Rio upbeat about Pilbara’s iron-ore future

Diversified miner Rio Tinto has moved to allay fears that it was close to depleting its iron-ore deposits in the Pilbara, with iron-ore CEO Sam Walsh saying that the company was expecting growth in output. “Our mine plan presently extends to...

Mongolia iron-ore miner in $300m Hong Kong IPO – source

Mongolian iron-ore miner Altain Khuder plans to raise about $300-million through a Hong Kong initial public offering (IPO), a source with knowledge of the matter told Reuters, underscoring a push by mining companies from the resource-rich country...

Australia, Latin America should strengthen links – Carr

Australia’s Foreign Affairs Minister Bob Carr has called for a closer business relationship between Australia and Latin America, saying that more could be done to build on the strong foundation that mining had left. Speaking at the Latin...

Latin America key to Xstrata 60% copper growth target

Swiss-listed diversified miner Xstrata said on Tuesday that the expansion of its copper projects in Latin America would be fundamental to achieving its 60% copper-output growth over the next three years. Speaking at the first day of the 2012...

Company Announcement: Thousands of Sydney workers joining mining boom

Thousands of Sydney workers are directly benefiting from the NSW mining industry making it essential that mining in our State is supported by sound government policies

BHP may delay at least two mega projects to rein in spending

BHP Billiton, the world's biggest miner, is likely to delay signing off on at least two mega projects after its chairman put the brakes on an $80-billion plan to grow the company's iron-ore, copper and energy operations, analysts say. Slumping...

Australian gas users fear shortage as LNG exports grow

Australia is on its way to becoming the world's top exporter of liquefied natural gas, but industrial consumers on the country's east coast are worried gas producers will ship so much to Asia's booming economies that domestic supplies will be...

Ivanhoe Australia says up to 8 bidders eyeing mine stakes

Gold and copper miner Ivanhoe Australia Ltd has received interest from up to eight bidders for stakes in its projects and may in the process end up with a new controlling stakeholder, said CEO Peter Reeve. Ivanhoe Australia, with a market value...

Company Announcement: Memorandum of Understanding Executed Between Arafura and a Major Korean Group

Australian Rare Earths company Arafura Resources Limited is pleased to announce it has executed a non-binding Memorandum of Understanding with a major Korean multinational organisation to cooperate on long-term business arrangements in Rare Earths...

Australian billionaire says to build nickel freight fleet

Australian businessman Clive Palmer on Friday said he plans to build and operate a fleet of four freighters to import nickel ore to a nickel refining plant purchased from BHP Billiton . The decision by the billionaire, who made much of his...

Rio CEO warns of risks to global supply of metals

Global miner Rio Tinto warned on Thursday of risks to keeping up the global supply of metals as increasing demands from governments, rising costs and calls for buybacks and special dividends eat away at incentives to build new mines. "It is...

Minmetals says power cuts hit copper target at DRC mine

China's Minmetals Resources said on Wednesday its copper mine in Democratic Republic of Congo would fall short of production targets due to power disruptions. "These disruptions have resulted in the rescheduling of mining operations and a...