April 12, 2012

Indonesia not only wants to own foreign mining co’s, now it will impose higher taxes on them too

Indonesia wants to have its mining cake and eat it too, as the country, one of the world's largest exporters of copper and coal, will speed up a tax on…

April 12, 2012

World Bank trims China’s growth outlook

The World Bank cut its growth forecast for China on Thursday, adding to warnings the world’s second-largest economy might slow too abruptly, and said Beijing should be ready to launch…

April 12, 2012

Lynas wins a battle, but war with Malaysians who oppose rare earth plant goes on

In what could be considered a slight victory for embattled Australian rare earths miner Lynas Corporation (ASX:LYC), the Malaysian High Court ruled today against a request to review a recent…

April 12, 2012

New high grade silver/zinc hits on Kalgoorlie’s doorstep

Junior explorer McPhersons Resources is hoping to exploit the strong silver price to develop a mine on the southern doorstep to Australia's historic gold mining capital of Kalgoorlie.

April 11, 2012

Look ma, no rare earths

Hitachi has built an 11-kilowatt motor that uses no rare earth materials. The motor took four years to develop, and commercial production is expected in two years.

April 11, 2012

How serious are China and India about their gold?

Despite the Dow Jones Industrial Average and the S&P 500 suffering their worst day of the year on Tuesday, precious metals were able to decouple and climb higher.

April 11, 2012

1/2-million ounce gold reserve confirmed at Tembang, Sumatra

Sumatra Copper & Gold has released a new reserve estimate for its Tembang gold-silver project in southern Sumatra, Indonesia.

April 11, 2012

BHP Billiton to permanently close Norwich Park coal mine

BMA have today announced it will cease production at the Norwich Park coal mine.

April 11, 2012

Massive quake in Indonesia triggers tsunami alert

An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced…

April 10, 2012

Alcoa BEATS earnings estimates, stock surges after hours

Alcoa reported first quarter results that topped expectations on both the top and bottom lines as revenue surged to a record high, […]