$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

Gold slumps on scepticism of EU meeting

Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...

CME leads rare-earth delegation to Europe

The Western Australian Chamber of Minerals and Energy (CME) would actively participate in the promotion of Australian rare earths to export destinations, leading an industry delegation on a 13-day tour of Germany, France and the UK. CME chief...

East Africa to join world gas giants

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off...

World’s biggest miner pulling in its horns

The world’s biggest mining company is pulling in its investment horns. BHP Billiton chairperson Jac Nasser says that the investment climate has changed since the company spoke of spending $80-billion on project growth by 2015. “As much as...

Mining and power exhibition 2012 largest yet

The tenth West African Mining and Power Exhibition (Wampex) is the largest in history, both in exhibitor numbers and square meters used to host the event, states event organiser Exhibition Management Services (EMS).

Commodities down again on Europe fears; oil, metals sink

Commodities fell on Tuesday after a one-day gain, with oil prices down about 2% and copper and gold hammered too, as a new leader in France and a leadership struggle in Greece raised fresh worries about Europe's debt crisis and sparked broad...

Australia government climbs out of the red with 2012/13 Budget

Australia's government delivered its promised surplus budget on Tuesday, scrapping planned tax breaks but offering more cash to its traditional supporters to deflect attention from scandals that threaten Prime Minister Julia Gillard's grip on...

UK orders Anglo-Lafarge venture to sell assets

Miner Anglo American and cement maker Lafarge must sell major assets to win British clearance for a tie-up of their building materials businesses, a move the regulator hopes could bring new players into the market. Britain's Competition...

Uranium-rich South Africa good environment for nuclear plants

South Africa’s vast reserves of uranium and good investment environment support the establishment of new nuclear power plants throughout the country, states a report by global business intelligence provider GlobalData, called ‘South Africa...

Company Announcement: Rio Tinto receives binding offer for its specialty aluminas business

Rio Tinto has received a binding offer for its specialty aluminas business from H.I.G. A period of exclusivity has been agreed to with H.I.G. and Rio Tinto will respond to the binding offer following consultation with the relevant European works...

South Africa goes big on nuclear a year on from Fukushima

South Africa will come to the rescue of a nuclear industry, still struggling for customers a year after Japan's Fukushima disaster, with a tender for one of the world's biggest atomic power deals. Firms from France, the US, Japan, South Korea,...