MINING.COM

Rio Tinto logs record iron ore output in the Pilbara

Diversified mining giant Rio Tinto (ASX:RIO) has raised iron ore output 5% year-on-year in the third quarter on the back of record production levels in Western Australia's Pilbara.

Marc Howe | October 16, 2012 | 9:35 am

Queensland coal miners blame retrenchments on royalty hikes

A survey of Queensland's coal miners reveals that new royalty hikes have compelled many to pursue cost cuts and implement worker retrenchments.

Marc Howe | October 15, 2012 | 2:06 am

Macmahon expects gold to shore up company outlook

The CEO of Australia's Macmahon Holdings (ASX:MAH) expects gold to continue performing well despite the weak outlook for the mining sector in general.

Marc Howe | October 14, 2012 | 11:45 pm

Rio still upbeat on iron ore

The head of Rio Tinto's (ASE:RIO) iron ore business in Western Australia has expressed optimism about the sector's prospects despite a plunge in spot prices this year and concerns over China's growth.

Marc Howe | October 13, 2012 | 11:46 pm

Fortescue lifts credit extension by $500 million

Australian iron ore titan Fortescue Metals Group (ASE:FMG) has increased the size of its credit facility by USD$500 million.

Marc Howe | October 13, 2012 | 1:44 am

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry out their resources projects.

Cecilia Jamasmie | October 12, 2012 | 2:10 pm

15% of Queensland’s mining jobs to disappear in two years

Analysts say more coal jobs will be axed in the Australian tropical state of Queensland as the beleaguered resources sector continues to weather a barrage of adverse factors.

Marc Howe | October 12, 2012 | 5:53 am

Discovery Metals rejects $830 million bid from Shanghai PE firm

Africa-focused copper miner Discovery Metals (ASX:DML) has rejected a bid from Shanghai's Cathay Fortune on the grounds that the proposed AUD$830 million consideration is insufficient.

Marc Howe | October 12, 2012 | 3:08 am

Twiggy has a go at Rinehart for inherited wealth

Andrew "Twiggy" Forrest, the founder and chairman of Aussie iron ore stalwart Fortescue Metals Group (ASX:FMG) has issued a thinly-veiled attack against fellow mining magnate Gina Rinehart for inheriting her wealth.

Marc Howe | October 11, 2012 | 3:08 am

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