Energy Resources of Australia (ASX:ERA) is a uranium company which mines, processes and sells uranium oxide from the Ranger mine in the Northern Territory and uranium concentrates sourced outside Australia to nuclear electric utilities in Japan, South Korea, Europe and North America. ERA also provides environmental consulting services.

Australian shares, Energy Resources today announced that it will book a loss of $153.6 million for the CY11, compared to a profit of $47 million in CY10.

The company cited that production at its flagship mines was suspended for five months due to heavy rains.

Energy Resources is forecasting a uranium oxide output of between 3000 and 3700 metric tons for 2012, compared to 2641 last calendar year.

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Rio Tinto (ASX:RIO) is one of the world’s largest miners, mining and processing a wide range of metals and minerals including all the key base metals, precious metals, diamonds, iron ore and energy products.

The miner is widely considered among the blue chip stocks, and it is also among the biggest companies in the Australian share market.

Today, RIO announced the sale of up to 13 assets as it looks to restructure its aluminium division.

The sale would include Australian and European based refineries and smelters, with the sale likely to happen when the economic picture improves.

The sale would also allow RIO to focus on its tier one assets in an effort to drive improvements at the aluminium division.

RIO’s interest in six of the assets would be transferred to a new business, called Pacific Aluminium.

The other seven assets will continue to be managed by Rio Tinto Alcan until they are sold.

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Macarthur Coal (ASX:MCC) is a coal miner, supplying low volatile pulverized coal injection coal (PCI coal) to the steel mills of Asia, Europe and Brazil as well as some thermal and coking coal.

Its primary focus is production at the Coppabella and Moorvale coal mines located near Moranbah in Queensland’s Bowen Basin, which together provide approximately 47% of the PCI coal exported from Australia.

Today, MCC rejected a revised $16.00 a share offer from Peabody Energy and Arcelor Mittal.

The new bid, which values MCC at $4.84 billion, trumps the previous offer of $4.73 billion.

However, MCC knocked back the bid, saying instead it was prepared to accept an offer of $5.68 billion ($18 a share) once the two suitors acquired over 90% of the company.

MCC was one of the hot stocks when news of the initial takeover broke on 11 July.  Its shares surged 37% the next day, making it one of the best performers in the stock market.

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Mount Gibson (ASX:MGX) is Australia’s fourth-largest iron ore miner, based in Western Australia.

On 27 July, MGX announced an unaudited FY11 net profit of $239.5 million, which was up 80% on-year.

However, iron ore production fell 26% in the same period, with lower costs the primary driver of the profit result.

MGX shares slumped 4.3% on the day, making it one of the worst performers in the Australian stock market.

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Murchison Metals (MMX) is an emerging iron ore and infrastructure group focused on Western Australia.

According to news reports, Murchison Metals (MMX) and Mitsubishi Corp have suffered a cost blowout at their Oakajee port and rail JV in WA.

The Australian said that capital costs at the project are estimated to have blown out to $6.7 billion, from $4.4 billion.

In response, MMX admitted that capital costs at Oakajee were likely to increase although estimates were indicative and subject to review.

MMX slumped 6.7% on the day, making it the worst performer on the stock market (ASX 200).

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Blue Chip Stocks – BHP Billiton (BHP) 15 June 2010

BHP Billiton (BHP) is the world’s largest diversified resources company and a major player in the commodities market. It is currently Australia’s heaviest weighted stock with a market capitalisation of $131 billion.

BHP Billiton (BHP) and Rio Tinto (RIO) have reportedly agreed to pay the WA government an extra $300 million in mining royalties.

Under the agreement, royalty on iron-ore exports would rise to 5.62%, instead of the current 3.75%.

The miners are seeking additional concessions in return for the royalty increase, although negotiations between the parties are still ongoing.

BHP Australian share price has been broadly ranging between $35.50 and $39.50 since early May. It closed down 0.5% to settle at $38.39.

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