Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

BHP Billiton (LON/ASX/NYSE:BHP) took Monday another step away from resource expansion in Australia, particularly in the uranium sector. The world's number one miner announced it's selling one of the country's largest undeveloped deposits of the yellow element to Canadian Cameco (TSX:CCO) (NYSE:CCJ) for $430 million.

The final fate of BHP Billiton’s (ASX:BHP) Olympic Dam mine expansion remains fraught with uncertainty in the wake of the company’s announcement last week that it was shelving the project due to cost factors.

Following Martin Ferguson’s rash declaration last week that Australia’s mining boom had come to an end several leading economic experts have publicly refuted the Australian Resource Minister’s dire prognosis.

Directors Neil Colquhoun and Matt King today announced the launch of the Design & Build Perth office, with the doors of the St Georges Terrace office officially opening on Monday the 3rd of September.

BusinessWeek profile the horrific conditions in Indonesian tin mines, where largely destitute miners extract ore with shovels and picks.

Environmentalists such as Greenpeace have condemned the mine's approval as claiming, it will mean an unacceptable rise in vessels passing the Great Barrier Reef, impacting air quality and native flora and fauna.

The world's number one miner, BHP Billiton, wants to leave the news of its first decrease in annual profit in three years behind by focusing on finding the most lucrative way to increase iron ore production in Western Australia.

Less than 24 hours after Australia's minister for resources and energy declared that the country's mining boom had come to an end, he appeared saying he was misinterpreted, and that the resources industry is still moving ahead.

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs.