August 1, 2012

Olympus updates second quarter gold production and changes its financial year-end

The company's Chief Executive Officer, John Seton, reports that second quarter calendar year 2012 gold production of 7,839 ounces was lower than projected.

July 31, 2012

63% of Newcrest’s assets situated in ‘very high-risk’ countries

Newcrest Mining (ASX:NCM) is the one Australian mining major exposed to the greatest level of country risk with 63% of its assets situated in nation-states categorized as 'very high-risk' by…

July 30, 2012

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 […]

July 29, 2012

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,…

July 28, 2012

Union Minister hopeful of ban on bauxite mining in Visakhapatnam

Union Minister for Panchayat Raj and Tribal Affairs V. Kishore Chandra Deo has said he is still hopeful that bauxite mining licences issued in Visakhapatnam agency area will be cancelled.…

July 27, 2012

Intrepid drama could scare foreign investors from Indonesia

Brad Gordon, CEO of Brisbane-based Intrepid Mines (ASX:IAU), has stated publicly that Indonesia is doing damage to its reputation as a foreign investment destination following the recent legal difficulties experienced…

July 26, 2012

Quest Petroleum to raise AUD$5 million for oil and gas exploration in South Sumatra

Quest Petroleum NL (ASX:QPN) has announced that it will undertake a placement to investors to raise $5 million for its ongoing drilling program at the Ranau oil and gas projects…

July 26, 2012

Arrested Australian warns of Indonesian business perils

An Australian mining businessman facing the prospect of five years in an Indonesian prison has warned others of the perils of doing business in the South-east Asian giant, saying he…

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…