October 25, 2012

Australia’s mining tax proves a huge fiasco

Australia’s Federal Government has seen sunnier days as reports revealed Thursday it has not collected any revenue in the first three months of its much-debated Minerals Resource Rent Tax (MRRT).

October 25, 2012

China to undergo U-shaped recovery

A leading analyst says growth in China is set to gradually recuperate as the Middle Kingdom's economy experiences a short, sharp U-shaped convalescence.

October 25, 2012

Lagging productivity imperils Australian coal miners’ prospects

The lagging productivity of the Australian coal industry could render as much as a third of the sector's output unprofitable.

October 25, 2012

Cheaper commodities won’t kill off Australia’s mining boom

Australian Resources Minister Martin Ferguson says the onset of an era of low commodities prices does not spell the end of the country's China-backed mining boom.

October 24, 2012

AngloGold Ashanti fires 12,000 South African striking miners

AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list…

October 24, 2012

Canada’s Teck Resources knocked down by global economic grief

Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit…

October 24, 2012

Mongolia refuses to let Rio’s Aussie lawyer leave

A 32-year-old Australian lawyer for a Rio subsidiary has been prevented from leaving Mongolia by local police following allegations of corruption.

October 23, 2012

Canadian government investigating illegal recruitment tactics

Canada’s provincial government of British Columbia is investigating allegations that Chinese workers applying for jobs may have been requested to pay fees to apply for mining positions in B.C.

October 22, 2012

Mineral Resource Estimation Course

This November, EduMine will host two short courses in Spokane, USA, prior to NWMA!

October 21, 2012

Bumi bummer: Rothschild dynasty sucked into Indonesian black coal hole

‘Nat Rothschild will never raise another dollar from anybody.’