A controversial new mine to feed China's insatiable appetite for minerals is dividing a serene Papua New Guinean coastal community famous for its sea life and coral reefs. read more »
Two major Asian groups will make significant investments in Australian metals miners, the latest in a series of deals highlighting ongoing foreign interest in Australia's mineral resources. read more »
Further Australian Mining News Headlines from NewsMine
ADMIRALTY RESOURCES NL Friday, May 09, 2008
Admiralty Resources private placement raised A$5 million consisting of 28.6 million new ordinary shares. Funds will be used for providing working capital at the company's joint venture Cia Minera Santa Barbara to produce iron ore and expansion of the pilot plant at Rincon Salar. (Complete Text of May 9, 2008 News Release)
MIDWEST CORPORATION LIMITED Friday, May 09, 2008
Yilgarn Infrastructure Ltd says it would have made commercial sense for its on-again off-again ally Midwest Corporation Ltd to formally appoint it as its Oakajee port developer in Western Australia sooner, reports the Australian Associated Press.
(See Australian Associated Press: Yilgarn nomination not a moment too soon says chairman) (May 9, 2008)
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