RNC kicks off gold exploration drilling program at Australian project
Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia.
Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity, particularly companies investing heavily to expand their production capacity.
London-based Anglo American (LSE:AAL) has joined an expanding list of coal producers making staff cuts at specific Australian operations, after it announced it will cut at least 50 jobs when its Moranbah North mine reverts back to a single longwall operation.
Gold producer Newcrest Mining (ASX:NCM) resumed its operations at the Lihir project, in Papua New Guinea, following the resolution of a dispute lodged by the Lihir Mining Area Landowners Association (LMALA).
MMG (HSX:1208) CEO Andrew Michelmore says China's leadership transition later this year could put the brakes on overseas investment due to impeded decision-making by China's policy-making elite.
Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from a local landowners’ group keep escalating.
Jeffrey Wilson of Murdoch University's Asia Research Centre examines China's pivotal role in the boom and possible bust of Australia's iron ore sector.
Australian electrician turned mining magnate Nathan Tinkler is reportedly losing $4.2 million a day on his stake in Whitehaven Coal (ASX:WHC), the country’s largest independent coal producer by market value.
Higher than usual mercury levels discovered in water sources in Western Australia by Griffin Coal are prompting calls for an immediate Government investigation.