As with any other proposition lies the advantage and disadvantage of it.Queensland, in a bid to hit its target of a A$1.6 billion ($1.66 billion) in extra revenue as well as reclaim its AAA credit rating, announced on Tuesday plans to raise the royalty on coal beginning October.
South Korea and Greenland have forged on a deal that will aid the exploitation of rare earths as well as other strategic metals.
India will soon foray into rare earths mining as it targets to open by December its 10,000 tonnes capacity monazite processing plant in the eastern state of Odisha.
Spot prices of iron ore jumped like crazy on Monday after Beijing announced over the weekend it would embark on an AU$150 billion ($US157 billion) infrastructure building plan to boost domestic spending, giving iron ore miners hope for better days ahead.
Prices of wheat in the global market could further escalate in the coming months as Australia, the world's No. 2 wheat exporter, had announced cuts in its wheat production forecast for the 2012/13 crop marketing year.
Treasurer Wayne Swan said on Sunday that global uncertainties remain a serious concern for Australia’s economic policy managers but insisted that the robust domestic economy serves as a firm firewall against the challenges ahead.
Bell FX Currency Outlook: The Australian Dollar is relatively unchanged this morning following a night of lacklustre trade in the currency markets.
The Court of Appeals of Malaysia had upheld a decision by a High Court judge wherein the latter ruled that the opposing residents to the presence of the rare earths processing plant of Australian miner Lynas Corp in Kuantan should first appeal to the proper venue before bringing the matter to the High Chambers.
After its earth-shaking announcement in August that it is scraping its $30 billion expansion plans into the Olympic Dam copper and uranium mine mega project in South Australia, BHP Billiton has consequently dropped related purchases of exploration rights surrounding the area of the dam.
Coal miners in resource-rich nation Australia, in the midst of a mining slowdown, have slashed down 900 jobs just this week alone.
Facebook and other social media sites are likely to jeopardise the operations of Aussie Diggers in Afghanistan, according to a new government review that assessed the impact of popular social networking websites to the country’s Afghan Mission.
Setting aside a longstanding territorial dispute, Japan and Russia have forged ahead to continue building a $7 billion liquefied natural gas (LNG) plant in Vladivostok spurred by Asia's growing demand for the chilled fuel.
Japan's economy, affected by both international and domestic factors, grew slower than expected during the April-June period, hinting the world's third-largest economy, as with other stronger world economies, may be headed for a slowdown.
U.S. stock markets turned a weak jobs report into positive news Friday, ending higher on expectations that the data will lead to new Federal Reserve efforts to help the economy.
Bell FX Currency Outlook: Weaker US data and positive signs out of China propelled the Australian Dollar significantly higher in the offshore session on Friday.
To level the playing field between bricks and mortar store operators in Australia and overseas-based online shops, New South Wales Treasurer Mike Baird is proposing a large reduction in the floor price for general sales tax (GST) exemption for items bought overseas from online retailers.
Prime Minister Julia Gillard cut short her participation in the Asia-Pacific Economic Co-operation (APEC) leader's summit in Vladisvostok, Russia due to the death of her father, John Gillard, on Saturday.
The dry weather spell currently hitting Western Australia could push down the production of Australian wheat, dropping far below an earlier government forecast.
The Afghan government has issued a new army manual that is hoped to narrow the cultural divide between the local security forces and members of NATO troops mentoring them.
Atlas Iron Ltd. wants to divest its share of a uranium prospect to focus on its iron ore expansion plans amid the commodity's plummeting prices in the world marker triggered by China's softening demand.
Still enmeshed in an international dispute lodged before the World Trade Organisation, Japan and China yet again face off in a race on who gets first dibs to explore and mine the precious rare earths elements off the Pacific Ocean.
As expected, opponents to the rare earths processing plant of Lynas Corp in Malaysia vowed to continue their fight against the presence of the facility until the Australian miner packs up and leaves shores.
Bell FX Currency Outlook: The Australian Dollar rallied after Europe's central bank unveiled an unlimited but conditional bond-buying program to help alleviate the euro zone's sovereign debt crisis.
Gina Rinehart has several titles only she could claim such as Australia's richest person and the world's wealthiest woman. However, her recent comments about Australian minimum wage earners and YouTube remarks on the country's global competitiveness earned her a new title - Queen of Mean.
She may not be a fan of gay marriage but she won’t be a party too on any forms of gay slur, Prime Minister Julia Gillard has indicated on Thursday, following her decision to withdraw from a speaking duty with the Australian Christian Lobby (ACL) set for October.
It's now all systems go for Australian rare earths miner Lynas Corp as it had finally received the highly controversial temporary operating licence (TOL) needed to jumpstart its long overdue $US800-million ($810 million) rare earths processing plant in Malaysia.
Julia Assange is just 24 hours away from facing charges in the United States should U.S. authorities finally decide to throw the book on him, the Spanish defender of the WikiLeaks founder said on Wednesday.
The Australian dollar jumped on Thursday after latest data from the Australian Bureau of Statistics showed the country's August unemployment rate fell to 5.1 per cent from 5.2 per cent in July.
Shares of Australian troubled surfwear retailer Billabong International jumped like crazy after the company announced it has attracted a second suitor from an unnamed party which gave a A$694 million ($707 million) offer, at par with rival bidder TPG Capital.
The ongoing re-vetting process of the Afghan security forces has so far led to the firing of hundreds of local soldiers, many of them detained, for alleged links with the Taliban insurgents, a top Afghan official said on Wednesday.
