Mining giant Xstrata has opened a new $4.5 million accommodation precinct at its Mt Isa mine in north-west Queensland.
The facility will cater for new employees and offer them accommodation for three months.
Xstrata’s Steve de Kruijff says there are 93-bedroom duplex units as part of the complex, which is an environmentally-friendly design.
“We have got a lot [...]

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The Queensland Resources Council (QRC) says despite a jump in the state’s unemployment rate, the mining industry remains strong.
The jobless figure rose to its highest level since 2003 on Thirsday, but QRC chief executive Michael Roche says the resources sector is not to blame.
“The mining industry is going from strength to strength, despite the global [...]

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Mining group Petra Diamonds has discovered a 507.55 carat white diamond at South Africa’s Cullinan mine, one of the largest high-quality rough diamonds ever found, the firm said on Tuesday.
“This spectacular gemstone was recovered on Thursday 24 September and is currently with experts for analysis,” said a statement released by the London-listed company which operates [...]

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The West Australian Government has given final environmental approval for Gindalbie’s multi-billion dollar iron ore project in the state’s mid-west.
Gindalbie is developing the Karara project, east of Geraldton, in a joint venture with Chinese steel producer Ansteel.
It is the final step in the State Government approvals process.
The project will now go to the Federal Environment [...]

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The Queensland Government has declared Shell’s coal seam gas-to-liquefied natural gas (CSG to LNG) project on Curtis Island “Significant” allowing Shell to submit an environmental impact statement.
Shell announced they will begin to prepare the statement to develop the project further, with plans to produce first gas from its terminal at Gladstone by 2015.
The project is [...]

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FORTESCUE Metals Group did not mislead investors about binding agreements with Chinese parties because investors knew that its Pilbara iron ore project was in its infancy, a court has heard.
The Australian Securities and Investments Commission has alleged Fortescue engaged in misleading and deceptive conduct by overstating the nature of deals with three state-owned Chinese companies [...]

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Mining giant Rio Tinto has announced it will cut more than 700 jobs in central and far north Queensland, citing a sharp drop in aluminium prices and demand.
The company will slow down expansion of the Yarwun alumina refinery at Gladstone and cut back annual bauxite production at its Weipa mine from 19.4 million tonnes to [...]

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Iron Ore producer , Fortescue Metals Group Ltd,  has suspended about two thirds of its long-term shipping contracts as its Chinese customers take advantage of cheaper rates stemming from the commodities slump.
 
Fortescue said on Friday that it was suspending all long-term cost and freight (CFR) shipping contracts, whereby the miner covers transport costs and passes [...]

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Oz Minerals, the merged Oxiana and Zinifex, has reassured shareholders of the company’s fundamentals and prospects after a significant drop in the group’s share price.
The share price of the merged company - which legally was Oxiana acquiring the Zinifex business - has dropped more than 67% from $3.90, when the merger was announced in March, [...]

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The Northern Territory Mining Minister says the Government will not offer any financial aid to GBS Gold, despite the potential loss of hundreds of Territory jobs.
GBS Gold say it’s had to go into administration because production costs have soared at its mines at Tom’s Gully and Brock’s Creek.
GBS Gold employs about 200 people and it’s [...]

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