Philippine miners duck taxes by selling gold on the black market
Philippine gold production dropped by over half, but the reduction may have more to do with tax policy than actual output.
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Turquoise Hill paid $61 million to departing Friedland and co
Severance packages for management, early vesting options and cancelling contracts with Friedland-owned companies for aircraft rental and other office services quickly added up.
‘This is not an Enbridge animation’: a video war begins
In response to Enbridge’s original animation showing how the pipeline will cross the province, a new anti-pipeline video has been uploaded using […]
Lonmin strikers given 24 hour reprieve
Only about a third of a 28,000-strong workforce reported for their shifts at Lonmin's Marikana platinum operations in South Africa. The London-based miner said workers who did not show up today would not face the sack – the deadline has been moved to tomorrow (Tuesday).
That $110 iron ore price floor: Gone!
Iron ore has only enjoyed three up trading days over the last six weeks.
Harry Winston sets Diavik mine’s value at $2.6 billion
Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.
India’s state-owned rare earth miner heading for Odisha’s beaches
The identified area is the second coastal stretch in Odisha, where deposits of rare earth minerals have been found.
Molycorp steadies itself after another brutal sell-off
Molycorp recovered somewhat on Monday after a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – after an analyst raised doubts about its Mountain Pass mine ramp-up plans.
Panama Canal expansion to change dynamics of commodity trade
When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.