MINING.COM

Blackwood trading halt casts further doubt on Tinkler’s AUD$5 billion bid for Whitehaven Coal

A trading halt on Blackwood Corp (ASX:BWD) shares has cast further doubt upon Australian mining magnate Nathan Tinkler's audacious AUD$5.3 billion privatization bid for Whitehaven Coal (ASX:WHC).

Marc Howe | July 30, 2012 | 5:51 am

Tanzania demands 30% tax from gold miners on grounds of rising prices

The gold-rich African nation of Tanzania has introduced a 30% corporate tax for mining companies in operation for more than five years, stating that the move is justified by rising precious metal prices on the international market.

Marc Howe | July 30, 2012 | 5:10 am

Gold equity funds post dire performance

Gold equity funds have posted a baneful performance in the past year despite firm gold prices and rich returns from gold ETF's.

Marc Howe | July 30, 2012 | 5:01 am

Platinum underperforms gold due to lack of respectable safe-haven status

Platinum's poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of storing value.

Marc Howe | July 30, 2012 | 4:18 am

Funeral company brings fresh meaning to the phrase ‘diamonds are forever’

A US company is providing a novel new service to the recently bereaved by converting the remains of deceased loved ones into one of the world's most imperishable substances - genuine diamonds.

Marc Howe | July 30, 2012 | 2:55 am

Indian miners accuse government of causing artifical iron ore shortage

India’s merchant miners have accused the Indian government of creating an ‘artificial’ shortage of iron ore via the imposition of high export […]

Marc Howe | July 30, 2012 | 1:00 am

Fresh doubts over Olympic Dam as BHP freezes hiring

BHP's board was to make a decision on the $30 billion project this year, but a newspaper report over the weekend said a decision will not be made until 2014 and BHP's uranium division "confirmed the deferral and said a recruitment freeze was now in place".

Frik Els | July 30, 2012 | 12:32 am

One of the world’s oldest ruling dynasties threatened by platinum industry crisis

The Royal Bafokeng nation, who control vast parts of the platinum belt in the north west province of South Africa warned that earnings at its main investment vehicle could be down by between 52% and 62% over the first six months of 2012.

Frik Els | July 29, 2012 | 11:44 pm

Mittal: Investing in mining, but not India or China

I'm not locating capital to India or China as I don't see things progressing there. We can't remain stuck, so we move on. Now our priority is to reduce debt, we sell non-core assets. But we continue to invest in mining and become self-dependent.

Frik Els | July 29, 2012 | 10:07 pm

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