June 21, 2012

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

June 20, 2012

Australian PanTerra Gold restarts operations at Las Lagunas gold and silver project

Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been…

June 20, 2012

Rio Tinto breaks the piggy: $4.2 billion investment to boost its iron ore business

Giant miner Rio Tinto (LON:RIO) continues to build its reputation as the most bullish of the major mining companies after it announced today it will spend $4.2 billion on top-tier…

June 19, 2012

Uranium market to pick up as reactors come back

Australia-based Foster Stockbroking said Tuesday that an industry-wide restart would boost global uranium demand by 30 million pounds a year which could act as a catalyst to flagging uranium prices.

June 18, 2012

Nautilus dispute with Papua New Guinea authorities threatening underwater mining future

Canada-based Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) said Monday that despite several meetings with Papua New Guinea's government representatives in the last two weeks, the company is still battling authorities in regards…

June 18, 2012

Australia sets conditions to Rinehart’s $6.4 billion coal mine project

Australian environment minister, Tony Burke, has told GVK and #4 mining billionaire Gina Rinehart to improve four areas of their $6.4 billion Alpha Coal project if they want to gain…

June 17, 2012

End of the supercycle is also spelling the end of radical resource nationalism

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power…

June 17, 2012

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy…

June 17, 2012

Australian clean coal institute ‘squandered’ $300 million, has ‘precious little’ to show

The since departed head of the institute which has staff of 78 was paid in excess of $500,000 per year and the organization racked up more than $54 million in…

June 16, 2012

La Mancha’s White Foil property shows underground potential with mineralization extending 350 metres below current resource

"Thrilled" with the initial drill results, La Mancha continues to testing a depth of 600m, which is more than 350m deeper than the current resource boundary.