July 16, 2012

Unions left out of Newmont’s negotiations in Peru

Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca,…

July 16, 2012

How to get rich in outer space: a visual guide

Recent developments show that becoming rich by profiting of the minerals that asteroids, stars and unknown planets have to offer it is closer than ever. Before it is too late,…

July 16, 2012

UK’s imminent sale of uranium producer to bring in billions

British taxpayers could net as much as $4.6 billion with the government’s sale of its stake in nuclear power giant Urenco, a move which aims to solidify the country’s policy…

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.