Industry News
Latest news on mining, resources and energy…
The Australian: mining & energy news
- Fortescue leads sell-off
19 May 2012
THE value of Australia's second-tier iron ore producers was slashed yesterday in response to BHP's warning on prices and demand.
- Gusmao backs Aussie links over gas
19 May 2012
THE dispute between East Timor and Woodside Petroleum over gas fields should not weaken international ties, PM Xanana Gusmao says.
- Coming LNG demand 'unrivalled'
19 May 2012
A coming change in eastern Australian gas demand fuelled by $60 billion of coal-seam gas LNG projects is on a truly global scale.
- Key national asset at risk
19 May 2012
IAN Macfarlane and Chris Hartcher have kicked up something of a storm by pointing out the elephant in the room.
- Japan pressure on projects
19 May 2012
AUSTRALIA'S $100 billion pipeline of gas export projects, already being hit by cost blowouts, is coming under more pressure.
Mining Journal news
- Vale joins QR in Galilee rail competition
18 May 2012
Vale SA has signed a memorandum of understanding with Australian rail operator QR National, with a view to cooperating in the development of a contested rail link in Queensland’s Galilee Basin. - BHP chair weighs in on Australia taxes, labour and commodity boom
18 May 2012
BHP Billiton's chairman Jac Nasser said that debate around Australia’s mineral taxation regime was damaging the country’s prosperity, while labour unrest and union activity meant the world's largest miner had been “unable to operate its business in a fair and consistent way.” - Anglo Platinum launches platinum-based fuel cell locomotive
17 May 2012
Anglo Platinum Ltd has launched a platinum-based fuel cell powered mine locomotive prototype. - Northern Iron rejects A$477m offer
15 May 2012
The board of Northern Iron Ltd has rejected an offer to buy the company from India’s diversified Aditya Birla Group (ABG), which would have paid around A$477 million (US$477 million) for the Norway-focused iron-ore producer. - Lonmin profits and production fall
14 May 2012
Platinum group metals (PGM) producer Lonmin plc said its earnings and production fell over the half year to March 2012, owing to weaker PGM prices and closures at its mines in South Africa.
