BHP to return $10.4 billion in buyback, special dividend bonanza
BHP had promised to return all of the net proceeds from the $10.8 billion sale of its U.S. shale business to shareholders when the deal was announced in July.
Australia's resources and energy commodity export earnings will continue to grow over the medium term to reach a record $225 billion in 2016-17, said today the Bureau of Resources and Energy Economics (BREE).
Anglo American is looking for thermal coal assets in Australia and Indonesia, especially as prices of potential targets have come down, the head of its thermal coal unit said in an interview.
The U.S. Central Intelligence Agency has been accused of involvement in coups and insurrections throughout history, but now an Australian mining tycoon is accusing the CIA of trying to sabotage the Australian coal industry.
Heavy rainfall in the last 48 hours has caused significant disruption at several coking coal mines in the Moranbah region of the Bowen Basin, in Australia's Queensland, market sources said Tuesday.
Anglo-Australian mining giant Rio Tinto (ASX, LSE & NYSE: RIO) has voluntarily published its "Taxes paid report," outlining the US$10.2 billion it has paid in tax globally this financial year.
Australian ports lying in the path of cylone Lua are resuming operations after the category four storm raced across the northwest coast of Australia over the weekend.
The Australian Senate approved today a mining legislation that imposes a 30% tax on coal and iron ore miners, allowing the government to take a larger part of profits from a mining boom pushed by Chinese and Indian demand for raw materials.
Mr Tom Albanese CEO of Rio Tinto as saying that company has shrugged off concerns about a slow down in Chinese demand for commodities, reiterating its faith in the Asian superpower's industrialization.