September 18, 2011

India is now the elephant in the room

New economic numbers from India, the latest forecasts for the country's voracious appetite for gold, iron ore and in particular coal and its plans for a sovereign wealth fund to…

September 18, 2011

Chinese copper demand to surge by 40% by 2015

Reuters quoted an official from the China NonFerrous Metals Industry Association as saying that China's apparent consumption of refined copper will rise by nearly 40% to 8.5 million tonnes per…

September 18, 2011

Industry must live with tax: Rio Tinto

The Daily Mercury reports Rio Tinto executive director Sam Walsh says the mining industry has to live with the new resources tax as the best deal that could be done…

September 18, 2011

CBG restarts Guinea bauxite exports: source

Guinea's CBG restarted bauxite exports early on Sunday after a one-week halt that was caused by damage to a conveyor belt used to load ships, a source at the company…

September 18, 2011

Strike slashes output at Freeport’s Grasberg in Indonesia by 230,000 tonnes a day

A strike at Freeport McMoRan’s huge gold and copper mine in eastern Indonesia has slashed production by 230,000 tonnes a day, the energy and minerals ministry said on Friday. The…

September 18, 2011

Harmony Gold eyes copper-gold projects in Philippines

South African mining firm Harmony Gold Mining Co. Ltd., the worlds fifth largest gold producer, is looking to invest in copper-gold projects in the Philippines.

September 17, 2011

Anglo American to build $3 billion Peru copper mine in 2012

Reuters reported that Anglo American will start construction on its USD 3 billion Quellaveco copper mine next year. Quellaveco, one of Anglo American's largest projects in Peru is expected to…

September 17, 2011

Hannans Reward kicks off drilling targeting manganese at Jigalong project

Western Australian minerals exploration company Hannans Reward Limited has commenced a combined RC and Diamond drilling program at its 3,000 square kilometer Jigalong project in the South East Pilbara region…

September 17, 2011

South Africa mine union says wage talks with Implats falter

The National Union of Mineworkers (NUM) said on Friday separate wage talks with Exxaro Resources and Impala Platinum had deadlocked but strike action was not imminent.

September 16, 2011

Big miners needn’t worry about higher royalties in Peru, juniors should

Speaking in Arequipa at Peru's premier mining conference industry executives said on Friday a drive by Peru's leftist president to raise mining royalties should not derail multibillion-dollar investments, but added…