Potash Corp. cuts profit hopes as earnings slide
Potash Corporation of Saskatchewan Inc. reported a sharp drop in second-quarter earnings on Thursday as well as lower than anticipated profits.
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Vale the newest casualty of China’s slowdown
Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.
Barrick misses expectations and delays Pascua-Lama
Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.
PanTerra Gold pours first gold/silver dore in DR using new recovery process
PanTerra Gold Limited (ASX:PGI) has announced it has poured its first gold/silver dore at its Las Lagunas project in the Dominican Republic using world-first technology.
All that wealth and now somewhere to put it
Located somewhere under 'a building within the international airport compound' in Hong Kong, Malca-Amit's vault is designed to hold 1,000 tonnes of gold – roughly 22% of the gold bullion currently at Fort Knox.
China’s rare earth exports plunge by over 40%
The volume of rare earth minerals legally exported from China for the first half of 2012 plunged by 42.7% year-on-year to hit 4,908 tons according to statistics from China's customs authorities.
Australian miners seek a wealth of opportunities in a new Myanmar
Australian exploration and mining firms are readying themselves for forays into Myanmar following the end of decades of military rule earlier this year and the country's opening up to foreign investment.
Quest Petroleum to raise AUD$5 million for oil and gas exploration in South Sumatra
Quest Petroleum NL (ASX:QPN) has announced that it will undertake a placement to investors to raise $5 million for its ongoing drilling program at the Ranau oil and gas projects in South Sumatra.
Arrested Australian warns of Indonesian business perils
An Australian mining businessman facing the prospect of five years in an Indonesian prison has warned others of the perils of doing business in the South-east Asian giant, saying he 'got caught like a spider in a web.'