MINING.COM

Valemax No. 8 has not even loaded its first ore and it’s already worth 36% less than it cost

According to website VesselsValue.com the latest Valemax is worth 36% less than the $107 million the Brazilian iron ore titan paid for it last year because of a "slump in values of dry-bulk ships that were ordered before returns plunged."

Frik Els | April 4, 2012 | 10:07 pm

Miner union chief: EPA killing us like Navy SEALs kill terrorists

Chalk up another fracture in the Big Labor-environmentalist alliance: United Mine Workers President Cecil Roberts unloaded on the Environmental Protection Agency in a radio interview Tuesday.

Investors Business Daily | April 4, 2012 | 8:42 pm

Shanta Gold seeking $35m for added capex

Tanzania-focused Shanta Gold is planning to raise $35 million to be put towards its New Luika Gold Mine.

Andrew Topf | April 4, 2012 | 6:57 pm

Precious metals investors taking big knocks adjusting to life without QE3

Gold dropped more than $57 or 3.4% an ounce in early afternoon trade while ever volatile silver tanked more than 6%. Platinum crashed through the $1,600 an ounce level and palladium fell almost 4%.

Frik Els | April 4, 2012 | 5:47 pm

Indonesia’s proposed export tax has Indian power companies scrambling

Indonesia's proposed tax on mining exports is having a ripple effect on Indian power companies that buy fuel for coal-fired power plants.

Andrew Topf | April 4, 2012 | 5:20 pm

Lack of mining law costs Honduras US$3 billion

Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.

Cecilia Jamasmie | April 4, 2012 | 4:12 pm

‘King of mining’ to appeal charge of market abuse

Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with Billiton, is fighting to save his reputation.

Cecilia Jamasmie | April 4, 2012 | 3:37 pm

Doe Run submits new proposal to Peru’s Government to restart operations at La Oroya

Peru's Minister of Energy and Mines Jorge Merino Tafur said the government is working hard on creating social programs for the communities and towns of La Oroya, which has been severely affected by the closure of Doe Run’s metallurgical complex three years ago.

Cecilia Jamasmie | April 4, 2012 | 2:42 pm

U.S. mining regulator tightens coal mines safety rules

As families and friends of dead miners mark the second anniversary of the Upper Big Branch Mine disaster in West Virginia on April 5, the U.S. Mine Safety and Health Administration announced it would issue its final set of rules for inspecting underground coal mines on Friday.

Cecilia Jamasmie | April 4, 2012 | 1:19 pm

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