December 24, 2012

SouthGobi provides update on Mongolian independent authority against corruption investigation

The IAAC has confirmed to SouthGobi that it is continuing with its investigation into historical licensing issues.

December 24, 2012

The greatest mining flameouts of 2012

The notable flops, failures and flameouts of the year.

December 23, 2012

Mining costs soar as productivity languishes, superfluous staff proliferate

Excess sub-contractors and outdated construction techniques lead to cost blowouts and project delays

December 22, 2012

What energy independence? How the US oil boom has been oversold

A negative feedback loop is already in play in the fracking business.

December 22, 2012

BHP rejects $50 million offer for Port Hedland resort

BHP Billiton has turned down a AUD 50 million offer from a consortium of investors for a collapsed resort project at Port Hedland. BHP's move is expected to lead to…

December 21, 2012

Teck Resources coal sales to exceed prior outlook

Shares in Canada’s Teck Resources (TSX:TCK.B) (NYSE:TCK) climbed slightly Friday after the company announced that coal sales for the fourth quarter are expected to top its prior outlook of 6.2…

December 21, 2012

Chinese thermal coal imports jump 30% to record high as Beijing ends domestic price caps

After a 32% decline in steam coal prices since January, things are looking up for 2013.

December 21, 2012

South Africa won’t nationalize its mines, but taxes go up

After years of debate, South Africa’s ruling party African National Congress rejected Thursday plans to nationalize the country’s mining sector, but voted in favour of higher taxes in the world’s…

December 21, 2012

HD Mining’s Murray mine boosts B.C. economy

HD Mining, the Vancouver-based company that in early October sparked controversy with its plan to hire 2,000 Chinese miners for its proposed Murray River Project, is one step closer to…

December 21, 2012

Resource nationalism assumes more insidious forms

Tactics shift from frank expropriation of assets to increased royalties and stricter procurement requirements