Rio’s Argyle pink diamonds tender breaks record

Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.

Rio Tinto plans to invest $2 billion in an iron ore project in the eastern Indian state of Orissa to supply Indian and overseas clients, Sam Walsh, head of the miner's Australia-based iron ore division, told reporters.

Ivan Glasenberg, CEO of  Glencore International stands to receive dividends worth roughly $110 million on Monday when the commodities giant announces its maiden full-year payment to shareholders.

Australia, Canada, South Africa and many more countries are courting a small, transient, global workforce of engineers, geologists and metallurgists to keep their mining, oil and gas, and energy operations running. What can these major corporations do to secure the right talent? If you’re Rio Tinto, you turn to content marketing.

Xstrata plc is in talks with Japanese electricity producers to settle the next thermal coal benchmark price for annual supplies starting April 1 at between $115/tonne and $126/tonne, according to Bloomberg News.

Australian coal producer New Hope Corp will not put itself up for auction for more than $5 billion after a five-month sale process failed to come up with a deal, Reuters reported.

After five years of declines, primarily attributed to low production, poor prices, and a high Australian dollar, IBISWorld’s “Industries to fly and fall in 2012” report forecasts a “revenue rebound” for Australia’s diamond and gemstone mining industry that will involve five years of growth with industry revenues climbing to $947.3 million by 2016-17.

Thousands of protesters have been converging on Lynas Corporation's new rare earths processing facility in Malaysia according to reports. The Australian producer's website was also hacked over the weekend.

Hiring more women to work at mines in Hunter Valley, NSW could save companies money because they are easier on the equipment, says a workplace consultant.