MINING.COM

Mining’s new age of austerity will hurt consumers

Shareholders will celebrate as lower supply boosts prices and profits, but consumers of metal and minerals will be hard hit.

Frik Els | November 5, 2012 | 8:14 pm

B.C. unions go to court over Chinese miners

Two major unions of the Canadian province of British Columbia have applied to have the Federal Court overturn a decision to allow about 200 foreign workers work at HD Mining Ltd.’s planned Murray River underground coal mine near Tumbler Ridge.

Cecilia Jamasmie | November 5, 2012 | 7:53 pm

Mining industry eschews mega projects to boost shareholder returns at consumers’ expense

Mining executives have given a clear indication that they plan to slash capital spending and reduce supply in order to improve shareholder returns at the expense of consumers.

Marc Howe | November 5, 2012 | 4:36 am

Australia’s Greens call for $26bn in mining tax revenue over next four years

The leader of the Australian Greens party say the incumbent Labor government should revise its original mining tax plan to lift revenue generated by the tax from AUD$9 billion to $26 billion over the next four years.

Marc Howe | November 4, 2012 | 12:43 am

Mining boom’s second wind to arrive in 2020

The head of the Australian Stock Exchange says the country should prepare for another mining boom in around a decade's time by providing exploratory tax concessions to resource juniors.

Marc Howe | November 3, 2012 | 12:59 am

Colombia to punish illegal mining

Colombian President Juan Manuel Santos presented Friday a package of measures, including a proposed bill before congress, aimed to making illegal mining a crime punished by the country’s Penal Code.

Cecilia Jamasmie | November 2, 2012 | 4:49 pm

Coal prices to rise on mine closures in run up to China’s leadership transition

Coal prices are set to receive a boost from the closure of small mines in China during the lead up to the 18th National Congress of the Chinese Communist Party, where the country's incumbent leadership will be succeeded replaced by a new administration.

Marc Howe | November 2, 2012 | 1:46 am

‘The mining boom is bust’: Caldwell

The international resource sector faces rough waters ahead according to an industry insider who has just completed a round-the-world tour of key mining regions.

Marc Howe | November 2, 2012 | 12:48 am

Striking South African coal miners killed at Canadian mine

South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.

Cecilia Jamasmie | November 1, 2012 | 6:01 pm

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Global steel production at 7-month low

SEC charges Rio Tinto, former top executives with fraud

Seven workers killed and one still trapped after Turkey coal mine collapse

Coal power set for one last hurrah

Rio Tinto’s $2 billion coal assets attract investor consortium: sources

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