Newcrest grabs majority stake in Canadian copper-gold mine
Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
China is showing further signs that stimulus spending to prop up its slowing economy could well be on the way with President Hu Jintao evincing a commitment to economic growth at the APEC summit over the weekend.
In anticipation of the job's report, the markets and gold jumped yesterday, but there was no good news for President Obama as Friday's report shows the US added a paltry 96,000 jobs in August.
Rio Tinto (ASX:RIO) has teamed up with Sydney's University of New South Wales to create the world's first virtual mine for the purpose of teaching block caving
Australian trade minister Craig Emerson has said Chinese demand will continue to give support to the country's mining boom despite declines in export prices.
Gina Rinehart has raised the ire of the Australian public again with a ten minute Youtube speech on the shortcomings of the country's economy which has triggered ad hominem attacks from leading political figures.