August 24, 2012

Australian resource minister declares mining boom over, then backtracks

Less than 24 hours after Australia's minister for resources and energy declared that the country's mining boom had come to an end, he appeared saying he was misinterpreted, and that…

August 24, 2012

China’s top copper producer establishes HK subsidiary to lower financing costs

China's biggest copper producer has established a wholly-owned subsidiary in Hong Kong in order to reduce the cost of financing raw material imports and future acquisitions.

August 24, 2012

Baja Mining reports waiver to standstill agreement

The Korean Consortium has advanced approximately $73.5 million of the total $90 million of Stage I financing, which is sufficient to trigger the reduction in Baja's interest in MMB from…

August 23, 2012

Canada’s Lalor gold, zinc, copper mine stealing thunder

There's no doubt the big story in mining in Manitoba these days is HudBay's Lalor project near Snow Lake. Weighing in at about $700 million, the zinc/copper/gold mine is shaking…

August 23, 2012

And it’s over: Anglo and Codelco make peace

The heated legal battle between Anglo American and its Chilean adversary Codelco has finally come to an end as the parties announced Thursday that they've reached an agreement.

August 23, 2012

NGEx update on GJ copper gold project 2012 exploration program

The GJ project has a measured and indicated resource, at a cut-off of 0.20% copper, of 153.3 million tonnes grading 0.321% copper and 0.369 g/t gold and contains 1.09 billion…

August 22, 2012

Meet the Israeli middleman said to have ‘stripped and flipped’ First Quantum’s DRC mine

Gertler, 38, used his relationship with DRC president  Joseph Kabila and Kabila's now late adviser Augustin Katumba Mwanke to bag mining projects "by stripping from others if necessary, only to sell…

August 22, 2012

BHP ditches Olympic Dam as profit tumbles

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries…

August 21, 2012

Harper pushes for regulatory regime certainty, and rides ATV

Mine reviews need clearly defined timelines, timelier reviews, reduced regulatory burdens and less duplication during assessment, said Prime Minister Stephen Harper during a tour of the Minto Mine in the…

August 21, 2012

Baja Mining reports on status of stage I financing and provides corporate update

Baja Mining announces that the aggregate $90 million comprising the Stage I financing which was to have been advanced to MMB by the Korean Consortium has not yet been fully…