July 25, 2012

Harmony up 7% as punters bet Wafi-Golpu pre-feasibility will map out a Grasberg rival

Release of a pre-feasibility study for Wafi-Golpu in Papua New Guinea is expected any day now and punters hope drilling results that put the deposit into the same league as…

July 25, 2012

Miners buying existing projects rather than starting their own: study

Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global…

July 25, 2012

G-Resources pours first gold at Indonesia’s Martabe mine

The Hong Kong-listed miner said on Wednesday that the start of production at Martabe marked a significant milestone for the company.

July 24, 2012

Intrepid Mines sold off again after failing to find raiders of its Indonesia project

Intrepid Mining has now lost 59% of its market value after news broke that a local business groups orchestrated the ouster of ASX and TSX-listed company from an Indonesian copper…

July 24, 2012

Indonesia ‘requests’ 51% of Grasberg, Freeport agrees to 9.3% ‘at the moment’. What happens next?

The tide of resource nationalism sweeping the developing world may be catching up with Grasberg and Freeport Indonesia.

July 24, 2012

Intrepid Mining plunges 55% on shadowy Indonesian ouster

Australia's Intrepid Mining (ASX:IAU) has seen its share price plunge after being summarily booted from a key copper project in Indonesia by powerful local business interests.

July 23, 2012

Vietnam gold mine destroys environment

An inspection team from Lao Cai last Thursday visited the site of operations by the Ecotech gold-mining company in Van Ban District in northern province of Lao Cai after receiving…

July 23, 2012

Mindoro Signs gold assets sale agreement with Red Mountain Mining

Mindoro Resources has signed a binding Share Sale Agreement with Red Mountain Mining for the sale of Mindoro's Batangas and Tapian gold and copper-gold assets in the Philippines.

July 21, 2012

India’s Jindal employees in Bolivia arrested and equipment seized for alleged ‘breach of contract’

Two employees of India’s Jindal Steel and Power were arrested on Friday and equipment confiscated in Bolivia, after the company abandoned its $2.1 billion El-Mutun iron ore project five days…

July 21, 2012

China’s Sino Iron mine in Australia just got $2 billon more expensive

The cost of building China's CITIC Pacific’s first iron ore mine in Australia, Beijing’s largest investment in the Aussie mining sector, has increased to a shocking $8 billion.