MINING.COM

$4bn subsidy for Australian mine sector

The federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, according to a report by the Australia Institute think tank.

Sydney Morning Herald | April 17, 2012 | 6:37 pm

Mongolian government tells SouthGobi Resources to stop mining

Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.

Michael Allan McCrae | April 17, 2012 | 6:12 pm

Silicon Valley looks east for cheap energy to power data centers: Greenpeace

While Silicon Valley maybe a center of the environmental activism, Greenpeace issued a report on Tuesday accusing IT companies of setting up data centers in the eastern United States where power is cheaper and dirtier.

Michael Allan McCrae | April 17, 2012 | 5:34 pm

Sunny day for uranium miners; Energy Fuels grabs Denison’s American assets

Denison Mines (NYSEAMEX:DNN) was up 14.69% to $1.64 on Tuesday after announcing Energy Fuels Inc. (TSE:EFR) will acquire all its mining assets and operations located in the United States in exchange for 425.44 million common shares of EFR.

Michael Allan McCrae | April 17, 2012 | 4:43 pm

Pele Mountain waves gold goodbye to focus on rare earths and uranium

Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.

Cecilia Jamasmie | April 17, 2012 | 4:35 pm

Business as usual for mining companies despite todays’ earthquake in Chile

Chile’s state-owned mining company Codelco, the world’s largest copper producer, reports normal operations following an early morning earthquake northeast of the port city of Valparaiso and which registered 6.7 on the Richter scale.

MINING.COM Staff Writer | April 17, 2012 | 3:24 pm

BHP Billiton to start work on its Port Hedland outer harbour this week

BHP Billiton will begin working on its ambitious Port Hedland outer harbour project this Friday, the first step of Western Australia’s biggest dredging plan, which it will cost the miner at least $10 billion.

Cecilia Jamasmie | April 17, 2012 | 2:48 pm

Harry Winston reports a 19% increase in production at its Diavik mine

Luxury jeweler and watchmaker Harry Winston Diamond Corp said today that production at its Diavik mine in Canada's Northwest Territories was up about 19% in the first quarter on improved grades.

Cecilia Jamasmie | April 17, 2012 | 1:38 pm

Mining companies to benefit from updated FTA between Canada and Chile

Canadian Prime Minister Stephen Harper and Chilean President Sebastian Piñera signed yesterday an agreement to upgrade the free trade deal between their two nations, which will benefit several miners with presence or planning to explore in the South American country.

Cecilia Jamasmie | April 17, 2012 | 12:59 pm

First

Last

1 Week

1 Month

3 Months

6 Months

1 Year

5 Years

Historical

Create FREE account or log in

to receive MINING.COM digests