Perth-based exploration junior ElDore Mining has announced a major gold mine acquisition in Zimbabwe, that it says paves the way for it to become a significant producer in 2012.
Prime Minister Julia Gillard is wary of an economy where the only signs of strength are in the mining sector, after hundreds of jobs were slashed in the banking and manufacturing sectors.
Contract driller Swick Mining Services is on track to achieve full-year revenue and earnings guidance of $130 million and $28 million for 2011-12 after delivering improved first half results.
Coretrack is planning to wind down its Globe Drill business after disclosing a legal dispute over its license agreement and poor performance of its GT3000 drill rig.
Mongolia-focused Xanadu Mines says it seeks to partially sell or completely divest its thermal coal assets in the Asian nation as it simplifies itself into a copper and gold play there.
The mining boom has helped Australia post its second highest level of monthly exports despite an economic slowdown in Asia, economists say.
Exports rose two per cent to $27.792 billion, seasonally adjusted, in December, the Australian Bureau of Statistics (ABS) reported on Thursday.
IronClad Mining says it will ramp up construction at its Wilcherry Hill iron ore joint venture, after signing a four-year offtake agreement with a Chinese firm.
Oil Search has signed a contract with Perth-based ISS Group for the supply of management solutions software for the PNG LNG project in Papua New Guinea.
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