MINING.COM

BHP ditches Olympic Dam as profit tumbles

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.

Cecilia Jamasmie | August 22, 2012 | 12:59 pm

Two massive diamonds in Angola dazzle investors and brighten up local industry

The Australian diamond company Lonrho Mining dazzled investors Tuesday as the company confirmed the finding of two huge diamonds from the Lulo project, in northeastern Angola.

Cecilia Jamasmie | August 21, 2012 | 12:54 pm

Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion

Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.

Cecilia Jamasmie | August 20, 2012 | 2:51 pm

Faith in BHP’s Outer Harbour fading fast

New doubts have emerged over world number one miner BHP Billiton's (LON/ASX/NYSE:BHP) $20 billion outer-harbour project at Port Hedland, Australia, with big names such as JPMorgan and Deutsche Bank saying they expect it to be axed.

Cecilia Jamasmie | August 15, 2012 | 2:46 pm

UN study to examine impact of Australian mining industry on aboriginal communities

A study undertaken by the UN on the impact of the global resources sector on the world's indigenous communities is set to make the Australian mining industry an area of focus.

Marc Howe | August 14, 2012 | 5:17 pm

NSL’s Australia thermal coal project permit granted

NSL Consolidated (ASX: NSL) announced Monday it has been formally granted the first of its four thermal coal exploration tenements, EPC 2198, in the Eromanga Basin in southwest Queensland, Australia.

MINING.COM Staff Writer | August 13, 2012 | 3:37 pm

Archeologists uncovered treasures at Rio Tinto coal mine

Some of the oldest aboriginal artifacts have been discovered at Rio Tinto's Warkworth coal mine in Australia’s Hunter Valley.

Cecilia Jamasmie | August 13, 2012 | 3:16 pm

Sinking coal prices force major job cuts in Australia

Xstrata Coal confirmed Monday it has cut a number of jobs from its coal mining operations in Australia, due to sinking prices for both coking and certain kinds of thermal coal.

Cecilia Jamasmie | August 13, 2012 | 1:09 pm

Open-cut gold mine triggers worries for Australia’s Wombat forest

Environmentalists and the local community of central Victoria, Australia, are angry at the Department of Primary Industries for allowing Queensland-based company Fortitude Mining to go ahead with its gold exploration plans in the Wombat State Forest.

Cecilia Jamasmie | August 12, 2012 | 12:27 pm

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