Australia Top Stories

Rio Tinto Says Q3 production falls on planned maintenance and safety pauses

Iron shipments fell about 5 percent, hurt by planned maintenance…

Australia’s Atlas Iron names ex-Hancock executive CEO in board overhaul

Sanjiv Manchanda replaces Cliff Lawrenson as named CEO in overhaul.

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Climate-change skeptic calls for Aussie version of Fox News

Former British politician and newspaper editor Lord Christopher Monckton — a prominent climate change skeptic and the UK Independence party's head of research — caused a ruckus this week in the media and the blogosphere for suggesting that Australia could use a version of the right-wing Fox News television network.

Gindalbie awards Karara mining contract to Downer EDI

Gindalbie Metals has announced the award of the magnetite ore mining contract for the Karara iron ore project in Western Australia to Downer EDI Mining. With a total estimated value of approximately A$570 million over a duration of six years, the contract is one of the largest single operational contracts for the Karara project.

Rio Tinto commissioned report highlights automation benefits

A BAEconomics report, commissioned by Rio Tinto to look into the benefits and costs of autonomous technology, has concluded that investment in mining technology and innovation should sustain long-term competitiveness while also providing the broader economic benefits likely to flow from a strong mining industry. The report, titled Autonomous and remote operation technologies in the mining industry: benefits and costs examines the advances in new technology, showing that while the costs and challenges of automation in the mining sector are substantial, they are potentially far outweighed by the benefits they can deliver.

Downer awarded $570 million mining contract

Downer EDI Limited (Downer) today announced it has been awarded a six year magnetite mining contract with Karara Mining Limited (KML) for the provision of services at the Karara Iron Ore Project in Western Australia.

New Gold announces record gold production in 2011, 25% increase in gold resources per share and 2012 guidance with production growth at lower costs

New Gold Inc. (TSX and NYSE AMEX:NGD) today announces fourth quarter 2011 gold production of 100,671 ounces which resulted in record annual production of 387,155 ounces during 2011. The company, once again, met its gold production guidance range of 380,000 to 400,000 ounces during the year. Quarterly and annual total cash cost per ounce sold, net of by-product sales, were $561 and $448 per ounce, respectively.