Forrest throws A$18m backing behind Apex

Gold developer Apex Minerals has received a near A$18-million backing from mining personality Andrew Forrest as part of the company’s strategy to establish a sustainable Australian gold producer. Forrest, through a privately owned investment...

Gillard, Swan dismiss Forrest’s claims on mining tax deal

Prime Minister Julia Gillard has refuted claims by mining magnate Andrew Forrest that he was on the cusp of striking a deal regarding the resources super profit tax (RSPT) with Kevin Rudd before he was ousted. Responding to comments made by...

Forrest backs Poseidon raising

Mining magnate Andrew Forrest will back a A$20-million rights issue by ASX-listed Poseidon Nickel to fund the development of its Windarra nickel project, in Western Australia. Poseidon on Tuesday announced that the company would raise some...

Ferguson distances himself from Swan attack on mining bigwigs

Federal Resources Minister Martin Ferguson has distanced himself from comments made by Treasurer Wayne Swan, who accused mining bigwigs of using their own wealth to pursue vested interests. In an essay recently published in The Monthly, Swan...

Fortescue defends against Swan attack

Iron-ore miner Fortescue Metals came out swinging against allegations made by federal Treasurer Wayne Swan that a handful of entrepreneurs were using their own wealth to pursue vested interests. In an essay published by The Monthly magazine, Swan...

Atlas Iron founder Flanagan stands aside in reshuffle

Atlas Iron founder David Flanagan has stepped back from his role as MD, handing over the position to COO Ken Brinsden in a management reshuffle. Flanagan is initially taking up the role of executive chairperson, which means he will retain the...

Fortescue up 5% on report Teck buying shares

Shares in Australia's Fortescue Metal Group rose 5% on Monday on a report Canadian metals and coal miner Teck Resources may be building a stake in Australia's third-largest iron ore producer. Talk of Teck positioning itself in Fortescue comes...

MRRT safeguards needed to protect small miners – BDO

Accountancy group BDO has called for the inclusion of safeguards for small miners to the proposed mineral resources rent tax (MRRT), which was introduced into Parliament last week. An updated modelling on the impact of the MRRT confirmed that...

Company Announcement: BC Iron supports Forrest's concerns about Mining Tax’s unfair treatment of small mining companies

BC Iron supports Andrew Forrest's concerns about the proposed Mining Tax’s unfair treatment of smaller mining companies

Australia introduces iron-ore, coal profits tax to Parliament

Australia’s mineral resources rent tax (MRRT) legislation was placed before the lower house of Parliament on Wednesday, marking an “important step” in the government’s plan to lock in the benefits of the mining boom, Resources Minister...

Fortescue, Forrest granted leave to appeal ruling

Iron-ore miner Fortescue Metals and founder Andrew Forrest have been granted leave to appeal the Full Federal Court ruling that they had mislead shareholders in 2004. In February, the court upheld an appeal by the Australian Securities and...

Diggers & Dealers speakers slam Australia’s mine tax

Gold miner Silverlake Resources said on Wednesday said that the Australian government would likely look to impose further taxes on the mining industry to make up an expected shortfall in its tax figures. Commenting on the mineral resources rent...