Paladin Energy has appointed former Mount Gibson Iron chief financial officer Alan Rule to replace Garry Korte, who has been poached by Gina Rinehart’s Roy Hill Holdings, a subsidiary of Hancock Prospecting.
Western Australia-based lithium miner Galaxy Resources has announced it will acquire Canada’s Lithium One to create the largest pure-play lithium company in the world, with a market capitalisation of just under $500 million.
Mining services company Ausdrill has signed on as the major sponsor of the Hockeyroos, Australia’s women’s hockey team, in a two-year deal that ends a long search for financial backing.
Diamonds might be a girl's best friend, but they appear to have had a falling out with mining giant Rio Tinto.
Rio, the world's third-biggest miner, has flagged the prospect of selling off its diamond business.
Azimuth Resources is shifting its headquarters from Perth to North America, to be closer to its gold and uranium operations in Guyana.
Azimuth also announced today it would recruit a new chief executive to be based in North America.
The mining industry has lashed out at suggestions the federal government is considering a cut to the diesel fuel tax rebate to prop up its budget, saying a further reduction was the equivalent of introducing a fourth new tax on the sector this year.
BHP Billiton says growth in Chinese demand for iron ore appears to be flattening out but fellow mining giant Rio Tinto is expecting Chinese demand to outstrip supply over the next seven years.
Forge Resources shares have jumped after it announced it had lined up $50 million in funding and signed a joint venture partner for its Balla Balla iron ore project near the Pilbara coast.
Prime Minister Julia Gillard's mining tax looks set to pass the Senate tonight, after the Australian Greens signalled they would vote for the legislation even though their preferred amendments have been rejected by the government.
Mining giant Rio Tinto has awarded contracts collectively worth around $100 million to global power and automation technology group ABB, to construct 17 power distribution substations to support Rio’s iron ore expansion in the Pilbara.
Mining and mining related businesses make up 20 per cent of the national economy and the sector is much larger than many people think, a Minerals Council of Australia report says.
Western Australia boasts the top four producing gold mines in Australia as the country remained the world’s second-largest producer of the precious metal during the 2011 calendar year, gold mining consultants Surbiton Associates reported.
Perth-based funds manager Viento Group says it is aiming to enter the mining services industry, after committing to buy “significant items of equipment” to bolster its hire fleet.
FOR THE RECORD DOWNLOADS
