A multi-million dollar joint venture mining project in Western Australia remains on track despite the proposed Resource Super Profits Tax (RSPT), BC Iron Ltd says. The Nullagine iron ore project, in WA's Pilbara region , is jointly owned by BC Iron and Fortescue Metals

THE brawl between the resource industry and the Rudd government has escalated after Fortescue Metals boss Andrew Forrest claimed $US15 billion ($A17.2 billion) in long-dated iron ore expansions were on hold in protest over the proposed 40 per cent resource rent tax. Mr Forrest,

May 20, 2010 The founder of Fortescue Metals has for years been regarded by the big two Pilbara miners, BHP Billiton and Rio Tinto, as an iron ore lightweight. But he's got a real mining operation in the Pilbara now, and says project financiers are suddenly leery. There's no

It is not surprising that mining firms are reassessing projects in light of the federal government's proposed tax on resources super profits, Treasurer Wayne Swan says. Fortescue Metals Group, Australia's third largest iron ore miner, said on Wednesday that two of its three

Fortescue Metals Group may sell down its stalled projects to foreign firms, chief executive Andrew Forrest has indicated. Australia’s third largest iron ore miner said this morning that its $US9 billion ($10.6 billion) Solomon Hub project and $US6 billion ($7 billion) Western H

Fortescue Metals Group Ltd says it has put two of its three expansion projects on hold due to the financial impact of the federal government's proposed Resources Super Profits Tax (RSPT). Australia's third largest iron ore miner said the planned development of its $US9 billion ($A10.57

Aurox said its board will vote in favour of the deal, which implies a value of 74 cents per Aurox share - a 172 per cent premium to its closing price on Tuesday. Aurox shares ended the day 46.5 cents higher, or 172 per cent, at 73.5 cents while Atlas Iron shares recovered to end 10

ATLAS IRON is paying one of the biggest ever takeover premiums to secure control of Aurox Resources and the 10 to -12 million tonnes of additional iron ore export capacity it can deliver. But there is broad agreement it has got a bargain. Atlas is offering one of its shares for every three

March 11, 2010 The report contained several sweeping statements and quotes, the validity of which was left hanging when CuDeco drew the market's attention to the coverage on the People's Daily online. Among other things, the report said CuDeco was in negotiations to sell a 15 per