Employees of OneSteel have been warned to brace for tougher days ahead as the company reduces costs.
MMG opened on Monday its new copper open pit mine at its Golden Grove operations. The $22-million project is expected to produce 235,000 tonnes of copper concentrate containing 59,600 tonnes of copper metal in concentrate at 25 per cent copper from 2012 to 2014.
With the forwarded drawdown from $300 million worth of funds to prop up its operations, Australia's OneSteel Ltd scrambles to turn around its operations within 12 months, according to reports.
Parliament is set to vote on the $11-billion mining tax measure this week. House leader Anthony Albanese said the vote could be as early as Wednesday as soon as the federal government secured the support of the crossbenchers.
Multi commodity explorer and miner Alkane Resources is edging closer toward development approval for its Tomingley Gold Project.
Santos Mine informed a Parliamentary inquiry that it will back out of a planned coal seam gas (CSG) pipeline pipeline project in New South Wales's (NSW) central west.
Rio Tinto Alcan intends to close the Lynemouth aluminium smelter, subject to the completion of a 90-day consultation process with employee and union representatives. The company is also in exclusive discussions regarding the potential sale of the power station at the site.
Commodity explorer and miner, Alkane Resources (ASX: ALK), has upgraded its resource of zirconia and rare earths at Dubbo in the central west of NSW.
The debate in Australia whether to lift the bank on uranium export to India or not continues with pro and anti groups airing their sides.
Woodside Petroleum Limited (ASX: WPL) said its $30-billion proposed Browse liquefied natural gas (LNG) project in Western Australia would have a low risk to the environment.
Toyota Motor Corporation announced over the weekend that it is recalling about 550,000 cars from the market due to steering issues. In Australia, affected by the manufacturer recall are 21,792 Camry V6 vehicles made in Toyota's plant in Altona, Australia.
Greenhouse gas emissions (GHG) from the Australian power industry increased by 3.8% over the month of October, as lost generation gradually made a comeback in the lead up to summer, according to October's Emissions Insights report from RepuTex carbon analytics.
Western Australia and BHP Billiton (ASX: BHP) agreed on Thursday to increase the royalty rate for iron ore after it amended the State Agreements Acts. The deal, however, is subject to approval by the state's parliament.
Barring any possible glitches, cigarettes marketed in Australia will hit the shelves in December 2012 bearing nothing but a plain olive brown packaging and a bold health advisory meant to dissuade smokers from lighting their next stick.
China's clampdown on its rare earths production has alarmed trading partners led by Japan, which intends to take up the issue at the Asia-Pacific Economic Cooperation Forum in Hawaii.
The various and extensive use of permanent magnets in electronic gadgets, radars, hybrid cars, energy efficient solar panels and wind turbines will continuously push the demand and price for rare earths in 2012.
A battle is brewing between wine producers and proponents of a coal seam gas project in Hunter Valley as the vineyard owners seek to stop AGL Energy from exploring and putting in gas wells through the area's vineyards.
Mindoro Resources (ASX: MDO) announced on Tuesday three new high-grade gold intercepts from two further drill holes at its mine in Batangas province in the Philippines. The gold intercepts are part of the infill and extension drilling of the Southwest Breccia (SWB) epithermal gold shoot at the town of Lobo.
As the Australian Senate votes on the carbon price on Tuesday, the Labor government said it will stick to its proposed $23 per tonne price.
The destructive floods in Bangkok and Thailand's northern provinces have disrupted global supply chains as major production hubs for electronic supplies and automotive parts are now submerged.
Rio Tinto Chairman Jan du Plessis said on Friday that while Australia is known as the Land Down Under, present global economic realities is that it is Europe which is down under.
As floods continue to wreck havoc in Thailand, the death toll has now risen to 356 and more than 2 million had been affected within the 147 districts and 26 provinces still submerged by the worst natural disaster in a century in this developing Southeast Asian country.
Toyota will make health care robots available in the market by 2013. The mechanical assistants would be capable of lifting disabled patients out of bed and helping them walk.
Rio Tinto will buy from Japanese firm Komatsu Limited 150 driverless trucks in the next four years under its Mine of the Future programme.
The latest seasonally adjusted Australian Industry Group - PwC Australian Performance of Manufacturing Index (Australian PMI®) contracted in October, albeit at a slower rate than recent months, rising 5.1 points to 47.4. The decline was particularly pronounced across the clothing and footwear sub-sector and sub-sectors linked to the construction industry.
Boeing announced Monday it is leasing the space shuttle processing hangar at the Kennedy Space Center in Florida for use as operational base for its commercial manned spacecraft business.
Rio Tinto plans to conduct a complex testing program in 2012 for its VK1 exploration technology.
Mining billionaire Gina Rinehart predicted continuous growth for Australia's booming mining industry despite threats from red tape, taxes and labour shortages.
Vector, the operator of the natural gas pipeline in New Zealand's North Island, reported a rupture on its Maui pipes. The rupture happened at a considerable distance south of New Zealand Steel's Glenbrook and Taharoa operations.
Alkane Resources (ASX: ALK) has committed 100 per cent the niobium production of its Dubbo Zirconia Project (DZP) in central west New South Wales (NSW) to a joint venture (JV) with a European firm.