Global Mining
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.
China tapped for $11 billion resources investment
China is to pour about $11 billion into Australia's port, rail and mining projects in a deal signed on June 21st by Prime minister Kevin Rudd and China’s vice president Xi Jinping.
Aust companies focused on overseas expansion, despite financial barriers
Export Finance and Insurance Corporation (EFIC) released its third annual Global Readiness index (GRi), which shows that Australian companies are continuing to seek expansion opportunities across the globe.
Largest regional increase in drill results from Australia
March and April saw a 14 per cent increase in the overall number of financings and a tripling of new base metals resource announcements, according to mining analysts at Metals Economics Group.
Impact of the Philippines’ elections on the mining sector - part three
The outcome of the Philippine presidential elections has major implications for the country’s economy and all its component sectors, in particular its mining industry. The final part in this series looks at security risks to mining operations in the Philippines.
Impact of the Philippines’ elections on the mining sector - part two
The outcome of the Philippine presidential elections has major implications for the country’s economy and all its component sectors, in particular its mining industry.
Impact of the Philippines’ elections on the mining sector - part one
The outcome of the Philippine presidential elections has major implications for the country’s economy and all its component sectors, in particular its mining industry.
FIRB approval for Beyondie iron ore project joint venture
Emergent Resources has advised that the Foreign Investment Review Board (FIRB) has approved its A$200 million joint venture with Chinese state owned Beijing China Metallurgical Investment Company (CMIC).
Gold Coast mining firm expanding operations to Brazil
Gold Coast based mining resource company Reynolds Soil Technologies (RST) are expanding operations globally, and are building a new manufacturing arm in the mining rich country of Brazil.
Mining industry enjoying ‘renaissance’: Deloitte
Deloitte Corporate finance partner, Eric Lilford, reports despite some continued caution about high/risk high return exposure, good projects are attracting the necessary funding and the mining industry has enjoyed a renaissance over the last six months.
Austmine Board denounces Resource Rent Tax
Australia risks rapid erosion of its world-leading mining knowledge and skills base, the foundation of a $A40 billion technology and services (MTS) sector, by selectively targeting the mining industry with new tax measures.
Culture shock should be seen as a bonus not a barrier
Australia’s resources houses have been urged to checklist how culture shapes China’s way of doing business in order to attract Sino project partners by business consultancy Kimberley Global.
Consultant’s Comment: Strengthening Australian–Russian mining relations
As we are now on a steady path out of economic recession it is paramount to look into new opportunities for the Australian mining community which may benefit from the strengthening of relations with Russia.
Coal export bottlenecks 'costing millions'
The record bottlenecks at Australia's coal export terminals are incurring millions in demurrage costs and the loss of millions of tonnes of coal exports as buyers look to other markets.
Ansteel to take 100% production tonnage from Karara
Gindalbie Metals announced finalisation of a long-term off-take contract with its joint venture partner, Ansteel, covering the life-of-mine production from the Karara Iron Ore Project in Western Australia.
Rio Tinto and Chinalco sign MoU for African project
Rio Tinto and Chinalco have signed a non-binding memorandum of understanding (MoU) to establish a joint venture covering the development and operation of the Simandou iron ore project in Guinea.
Platts introduces world-first daily coal price assessments
Global energy and metals information provider, Platts, has launched the world’s first daily metallurgical coal assessments to address miners’ and steel mills’ needs for independent data in the burgeoning Asian market.
Decline in mineral export earnings: ABARE
In 2009, earnings from Australia’s mineral resource exports declined by 14 per cent to $131 billion as a result of lower prices for many commodities, according to the Australian Bureau of Resource & Agricultural Economics.
US$1,000 an ounce no longer gold’s ‘magical barrier’
The magical US$1,000 an ounce price for gold - once considered unachievable - will be increasingly regarded more as the future “bottom out” floor price, according to a senior Westpac economist.
Australia-China mining relations in the Year of the Tiger
1997 was the last time we entered the Chinese Year of the Tiger, and it was a year to forget with several Asian tigers heavily hit by the financial crisis, an abrupt end to a decade of economic growth.
