTA) started Thursday copper production at its $310 million (A$300) Mount Margaret operation in north-west Queensland, Australia.

Qatar’s sovereign wealth fund has publicly said Friday it will vote against the mooted $70 billion merger between Glencore (LON:GLEN) and Xstrata (LON:XTA), which sent shares of both the Swiss commodity trader and the coal giant down the slope Thursday in London.

Mining tycoon Gina Rinehart has triggered a squall of controversy in Australia by issuing a call for the minimum wage to be reduced and accusing those jealous of her immense wealth of being lazy.

Australia's political and business leaders signaled their emphatic support for the country's increased involvement in the African mining sector at a conference in Perth on Thursday.