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Latest Mining News from Australasia
Legend completes sale of the Mt Gibson Gold Project
Published Date: May 17, 2012
Source: miningne.ws
Legend Mining has settled a final milestone payment on the Mt Gibson Gold Project through the issue of 10 million shares to Oroya Mining (AS... read more
Vale, QR National Sign Accord to Study Coal Rail in Australia
Published Date: May 16, 2012
Source: miningne.ws
Vale and QR National signed an initial agreement to study building rail roads to ship coal from planned Vale mines in Australia.
Vale and QR... read more
Mine boom warning as shares dive
Published Date: May 17, 2012
Source: miningne.ws
Investors nervous about Europe and the slowing global economy have wiped another $30 billion from the value of Australian shares - as the ch... read more
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SNC-Lavalin Announces Contract With Petroleos De Venezuela S.A.
Created by: MiningNe.ws
March 27, 2012
SNC-Lavalin is pleased to announce it has signed a project management contract with Petroleos de Venezuela S.A. for the Delta Caribe Oriental Project. The value of the contract is approximately $133 million CDN.
The Delta Caribe Oriental project is in the Sucre State in northeastern Venezu... read more
Mining skill shortage continues
Published Date: May 17, 2012
Source: miningne.ws
The building of mines and related infrastructure will continue to underpin the non-home construction sector for the next two years, a survey... read more
BHP won't meet $80b spending target
Published Date: May 16, 2012
Source: miningne.ws
BHP Billiton won’t meet its $80 billion spending target for building mines and expanding assets over the next five years as it sees co... read more
Crocodile Gold posts wider loss as costs weigh
Published Date: May 16, 2012
Source: miningne.ws
Crocodile Gold, which operates gold mines in the Northern Territory of Australia, reported a wider quarterly loss as higher cash costs weigh... read more
Monadelphous provides update on two new contracts
Published Date: May 16, 2012
Source: miningne.ws
Monadelphous Group today announced it has been awarded two new construction contracts with a combined value of approximately $150 million. T... read more
GE buys Aussie equipment company
Published Date: May 15, 2012
Source: miningne.ws
US giant General Electric aims to increase its presence in the booming resources sector through a $700 million friendly takeover for Austral... read more
Ivanhoe Australia says up to 8 bidders eying mine stakes
Published Date: May 16, 2012
Source: miningne.ws
Gold and copper miner Ivanhoe Australia has received interest from up to eight bidders for stakes in its projects and may in the process end... read more
Kentor Gold: Gold mining underway at Murchison, start up on schedule for mid year
Published Date: May 16, 2012
Source: miningne.ws
Kentor Gold is on track to join the ranks of Australian gold producers, with mining underway at the Murchison Gold Project.
The company is o... read more
Space, the mining frontier: U.S. company eyes asteroid bonanza
April 26, 2012 by miningne.ws team
By Robert Hiltz and Christine Dobby, Postmedia News and Financial Post
Once the fictional purview of spacefaring roughnecks played by Bruce Willis and Ben Affleck, the mining of asteroids could start moving from big screen to big sky in as little as two years, the world heard Tuesday.
"If ... read more
Significant base metals and gold 2011 acquisitions spending
May 15, 2012 by Metals Economics Group
Halifax, Nova Scotia, May 15, 2012 – According to Metals Economics Group’s (MEG) recent Strategic Report, the 2011 dollar volume of significant ($25 million minimum) acquisitions totaled $47.4 billion—down 4% from 2010’s $49.3 billion. In the context of an ongoing E... read more
