Commodities:
Indian demand may boost Australian coal exports
Australia's buoyant coal industry has received another positive signal that any extra export volumes will be eagerly snapped up by international buyers, particularly a rapidly-expanding market in India.
Centrex-WISCO JV clears way for new SA iron ore mines
Minister for Mineral Resources Development Paul Holloway has witnessed the signing of a South Australian-China joint venture deal that aims to develop two new iron ore mines on Eyre Peninsula.
Rio Tinto approves funding for iron ore expansion
Rio Tinto announced, on July 14th, US$200 million funding to prepare for the expansion of its iron ore operations in Western Australia.
Medium-term gold price forecasts “cautious”: RCR
In the GFC-dominated period since the first half of 2008, gold has been the standout performer said Resource Capital Research (RCR) in its latest quarterly report on junior and mid-tier gold companies.
Kazakhstan uranium continues downward pressure on cost curve
Kazakhstan’s mine supply growth is expected to exert further downward pressure on the global sector near/mid-term cash cost curve, according to equity research firm Resource Capital Research (RCR).
Hancock gets green light for $7.2bn iron ore rail link
The unlisted company owned by Australia’s wealthiest woman, Hancock Prospecting, has been given the green light to develop a rail line connecting its Roy Hill iron ore project to Port Hedland in Western Australia.
WA stocks deliver 400 per cent growth in last decade
The Deloitte WA Index, which tracks the market capitalisation of Western Australian listed companies has grown by 418 per cent over the last decade to April 30th, 2010.
Iron ore spot price tipped to increase in coming months
The spot price for iron ore over the next three months is forecast to increase by 23 per cent over the previous quarter to US$148/t (FOB, 62 per cent Fe), according to equity research company Resource Capital Research (RCR).
Mineral Resources signs rail haulage agreement
Mineral Resources Limited (MRL) has signed an agreement for the provision of rail haulage for its Carina Yilgarn iron ore project in Western Australia with QR Freight.
New iron ore discovery on SA-NSW border
A new magnetite iron deposit more than 40 kilometres in length and drill proven to be up to 124 metres thick, has been discovered by a joint venture group.
Signing of US$1.2 billion Karara loan facility
Gindalbie Metals applauded China’s support for emerging Australian resource projects following the formal signing of key loan documentation for a US$1.2 billion project loan facility.
Energy & minerals prices to dip in second half: ABARE
World prices for many energy and minerals commodities in the second half of 2010 are forecast to average lower than the first half of the year, according to the Australian Bureau of Agricultural & Resource Economics (ABARE).
New State agreements with iron ore majors
After twelve months of discussions the WA Government has reached an historic new agreement with BHP Billiton and Rio Tinto about iron ore royalties for fines and the development of the Pilbara iron ore industry.
Vale targets Aquila share of Belvedere coal project
Following its US$92 million purchase of AMCI’s stake in the Belvedere coal project in Central Queensland, Vale said it has now exercised its option to purchase Aquila’s 24.5 per cent stake to take full control and ownership of the project.
Ramelius passes 100,000oz milestone at Wattle Dam
A high grade Western Australian gold mine wholly-owned by Ramelius Resources Limited has achieved the milestone of 100,000 fine ounces of total gold production.
Investment in iron ore washing gathers pace in India
Two of the largest steel producers in India have recently purchased new iron ore washing plants from CDE Global through their sister company CDE Asia with headquarters in Kolkata, India.
China Magnesium launches $8 million IPO
Vertically integrated magnesium company, China Magnesium Corporation (CMC), announced it has lodged its prospectus with ASIC for an $8 million initial public offer and listing on ASX.
Karara contracts and orders approach $1 billion
Gindalbie Metals has announced the Karara Iron Ore Project will reach a key milestone in coming months with the value of service contracts and orders expected to reach a total of $1 billion.
Australian gold output steady in March quarter: Surbiton
Australian gold production declined slightly in the March 2010 quarter according to the latest research from Melbourne-based industry consultants Surbiton Associates.
Tax attack: Fortescue ices $17.6 billion of new projects
Shares in Fortescue Metals Group dipped on the back of the Pilbara miner's decision to put two of its three expansion projects on hold in response to the Federal Government's new mining tax.
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