August 30, 2012

Qatar Holding confirms it will vote against Glenstrata next week, shares dive

Qatar’s sovereign wealth fund has publicly said Friday it will vote against the mooted $70 billion merger between Glencore (LON:GLEN) and Xstrata (LON:XTA), which sent shares of both the Swiss…

August 30, 2012

World’s richest woman proposes minimum wage reduction for envious and lazy

Mining tycoon Gina Rinehart has triggered a squall of controversy in Australia by issuing a call for the minimum wage to be reduced and accusing those jealous of her immense…

August 30, 2012

Australia pushes for expansion into African mining

Australia's political and business leaders signaled their emphatic support for the country's increased involvement in the African mining sector at a conference in Perth on Thursday.

August 29, 2012

Condoto Platinum signs cooperation agreement for significant-scale alluvial mining operation in Novita, Colombia

Condoto Platinum NL (ASX:CPD) (the “Company”) is pleased to announce that it has signed a Cooperation Agreement with Evelio Casimiro Martinez Asprilla (“Martinez”) in order to commence bulk sampling initiatives…

August 29, 2012

Iron ore freefall catches miners

Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity,…

August 29, 2012

Finances keep new gold mine in Australia on hold

Cautious investors could stall a major underground gold mine east of Canberra, which will cost more than A$77 million to build.

August 29, 2012

Anglo American sheds workers as coal prices plummet

London-based Anglo American (LSE:AAL) has joined an expanding list of coal producers making staff cuts at specific Australian operations, after it announced it will cut at least 50 jobs when…

August 29, 2012

Alcyone: SE Queensland Mine Contains 23Moz Silver

Alcyone Resources Limited (ASX: AYN) announced an increase in silver resources from its Texas Silver & Polymetallic Project in SE Queensland to over 23 million ounces, following a 35%t increase…

August 29, 2012

Newcrest restarts Lihir mine

Gold producer Newcrest Mining (ASX:NCM) resumed its operations at the Lihir project, in Papua New Guinea, following the resolution of a dispute lodged by the Lihir Mining Area Landowners Association…

August 29, 2012

China slows overseas investments during leadership transition

MMG (HSX:1208) CEO Andrew Michelmore says China's leadership transition later this year could put the brakes on overseas investment due to impeded decision-making by China's policy-making elite.