June 26, 2012

Mongolian coal mining stops, drops and …

Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.

June 26, 2012

Tara Minerals acquires 100% of Champinon iron ore property

The property, situated in Mexico, was purchased for $2.1 million. Under this acquisition agreement the previous royalty of $5 a tonne has been eliminated.

June 25, 2012

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

June 25, 2012

Chinese burn fingers in the Pilbara

“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”

June 25, 2012

Moly Mines update: hedging and 27% more iron

With a new director, intentions for acquisitions and a new estimate on its iron holdings – which indicate 27% more iron ore than originally estimated – Moly has something to…

June 22, 2012

Fortescue takes the Federal Government to court

Fortescue Metals has lodged a challenge in the High Court of Australia against the Federal Government's Minerals Resource Rent Tax on constitutional grounds.

June 21, 2012

Billions wiped off metal stocks after China, EU and US deliver economic shocks

The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a…

June 21, 2012

Iron ore hits 5-week high as China continues to forge steel near record pace

The performance of iron ore is in stark contrast to other commodities including copper which has shed 4% over the last two days and crude oil which touched a 52-week…

June 21, 2012

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

June 20, 2012

When being the richest miner is not enough: become the largest holder of mineral rights in Brazil

The world’s richest mining entrepreneur and wealthiest man in Brazil, Eike Batista, is now also the largest holder of mineral rights in the South American iron ore-rich area of Mato…