March 18, 2012

RUSAL threatens to sue in chairman row

RUSAL, the world's No.1 aluminium producer, said comments by former chairman Viktor Vekselberg had damaged its reputation and shareholder value, and threatened unspecified legal action.

March 18, 2012

Zimbabwe orders mining firms to bank locally: paper

Mines Minister Obert Mpofu told the Sunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in…

March 18, 2012

Mining firm, govt in crunch talks over indigenisation

New Dawn gold mining company is in negotiations with authorities in an effort to comply with the country's indigenisation laws.

March 18, 2012

Rio Tinto still bullish on China growth

Mr Tom Albanese CEO of Rio Tinto as saying that company has shrugged off concerns about a slow down in Chinese demand for commodities, reiterating its faith in the Asian…

March 18, 2012

Oyu Tolgoi to start copper and gold production in late 2012

As Chile is hit by falling ore grades and Peru is hit by delays due to populist agitation, the copper market is pinning a lot on the start of copper…

March 18, 2012

Thai company to explore for coal in Laos

The government of Laos has given the green light to a Thai company to conduct coal prospecting and exploration on an area of 36.7 square kilometres in Nakheng and Namon…

March 18, 2012

Australian iron ore shipping activity resumes after cyclone

Shipping operations at Australia's Port Hedland have resumed after a tropical cyclone that passed through the Pilbara iron ore belt weakened to below cyclone intensity and moved inland on Sunday.

March 17, 2012

Oilsands out of reach? Rejected aboriginal bid sparks backlash

Storm of criticism over its decision to reject a proposal for the first aboriginal-owned bitumen refinery in the oilsands.

March 17, 2012

Canada sees mining resurgence: Scott Jobin-Bevans

Amid the bustle of the 80th Prospectors and Developers Association of Canada (PDAC) convention in Toronto, The Gold Report sat down with PDAC President Scott Jobin-Bevans for his take on…

March 17, 2012

Another healthy correction for gold and silver

How low gold and silver might go in the short term and my honest response is “I have no idea.”