July 16, 2012

The mining boom in Australia is over, or is it?

This was the year for Australia’s mining boom Martin Ferguson hinted on Monday. The Resources Minister highlighted the end of the high commodity prices era that will force the country’s…

July 16, 2012

Australia’s mining success places Great Barrier Reef in peril

The unprecedented success of Australia's mining sector, which enabled the country to successfully weather the financial crisis and has triggered a surge in the Aussie dollar, may have caused irreparable…

July 16, 2012

Tinkler pursues Whitehaven Coal bid in wake of share plunge

Former electrician turned mining tycoon Nathan Tinkler has issued a further bid for the remainder of Australia's Whitehaven Coal Ltd., following a 17% plunge in the company's shares since Tinkler's…

July 16, 2012

China’s Zijin Mining obtains regulatory approval for Norton Gold takeover

Zijin Mining Group (HK:2899), China’s largest gold producer, announced on Friday that its bid for Australia’s Norton Gold Fields Limited (ASX:NGF) had successfully obtained approval from Australian regulators.

July 16, 2012

Commodities guru Bill O’Neill says crude oil has bottomed out

Bill O'Neill, former director of commodities research at Merrill Lynch, has said in a recent interview that crude oil prices have bottomed out, and that he expects a desultory recovery…

July 16, 2012

Gold manipulation ‘next big scandal to break,’ ‘more scandalous than Libor’

One of the UK’s leading broadsheets has castigated the manipulation of gold prices by key market players, saying that the issue could explode into a bigger scandal than the Libor…

July 15, 2012

Russians to invest $ 5.5 billion in Thar Coal

A Russian investor Kirsan Ilyumzhinov along with Chairman BOI, Saleem H. Mandviwalla called on President Asif Ali Zardari and showed his interest to invest $ 5.5 in Thar Coal project.

July 15, 2012

In 2011 ALROSA works hard mining diamonds

ALROSA’s mining division completed their work in accordance with the development plan of mining operations, moving, as it is stated in the company's annual report, 35,493,700 m3 of rock mass,…

July 15, 2012

Sberbank Capital acquires 49pct of gold ore project in Armenia

Interfax reported that LLC Sberbank Capital a subsidiary of Sberbank of Russia has acquired 49% of shares in Armenia CJSC Paramount Gold Mining which owns the license to develop the…

July 14, 2012

HR 4402 passes with democratic support; could it really get easier to mine in the USA?

The National Mining Association sends a letter to Jack.