May 11, 2012

20-billion-tonne iron ore mine in Bolivia in jeopardy

Malaysian News Agency Bernama.com reports that a huge iron ore mine in Bolivia may be doomed as a result of conflicts between the proponent and the Bolivian government.

May 10, 2012

Australia’s Northern Iron surges on Indian bid report

India's Aditya Birla group has submitted a non-binding bid for Australian-listed iron ore miner Northern Iron Ltd, a newspaper report said, sending shares of the target firm up 19 percent…

May 9, 2012

Denison Mines net loss widens to $52 million on sale of US assets

Denison Mines Corp shed 1.2% on Wednesday bringing its losses over the last week to 19% ahead of quarterly results that showed the company widened losses to $51.9 million.

May 9, 2012

Mongolia backtracks on state ownership of mining companies

Fearing a backlash by foreign investors in the mining sector – the foundation of the country's economy – Mongolian legislators on Tuesday watered down many of the provisions of draft…

May 8, 2012

Cebu copper miner records output increase last month

Carmen Corp., a subsidiary of listed miner Atlas Consolidated Mining and Development Corp., posted output hike last month on the back of better metal grades and higher gold prices.

May 8, 2012

Despite bullish fundamentals, gold prices fall sharply

In a trading pattern that has become all too familiar, almost the minute the US session began on Comex today, the price of gold was sold down by almost $40…

May 8, 2012

New China iron ore exchange trades 242,000 tonnes on first day

A total of 242,000 tonnes of iron ore were traded on the first day of business on China’s first physical iron ore trading platform, China Beijing Mining Exchange (CBMX) said…

May 7, 2012

Fukushima now priced into market: Uranium One

Uranium One said the effects of the Fukushima nuclear power plant meltdown in Japan last March are now priced into the market for uranium oxide.

May 7, 2012

China wants to take over the world’s largest undeveloped iron ore project

A private group of Chinese magnates is planning to take away Guinea’s Simandou, the world's largest undeveloped iron ore project, from Anglo-Australian mining giant Rio Tinto.

May 7, 2012

Import of coal a remedy for India’s power generation losses: Panel

Importing coal is the "remedy" for avoiding power generation losses in the country, while the government's replies on the issue have been ambiguous, a Standing Committee report on Energy has…