July 6, 2012

Aldridge Minerals to exit Papua New Guinea

The company announced today that it plans to exit Papua New Guinea following receipt of a formal notice that the licence renewal for its non-core Kili Teke property was denied.

July 6, 2012

Uranerz Energy and Uranium Resources look to benefit from the restart of Japanese reactors

Uranium stocks have been on the upswing recently as Japan restarted their first nuclear reactor since the Fukushima disaster. Five Star Equities examines the outlook for companies in the Uranium…

July 5, 2012

Miners leap on China’s surprise interest rate cut

Vedanta, Rio Tinto, Anglo American and Kazakhmys all enter top ten risers after People's Bank of China tries to encourage spending.

July 5, 2012

Fukushima disaster stemmed from ‘a multitude of errors and willful negligence’: parliamentary inquiry

A parliamentary inquiry released an unfliching report on the Fukushima nuclear disaster, calling the disaster manmade, wholly forseeable and even laying blame at the feet of Japanese culture itself.

July 5, 2012

Chalco gets 30-day extension to find $920 million for SouthGobi Resources

Aluminum Corporation of China Limited and Ivanhoe Mines Ltd. agreed that the Chinese aluminum firm will get 30 days to buy Ivanhoe's stake in SouthGobi Resources.

July 4, 2012

India looking at scrapping 30% iron ore export duty. Could bring 100 million tonnes back onto market

The export surcharge was raised on two occasions last year to 30% to keep ore inside the country for local steelmakers amid a mining ban in the state of Karnataka…

July 4, 2012

India’s Karnataka to approve the re-start of iron mining operations by end-August

Karnataka Mines and Geology Director H R Srinivasa announced Wednesday the government would permit A-Category lease holders of eight iron mines to resume work in August, after they secure clearances…

July 3, 2012

India’s iron ore ban reviewed

The two-year old ban, which has effectively halved export from Karnataka, is under review at a meeting in Bangalore.

July 2, 2012

Cambodia—prospective, stable and ignored: Ken Booth

Ken Booth has been involved in the mining industry for 30 years and sees the past two decades of quiet, stable growth that Cambodia has enjoyed out of the world's…

July 2, 2012

Private mining firms not welcome in Saranda: Ramesh

Not deviating from his stated position on mining rush, Union Minister for Rural Development Jairam Ramesh on Monday reiterated that private companies were not welcome in Saranda.