November 7, 2012

Baja Mining granted further standstill extension by lenders

Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de…

November 7, 2012

Output up 72.4% at Chile’s Escondida copper mine

Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said Wednesday the country’s copper commission, Cochilco.

November 7, 2012

Congo to discuss mining code changes with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank…

November 7, 2012

China’s overseas mining and metals M&A’s surge in value, momentum set to persist through next year

The total value of overseas mergers and acquisitions pursued by Middle Kingdom's mining and metals players has surged this year according to sector experts from Ernst & Young Global.

November 7, 2012

BHP on the search for Kloppers’ successor

The world's biggest mining company has announced that it has embarked upon the search for a successor to Marius Kloppers as the South African approaches his sixth year as BHP's…

November 7, 2012

Gold and silver deposits found in Kingdom of Tonga’s waters

Nautlius Minerals (TSX:AIM) says it has found two rich deposits of gold and silver within the waters of Tonga's exclusive economic zone.

November 5, 2012

New support for Glencore-Xstrata deal

Institutional advisor ISS now says tie-up is a good thing for Xstrata, but they still don't like the $200 million retention package.

November 5, 2012

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.

November 5, 2012

Rio Tinto to Oyu Tolgoi mine: Let there be light

After months of difficulties, Rio Tinto’s (LON:RIO) flagship Mongolian copper-gold mine, Oyu Tolgoi, will start producing early next year as the giant miner has finally solved the issue of power…

November 5, 2012

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.