MINING.COM

Rinehart’s well-timed exit from coal

Gina Rinehart, iron ore magnate and Asia's wealthiest woman, sold a controlling stake in her Galilee coal assets nearly a year ago to GVK Group, run by Indian billionaire GV Krishna Reddy.

Michael Allan McCrae | August 5, 2012 | 4:18 pm

BHP Billiton takes $2.84 billion hit on shale gas asset

Record low gas prices in North America will result in BHP Billiton (NYSE:BHP) taking an impairment of US$2.84 billion (before tax) against the carrying value of the Fayetteville shale gas assets acquired from Chesapeake Energy in February 2011.

MINING.COM Staff Writer | August 3, 2012 | 6:35 am

Outer Harbour outta here! When BHP gives up on iron ore growth then you know the mining boom is over

The mining giant is also scaling back or postponing other expensive expansion projects but the pullback in iron ore – by far the Melbourne-based company's most profitable division – is a surprising move and indicative of the cloudy outlook for the commodities business.

Frik Els | August 2, 2012 | 4:00 pm

BHP’s performance on the ground fails to lift shares off 3-year lows

The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.

Frik Els | August 1, 2012 | 6:22 pm

Renewables cheaper than fossil fuels, nuclear by 2030

Looking at all the costs to construct and run power plants, it will be cheaper to build a wind or solar power plant within 18 years rather than one using nuclear or fossil fuel, says a research unit within the Australian Government.

Michael Allan McCrae | July 31, 2012 | 4:20 pm

63% of Newcrest’s assets situated in ‘very high-risk’ countries

Newcrest Mining (ASX:NCM) is the one Australian mining major exposed to the greatest level of country risk with 63% of its assets situated in nation-states categorized as 'very high-risk' by analysts.

Marc Howe | July 31, 2012 | 6:17 am

Dour mining report substantiates warnings of an Australian resource sector slowdown

A report indicating weak sentiment on the part of Australian mining companies would appear to substantiate warnings that Australia's flourishing resources sector is headed for a slowdown.

Marc Howe | July 31, 2012 | 4:03 am

Dud investments the norm for China’s state-owned companies, says former Rio Tinto exec

People should stop worrying about Chinese businesses buying up resource companies in Australia because the Chinese are no good at investing, says former Rio Tinto executive, Michael Komesaroff.

Marc Howe | July 30, 2012 | 5:56 pm

Blackwood trading halt casts further doubt on Tinkler’s AUD$5 billion bid for Whitehaven Coal

A trading halt on Blackwood Corp (ASX:BWD) shares has cast further doubt upon Australian mining magnate Nathan Tinkler's audacious AUD$5.3 billion privatization bid for Whitehaven Coal (ASX:WHC).

Marc Howe | July 30, 2012 | 5:51 am

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