April 23, 2012

Gold: the asset that keeps defying the pundits

There is not an analyst on the face of the earth who can accurately value gold. As Warren Buffett likes to publicly declare, gold is not a productive asset because…

April 22, 2012

Five billion dollar loss expected at BHP Billiton after shale gas misplays

Sunday Times (paywall) reports that collapsing natural gas prices will probably cost mining giant BHP Billiton upwards of $5 billion in writedowns.

April 21, 2012

Policy maker behind Indonesia’s 25-percent mining tax dies while mountain climbing

The key policy maker behind a drive to impose a 25% tax on Indonesia's mining exports passed away unexpectedly on Saturday.

April 20, 2012

All aboard the Chinese iron express: BHP joins Rio Tinto and Vale in new trading platform

Diversified miner BHP Billiton (NYSE:RIO) today became the third iron giant to join the new China Beijing Metals Exchange (CBMX), only a few days after competitors Vale (NYSE:VALE) and Rio…

April 20, 2012

Two more sites for Fiji bauxite mining

Villagers of Nawailevu in Bua have benefitted from the bauxite mining which is planned for two more districts in Bua.

April 19, 2012

Brazil’s aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.

April 18, 2012

Ivanhoe Australia: Scoping study shows 2.4B pounds copper, 2.2M ounces gold at Mount Elliott

Ivanhoe Australia Limited (ASX:IVA), a separate company from $10-billion market cap Ivanhoe Mines but sharing CEO Robert Friedland, had an up-day in […]

April 18, 2012

GVK looking to offload stake in Australia’s Hancock Coal mines

GVK group is looking to sell part of its stake in Hancock coal mines in Australia to raise funds for development of the Australian assets that require an investment of…

April 18, 2012

Australian miners seek business opportunities in Colombia

The mining boom that Colombia is experiencing has driven a group of Australian firms to visit the South American country and explore what the country has to offer in terms…

April 18, 2012

Legendary mining financier Robert Friedland quits Ivanhoe in Rio Tinto shake-up

Anglo-Australian mining giant Rio Tinto tightened its grip on Ivanhoe Mines as part of a $3.3 billion financing deal announced this morning, leading to the resignation of chief executive and…