Iron ore sets trade record as price recovers

Peter Ker Australia's iron ore miners are set to cash in on rebounding prices, with statistics suggesting record amounts of the bulk commodity were shipped during December.

Miners to reap reward from iron ore jump

fortescue cloudbreak

Peter Ker Australian miners are set to cash in on the resurgent iron ore price, with new statistics showing that a record volume of the commodity was exported out of Port Hedland in December.

Gindalbie overcomes delays to ship first ore

iron ore

Gindalbie Metals shares soar after the miner shipped its first cargo of magnetite from Western Australia.

Sundance soars with Congo approval

The Mbalam iron ore mine in the Congo.

Madeleine Heffernan Shares in Sundance Resources soared in the last trading day of 2012 amid expectations that its long-awaited takeover by a significant shareholder will go ahead in early 2013.

More mining approved in the Tarkine

The Tasmanian government has granted another mining lease for the Tarkine, just days after approving an open-cut operation in the environmental hot spot.

Origin sells stake in future oil production

Origin Energy has agreed to sell part of its future oil and condensate production for $287 million.

OZ blames slide on analyst remodelling

Consistent: Oz Minerals' Prominent Hill gold-copper mine.

Peter Ker OZ Minerals is set to report 2012 earnings that are about 15 per cent lower than the year before, and the slide may continue into 2013.

AFP raids offices of Perth Glory owner Sage

Perth Glory owner Tony Sage

Robyn Preston Properties across Perth have been raided as part of a joint operation by the Australian Federal Police, Australian Tax Office, Australian Securities and Investment Commission and the Australian...

Michael West

They stole our gold mine!

Gold Mining.

Michael West Intrepid Mines top brass have finally broken their silence over the intrigue in Indonesia, claiming that unscrupulous local interests are stealing their gold mine.

Whitehaven shares jump on takeover rumours

open cut coal mine.

Whitehaven Coal’s shares have shot up in early trade amid market speculation that China’s largest coal company, Shenhua Group, could make a takeover offer.

No green light for Toro uranium mine

Peter Ker Uranium aspirant Toro Energy has been dealt a blow, with Environment Minister Tony Burke refusing to approve the company's plans for Australia's next uranium mine.

Tasmania divided over new mine approval

Iron ore

Peter Ker A new mine will be built in Tasmania's Tarkine wilderness, after federal Environment Minister Tony Burke gave final approval for Shree Minerals to go ahead with its Nelson Bay iron ore project.

MMG seeks funds for new zinc mine

Peter Ker Investment in new mines has not entirely dried up, with a Chinese dominated company seeking to raise about $1.2b to build a new zinc, lead and silver mine.

Fortescue puts key assets on the block

Atlas Iron has borne the brunt of a bad day for Australia's iron ore exporters.

Peter Ker Update Fortescue is poised to sell off part of its most valuable asset, as the company continues efforts to lower debt and free up enough cash to restart expansion projects.

China still committed to WA's iron ore

iron ore

Peter Cai and Peter Ker Chinese leaders have signalled they will continue to support investments into Western Australian iron ore, despite the recent slump in demand for the bulk commodity.

Mining boom puts Antarctica jobs on ice

Antarctica

There are times when the sun never sets on Antarctica, but a long-term Australian programme encouraging people to "live the dream" and work in the vast frozen landscape is having to extend a deadline...

Costs blow out to $52b at Gorgon LNG

Gorgon on budget blowout (Thumbnail)

Peter Ker With costs accelerating, the Gorgon LNG project will almost certainly be the most expensive resources project ever attempted in Australia.

Toro shares soar on leadership change

Uranium pit.

Peter Ker Toro Energy will have a change of leadership around the time its controversial uranium mine proposal wins its final government approval.

Lynas plant start sparks share rise

lynas

Glenda Kwek Lynas has started production at its controversial Malaysian plant, calling it a ‘‘significant milestone’’ for the company.

Rinehart partner Posco looks for Roy Hill investors

Pilbara

South Korean steelmaker Posco is looking for strategic investors in the $1.4 billion stake it has in Gina Rinehart's Roy Hill iron ore project.