Ivernia sees end to Magellan shutdown (August 14, 2008)
Ivernia’s (IVW-T) Magellan lead mine in Western Australia is still on care and maintenance but the company says it …
Australia, NZ & South Pacific
“Friedland envy” haunts Diggers & Dealers
Perth, Western Australia — Over the past five years, master entrepreneur Robert Friedland has created a guessing g…
Billionaire to form China-focused resource giant
An Australian billionaire plans to launch his private company, Resource Development International, as a resources g…
NGO’s ready for BHP in Indonesia
A battle could be brewing for BHP Billiton (BHP-N, BLT-L) on a small island in Indonesia. The company that has …
Harmony and Newcrest teaming up in PNG
Two of the biggest gold miners not listed on the TSX are combining forces in Papua New Guinea (PNG) with the hopes …
JV buys Kintyre from Rio Tinto
Cameco (CCO-T, CCJ-N) is teaming up with a subsidiary of Mitsubishi Corp. (MSBHY-O) to buy Rio Tinto’s (RTP-N, RIO-L) Kintyre uranium project in Australia for US$495 million.
Teck and Xstrata close Lennard Shelf mine
Teck Cominco (TCK. B-T, TCK-N) and Xstrata (XSRAF-O, XTA-L) are closing the Lennard Shelf Pillara zinc-lead mine in Western Australia, because it is no longer economic.
Citigroup hikes short-term coking coal price targets
Citing continued tight supply, Citigroup has raised its targets for metallurgical or hard coking coal for the next few years. A research report by analyst Alan Heap forecasts that prices will rise in …
Barrick posts strong results despite inflationary pressures
Despite a 91% jump in oil prices, which averaged US$124 per barrel in the second quarter compared with US$65 per ba…
Crescent gets Australian potash play
Crescent Resources’ (CRC-V) move to acquire a massive swath of potash exploration ground in Australia sent the comp…
Peabody expanding presence in Australia
Peabody Energy (BTU-N) is taking all of the Millennium coal mine in Australia.The coal producer says it has alr…
UAE pours oil money into mining
In an effort to shield itself from escalating costs of infrastructure-related materials, the government of Ras Al Khaimah, a part of the United Arab Emirates (UAE), has set up what may become the firs…