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New Australian Mining Tax on Profits Introduced

March 23, 2012 • Mining & ResourcesComments (0)

After battling with mining companies for the past two years, Australia’s parliament finally passed a law levying 30 percent tax on coal mine and iron ore profits. The legislation, which was passed last Monday, is considered to be a major win for the minority government led by Prime Minister Julia Gillard. All in all, 30 …

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RBA: Mining Boom to Last 10 Years

March 5, 2012 • Mining & Resources, World NewsComments (0)

Reserve Bank of Australia board member John Edwards today said the country’s mining boom will burn bright for the next 10 years, then slow to more average rates of growth. In a note written for the Lowy Institute, a foreign affairs think tank, he said

New Rinehart-Rio Mine to Create 1500 Jobs

March 2, 2012 • Mining & ResourcesComments (0)

Billionaire Gina Rinehart and Rio Tinto have received the final approval to develop their joint venture iron ore mine in Western Australia for $US1.2 billion ($1.12bn). The WA government yesterday granted a special license to Rio and Mrs Rinehart’s

WA Premier Opens Santos Devil Creek Gas Plant

February 28, 2012 • Mining & ResourcesComments (0)

The Premier of Western Australia, Hon Collin Barnett MLA, has officially opened the Devil Creek gas plant, a joint venture between Australian energy company Santos and Apache Energy. Devil Creek is Western Australia’s third domestic gas processing plant

Job Threats as BHP Suspends 50-Year-Old Tasmanian Plant

February 23, 2012 • Mining & ResourcesComments (0)

BHP Billiton announced today that it would temporary suspend production at TEMCO, the mining giant’s manganese alloy production facility, located in George Town, Tasmania from early to mid-March. The miner said the plant’s competitiveness has been

Robotic Trains for Rio Tinto’s Pilbara Site

February 21, 2012 • Mining & ResourcesComments (0)

Rio Tinto announced it will run the world’s first automated long-distane heavy-haul rail network, with a US$518 million investment (Rio Tinto share US$478 million) in driverless train. News emerged after Rio Tinto announced its commitment in the

NSW TO REPEAL BAN ON URANIUM EXPLORATION

February 18, 2012 • Mining & ResourcesComments (0)

The NSW Government will today introduce legislation into Parliament overturning the ban on uranium exploration in NSW, NSW Premier Barry O’Farrell and Minister for Resources and Energy Chris Hartcher announced today. “It is time for NSW to look at every