RESOURCES CORNER

Life begins under mining & carbon taxes
09 Jul 2012 – The new financial year brings with it controversial new mining and carbon taxes, amid scepticism the mining tax will not generate the revenues projected by the government.

Mining expansion and merger plans
07 JUL 2012 - Resources and mining companies making news include BHP Billiton acquiring more Olympic Dam exploration licenses and gold miners St Barbara and Allied Gold outline merger plans.

Mining tax challenge
25 Jun 2012 - Resources and mining companies making news include Fortescue lodging a High Court challenge against the Minerals Resource Rent Tax and Downer EDI is awarded a contract to build trains for Fortescue.

Mining proposals and debt reduction
18 Jun 2012 - Resources and mining companies making news include Whitehaven Coal receiving a proposal from billionaire Nathan Tinkler and BlueScope saying it has no plans for an equity raising.

High costs threaten mining
08 Jun 2012 - The Business Council of Australia (BCA) says high costs and low productivity are putting the country’s pipeline of investment in resources at risk.

Miners reassess expansion
04 Jun 2012 - Fortescue chief Nev Power says the company will reassess its aggressive iron ore expansion plans and a new report shows falling commodity prices and rising costs are making new mining projects less attractive.

Mining takeovers and acquisitions
28 May 2012 - Sundance Resources revises the terms of its takeover agreement with Hanlong Mining and AGL receives clearance for its proposed acquisition of the Loy Yang power station.

BHP issues stern warning
21 May 2012 - BHP Billiton’s chief executive Marius Kloppers says most miners will face lower cash flows and chairman Jac Nasser says the miner will not invest $80 billion on growth projects over the next five years as announced last year.

Steel loses appeal
14 May 2012 - Resources and mining companies making news include OneSteel’s shareholders approving the company’s proposal to change its name to Arrium and Iluka Resources will reduce planned zircon production this year.

Gas deals on the rise
07 May 2012 - Resources and mining companies making news include Woodside selling a stake in its Browse LNG development and Origin inks a deal to sell gas from its Queensland coal seam gas reserves.