October 1, 2012

BHP expresses confidence in copper, foresees 10% CAGR for next three years

Diversified mining giant BHP Billiton (ASX:BHP) has expressed strong confidence in the long-term outlook for the global copper market.

October 1, 2012

Glencore slammed with tax dodge accusations

Glencore (LSX:GLEN) has been accused of dodging millions of pounds in tax through the use of complex derivatives to artificially reduce profits.

October 1, 2012

Caracara Silver intersects 87g silver and 3.4% combined lead and zinc across 2.2 meters at Princesa project in Peru

Caracara Silver intersects 87g silver and 3.4% combined lead and zinc across 2.2 meters at Princesa project in Peru.

October 1, 2012

Newcrest’s $2 billion Cadia East project faces legal action from private rivals

Newcrest Mining (ASX:NCM) is accused of licensing breaches by a private exploration company seeking to scupper the gold mining giant's $2 billion Cadia East project.

September 30, 2012

Xstrata board endorses Glencore merger deal just shy of deadline

Xstrata's board will recommend the merger of the company with fellow Swiss commodities giant Glencore.

September 29, 2012

Ancient Buddhist statue found in Tibet carved from meteorite

A Buddha statue looted by Nazis in Tibet in the 1930s was carved from the Chinga meteorite, which crashed to the Earth 15,000 years ago, revealed Elmar Buchner of the…

September 28, 2012

Newmont plans job cuts in Indonesia as production lags

Newmont cut its 2012 production target forecast for its Batu Hijau Indonesian mine from 114,000 ounces of gold and 192 million pounds of copper to 71,000 ounces of gold and…

September 28, 2012

Harmony says Wafi-Golpu could support $9.8 billion mine

Harmony Gold says the Wafi-Golpu deposit in PNG could support a $9.8 billion mine with peak annual production of 560,000 gold ounces and 335,000 tonnes of copper.

September 28, 2012

Norilsk Nickel approves capex cuts for 2012

MMC Norilsk Nickel has announced that the company’s board of directors has approved a reduction in investment expenditure for 2012, as proposed by the management.

September 28, 2012

Grasberg ethics slap, royalty hike, state control tussle can’t stop Freeport’s upward march

The counter is up 25% since July 25 when news first emerged that Indonesia has "requested" 51% of Grasberg, the world's largest gold and number three copper mine.