Coal & Allied boosts half-year profit 41%

ASX-listed coal miner Coal & Allied, an unit of diversified resources group Rio Tinto, on Wednesday reported a 25% increase in revenue to A$1.1-billion in the half year ended June, boosted by higher sales volumes and prices. After-tax profit...

Coal & Allied and JV partners approve A$141m expansion

Rio Tinto subsidiary Coal & Allied and its joint-venture partners, Wesfarmers, Mitsui and Taipower, on Tuesday approved a A$141-million expansion to the Bengalla thermal coal mine, in New South Wales. The expansion would increase yearly...

Asset sales give Coal & Allied’s H1 profit a lift

ASX-listed Coal & Allied on Tuesday reported that its profits for the first half of 2010 surged on the back of the divestment of two undeveloped coal projects, in the Gunnedah basin. First half profits soared 54%, to A$498-million as a result of...

Aston buys Maules Creek coal project, plans ASX listing

Mining investment firm Aston Resources plans to pursue an ASX listing and other capital initiatives this year as it aims to rapidly develop its mining plans, the group confirmed on Thursday, when it announced it had completed the acquisition of...

Long-term outlook for diamond jewellery positive – analyst

While the short-term outlook for consumer demand for diamonds was somewhat depressed, the longer-term outlook for purchases of diamond jewellery was positive, Royal Bank of Canada Capital Markets global mining research analyst Des Kilalea said at...