Freeport replaces CEO at Indonesian unit after strike

Freeport-McMoRan Copper & Gold's will appoint a new chief executive at its Indonesian unit, the Arizona-based miner said on Friday, as it looks to turn the page after it made an agreement last month to end a crippling three-month strike. Rozik...

Copper Strike shareholders to back Einasleigh development plan – analyst

Base-metals explorer Copper Strike is likely to pull off its Einasleigh joint-venture (JV) agreements with its new Chinese partners despite major shareholder Kagara not supporting the development plan, an analyst said on Thursday. Kagara ended up...

How Australia’s mining sector will foot the federal bill

The response to the Australian federal government’s plans to impose a 40% tax on the country’s resources sector has been severe, with critics labelling it a “tax grab” and accusing Prime Minister Kevin Rudd of damaging the country’s...

How Australia’s mining sector will foot the federal bill

The response to the Australian Federal government’s plans to impose a 40% tax on the country’s resources sector has been severe, with critics labelling it a “tax grab” and accusing Prime Minister Kevin Rudd of damaging the country’s...

Shock Australian mine tax hits shares

The share prices of Australian miners took a knock on Monday, after Federal Treasurer Wayne Swan announced a 40% tax on resource profits from July 1, 2012. The world's biggest diversified miner BHP Billiton's stock slumped 3% A$38,9 a share on...

Australia likely to see ‘queue of IPOs’ in 2010

Australia is likely to see an increase in initial public offerings (IPOs) in 2010, as confidence in the resources sector continues to improve. In recent weeks, several IPOs have been announced, including Mineral Deposits Limited spinning out its...

Fund continues pursuit of Anaconda

Vulture fund MatlinPatterson Global Opportunities LP said on yesterday it is pursuing its hostile bid for Anaconda even after being ordered to decide whether to waive a key condition.

Anglo backs Anaconda bid

A US vulture fund launched a A$120-million ($70-million) takeover yesterday for debt-laden Australian miner Anaconda Nickel, which raised nearly $500-million six years ago on a promise to transform nickel mining.