June 8, 2012

You too can help build Oyu Tolgoi: Rio Tinto offers Ivanhoe rights at 32% discount

Rio could end up with a much bigger chunk of Ivanhoe come July 19 – 260 million new shares are expected to be issued representing some 35% of Ivanhoe's current…

June 8, 2012

Ivanhoe Mines files final prospectus for rights offering

The rights offering is part of the comprehensive financing plan to continue the development of the Oyu Tolgoi Project.

June 8, 2012

U.S. environment agency sues India-based coal firm

A group of coal companies owned by a massive India conglomerate ran illegal surface mines in eastern Kentucky that polluted waterways, according to lawsuit filed by the U.S. Environmental Protection…

June 8, 2012

Indonesia denies plans to tax coal exports

Energy and Mineral Resources Minister Jero Wacik has denied any plans to tax thermal coal exports after hinting at the move last May.

June 7, 2012

Woulfe Mining is raising $20 million to reopen South Korean tungsten mine

Woulfe Mining (TSX-V) is raising $20 million to reopen one of the world’s largest tungsten resources. The company announced on Wednesday that […]

June 7, 2012

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

June 7, 2012

Churchill’s legal problems a warning to others in Indonesia

After having their assets seized without due compensation, the London based Churchill Mining, filed a law suit against the island nation for $1.8 billion.

June 6, 2012

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

June 6, 2012

Discovery of world’s largest tungsten mine sends Chinese stocks skyrocketing

Shares of China's tungsten companies climbed on Wednesday after the country’s Ministry of Land and Resources announced the discovery of the world's largest tungsten mine in east province of Jiangxi.

June 6, 2012

Ross Beaty laments Argentina, says the commodity supercycle is still intact

Ross Beaty, the founder of Pan America Silver and Equinox Resources, is not cowed by the bad economic news. He looks at the markets and still sees opportunity.