Newmont sets mid-2014 start for Correnso mine
Newmont Waihi Gold hopes to start work on its controversial $1 billion Correnso underground mine around the middle of next year.
Newmont Waihi Gold hopes to start work on its controversial $1 billion Correnso underground mine around the middle of next year.
Auditor General Lyn Provost says she will not carry out an inquiry into what led Solid Energy to the brink of collapse this year.
Bathurst Resources has cleared another hurdle in its struggle to start coal mining on the Denniston Plateau near Westport but still needs the blessing of courts and faces tough market conditions.
Australian mining company Bathurst Resources has passed a crucial hurdle to establishing an open cast coal mine on the West Coast's Denniston Plateau.
Solid Energy ex-chairman John Palmer opposed Treasury's wish to appoint an independent advisor to the company's board last year.
Writing in the journal Nature Geoscience, the scientists, backed by the Japan Agency for Marine-Earth Science and Technology, said rare earth minerals had been found in mud on the ocean floor.
A decision granting a company permission to mine beneath the eastern part of Waihi has left those on the other side of town worried they could be next, a residents group says.
Consent has been granted for an underground gold mine under a residential part of Waihi, with a Green MP saying those affected will be devastated by the decision.
John Palmer's last act as Solid Energy's chairman was to announce the bad news: the state-owned enterprise had posted a $40.2 million net loss for the 2011-12 financial year on the back of major asset writedowns.
Former Solid Energy chief executive Don Elder says the main reason for the company's near failure was "a stunning blow" in the form of "an unprecedented collapse in coal prices".
New Zealand company Todd Corporation is providing financial backing for a planned $1.3 billion methanol plant that will be the largest in North America.
Aluminium prices should improve slightly this year, despite an expected surplus of the metal and the likelihood of overproduction in the years ahead.
Petrobras officials attempted to save their Raukumara Basin project by asking for time to seek a financial partner.
New Zealand's fragmented oversight of the oil and gas industry could result in potential 'fracking' problems slipping through the gaps.
Brazilian oil company Petrobras has handed back exploration licences it holds for deep sea oil and gas prospects off the North Island's East Cape.