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Ensham coal mine changes hands

Japanese oil giant Idemitsu has announced the transfer its entire 85 per cent interest in the Ensham coal mine in central Queensland. The significant stake was purchased by three different companies in a deal that cost $US240 million ($340 million). Sungela, a...

Gina Rinehart gives millions to employees

Gina Rinehart. Australian mining billionaire Gina Rinehart is giving away millions to lucky Hancock Prospecting employees. In recognition of her 41 years at Hancock, as well as her 69th birthday this week, Australia’s richest person is giving away $100,000 to 41...