The Securities and Investments Commission says the ruling raises important issues as to the proper interpretation and application of Australia's Corporations Act
The once almost impenetrable brick wall to contemplate an uranium mining project in Western Australia was shown Wednesday to be a hurdle that can now be jumped.
A massive Australian coal export deal with China, seen as boosting the economy and creating jobs, would ultimately result in enormous greenhouse gas emissions, The Greens political party said.read more »
Anglo-Swiss mining group Xstrata on Monday reported a 41 per cent drop in its annual profit in 2009 and pinned its hopes on a renewed boom in commodities demand in China and other emerging economies.read more »
Chinese resources company Chinalco was offered a 19.9 per cent stake in Rio Tinto's iron ore operations and up to 45 per cent of the rest of the business in 2008, it has emerged.read more »
Further Australian Mining News Headlines from NewsMine
NICKELORE LIMITED Monday, February 08, 2010
Nickelore Limited has entered into a heads of agreement to acquire up to a 51% interest in a Gold and Copper Project in Papua Province, Indonesia. The Papua Gold & Copper Project, which covers an area of approximately 91 square kilometres and is located in the Central Papua Province of Indonesia, comprises two general survey mining licences. The Papua Gold & Copper Project area is approximately 45 km along strike from the Freeport Grasberg operations and the world class Wabu deposit. Property: PAPUA PROJECT (Complete Text of Aug 12, 2009 News Release)
PROTO RESOURCES AND INVESTMENTS LTD Monday, February 08, 2010
Proto Resources & Investments announced the first assay results received from the current phase of drilling at the Barnes Hill project near Beaconsfield in Tasmania, Australia. Drilling highlights include from hole BHA124 returned 10m at 1.0% nickel and 0.078% cobalt from 3m, in hole BHA146 intersected 16m at 1.4% nickel and 0.048% cobalt from 9m and in hole BHA153 found 13m at 1.5% nickel and 0.092% cobalt from 11m. Property: BARNES HILL (Complete Text of Feb 8, 2010 News Release)
ZAMIA GOLD MINES LIMITED Monday, February 08, 2010
Zamia Gold Mines announced that it has completed the issue of 23,636,365 fully paid ordinary shares to sophisticated investors at an issue price of 5.5 cents per share to raise A$1,300,000. (Complete Text of Feb 8, 2010 News Release)
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