Australia

Bandits steal 100 kilograms of gold from Australian miner

Bandits steal 100 kilograms of gold from Australian miner Sydney - Armed bandits have stolen about 100 kilograms of gold worth over 3 million US dollars from Australia-based Resolute Mining limited's gold mine in Tanzania, company officials said Thursday.

Resolute's Golden Pride goldmine is 750 kilometres from Dar es Salaam.

"Resolute Mining Limited advises that there was an armed robbery last night at its Golden Pride goldmine in Tanzania," a statement from the company posted on its website said. "There were no fatalities and the intruders stole approximately

China offered another slice of Australia's mining sector

China offered another slice of Australia's mining sectorSydney - Chinese firm Minmetals on Thursday received approval from Canberra to buy mining assets from cash-strapped Australian copper and gold producer OZ Minerals Ltd. Treasurer Wayne Swan said that Minmetals (China Minmetals Non-ferrous Metals Company Ltd) would be required to operate the mines as a "separate business with commercial objectives and using companies incorporated, headquartered and managed in Australia under a predominantly Australian management team."

It takes kids an hour’s exercise to burn off a packet of chips

It takes kids an hour’s exercise to burn off a packet of chipsMelbourne, Apr 23 : It takes only few minutes for an eight-year-old to scoff down a small packet of chips. But guess how much exercise they''d have to do to work it off? Well, according to a new study, an hour.

The news is worse for children who make a meal of a burger, hot chips and a soft drink.

To use up that much energy, the Children''s Nutrition Research Centre has found an eight-year-old would need to spend nearly five hours running around or three hours on a bike.

‘Islamic school in Camden, a breeding ground for terrorists’

‘Islamic school in Camden, a breeding ground for terrorists’Sydney, Apr 23 : Camden's residents have united to condemn the Quranic Society, which wants to build an Islamic school in Camden, south west of Sydney for espousing views which are "incompatible with the Australian way of life".

An Islamic school in Camden would be "a breeding ground for terrorists," says a resident who gave evidence in support of Camden Council at an appeal against its decision to block the school.

Net surfing same as looking out the office window

Net surfing same as looking out the office window Sydney - Workplaces that try and stop employees using their computers for blogging, online shopping, social networking and other private purposes might be making a mistake, an Australian researcher says.

Around a quarter of Australian firms try and prevent workers from going online during company time by blocking YouTube, Facebook and other entertainment sites and threatening retribution for errant surfers.

Australians told to consider themselves lucky in recession

Australians told to consider themselves lucky in recession Sydney - Australia's economy will contract 1.4 per cent this year - but almost all other developed economies will shrink more, Treasurer Wayne Swan said Thursday.

He was commenting on an update from the International Monetary Fund (IMF) that forecasts an economic slump and Australian unemployment rising to 7.8 per cent by 2010.

Swan said the outlook "is a much milder contraction than expected in almost every other advanced economy, which combined are expected to contract by an unprecedented 3.8 per cent in 2009."

Pages