June 14, 2012

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two…

June 13, 2012

Mining companies should chase more M&As – JPMorgan

Asset manager at JPMorgan, Neil Gregson, says mining companies should pursue more takeovers as escalating costs prompt them to slow spending on expansions.

June 12, 2012

Prairie Creek Mine gets OK from aboriginal affairs

CBC reports that Canadian Zinc (TSE:CZN) has passed another milestone in getting its zinc-silver-lead-copper Prairie Creek Mine up and running with an OK from John Duncan, the minister of Aboriginal…

June 9, 2012

Teck announces five-year labour deal with Trail employees

Teck Resources, Canada's largest diversified miner, reached a five-year agreement with unionized employees at its Trail Operations.

June 8, 2012

Dominican Republic: Sandy beaches, turquoise water and $58 billion waiting to be extracted

The Dominican Republic is soon to become more than just a sunny destination. Data published by the country’s geology society claim the Central American nation is sitting on nearly $58…

June 7, 2012

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

June 7, 2012

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

June 7, 2012

Xtierra Inc.: final steps for Bilbao feasibility study

Xtierra's objective is to become a mid-tier producer of precious and base metals through the development of its Bilbao project.

June 6, 2012

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

June 5, 2012

FT: EU’s efforts to cut red tape held up by anti-graft rules for mining companies

At the moment the draft legislation requires mining companies to disclose on a project-by-project basis what they pay local officials in foreign countries.