australia mining news

Today I want to take a brief – very brief – look at China. You know China, that’s the economy to our north that saved Australia from economic death last year.
As you may have read in these pages before, don’t believe the hype about Australia’s resilient economy and sound banking system being the reasons why [...]

Anglo-Australian mining giant Rio Tinto said Thursday it had secured its first-ever iron ore sale to India, a “ground-breaking” development it described as significant for its future.
Iron ore chief Sam Walsh said Rio had sold a 160,000 metric-ton shipment to Indian steelmaker Essar for delivery later this month.
“To me, this is a ground-breaking sale and [...]