MINING.COM

Miners will head to Newfoundland or Ontario if Quebec increases royalty rates: KPMG

A study of Quebec's royalty rates for miners, which was hurried out before the provincial election, warned the government not to dip its hand any deeper into resource company pockets.

Michael Allan McCrae | August 1, 2012 | 10:00 pm

Dilution ahoy! Nautilus offers major investors new shares for less than 52-week low

Nautilus Minerals dropped 7.3% to $1.02 in late-afternoon trade on Wednesday, after the Toronto-based firm announced that it is raising $34 million from its major shareholders at 90c a share to build its seabed mining system.

Frik Els | August 1, 2012 | 9:08 pm

Mining in Bolvia is ‘different’

Theo Stromer published a pictorial on CNN looking at cooperative mining in Bolivia, as well as the damage caused to the environment and the miners themselves in a region that lacks modern safeguards.

Michael Allan McCrae | August 1, 2012 | 8:00 pm

No more queuing – LME embarks on warehouse review

LME's warehousing operations "have been dogged by controversy since big banks and trading houses including Goldman Sachs and JP Morgan Chase bought warehousing operations."

Frik Els | August 1, 2012 | 7:04 pm

BHP’s performance on the ground fails to lift shares off 3-year lows

The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.

Frik Els | August 1, 2012 | 6:22 pm

China’s lower manufacturing reading masks ‘notable rebound’

After adjusting for seasonality, the reading shows that the manufacturing sector is actually improving, thanks to the slew of stimulus measures implemented by the Chinese government.

Frik Els | August 1, 2012 | 4:52 pm

Gold and QE3: World’s largest money manager sees ‘cult of inflation’ lasting a ‘few years even decades’

"The cult of equity may be dying, but the cult of inflation may only have just begun."

Frik Els | August 1, 2012 | 4:04 pm

Fresnillo’s gold sales outshine silver

The company is sticking to plans to spend $680 million this year including ramping up production at its Noche Buena mine. The firm has five operating mines and this year forecasts 41 million ounces of silver produced and 460,000 ounces of gold.

Frik Els | August 1, 2012 | 2:48 pm

Barrick stock falters after S&P downgrades over Pascua-Lama ‘execution risks’

Barrick announced last week a 50-60% cost blow-out for the copper-gold-silver project straddling the Chile–Argentina border which could end up with a final bill of as much as $8 billion with $3 billion already spent.

Frik Els | August 1, 2012 | 2:20 pm

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