|Review 2012: Jul and Aug|
|Monday, 31 December 2012 09:05|
The Federal Government implements MRRT, Margaret River region declared no-go-zone for coal mining, Rio Tinto slashes jobs from east coast offices, and BHP Billiton’s profits slump made news in July and August.
* Except for the threat of a court case, some political points scoring and a few unhappy mutterings, the MRRT is implemented and Australia’s mines do not grind to a halt, although...
* ...Mining analysts report the fall in resources prices and rising production costs could signal the end of the resources boom.
* The usually gung-ho approach to mining in WA is stalled when a furious reaction to plans for a coal mine in the state’s pristine Margaret River region prompts Mines and Petroleum Minister Norman Moore (pictured) to declare the entire zone a no-go-zone for coal mining.
* Rio Tinto starts the month by slashing 270 jobs from its Melbourne and Sydney offices as the company looks to reign in costs.
* A slump in BHP Billiton’s profits to a mere US$15.42 billion ($14.77 billion) prompts the company to scrap its massive Olympic Dam open pit expansion which would have made it the biggest open cut mine in the world (and the biggest thing in South Australia ever).
* Clashes during a strike at the Lonmin platinum operation in South Africa leave 10 people dead.
For the latest news click here
For the latest Travel features click here
For the latest Food & Drink features click here
Follow myresources.com.au on Twitter