MINING.COM

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.

Frik Els | September 28, 2012 | 7:22 pm

Friedland’s Ivanplats IPO: ‘It’s a gun to the head’

If Ivanplats's $165 million worth of bonds are not redeemed for stock, rates on the debt soars to credit card-like repayments of just under 19% on November 10 and to an eye-watering 26% in November next year.

Frik Els | September 27, 2012 | 11:59 pm

Philex Mining could face more penalties, but refuses to pay

Philippines-based Philex Mining Corp. (PX:PM), the country's biggest miner, may have to pay fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the Mines and Geosciences Bureau (MGB) said Thursday.

Cecilia Jamasmie | September 27, 2012 | 5:39 pm

Survey: Finland is top mining destination, Mexico jumps 16 places

Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining and oil investment by a trade magazine.

Cecilia Jamasmie | September 27, 2012 | 4:16 pm

Anglo Asian pre-tax profits hurt by harsh weather

Gold, copper and silver producer Anglo Asian Mining posted Thursday pre-tax profits of $10.5 million for the six months to the end of June - down from $14.2 million a year ago.

Cecilia Jamasmie | September 27, 2012 | 2:02 pm

BHP hopes for an extension to Olympic Dam expansion plan

BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for the project.

Cecilia Jamasmie | September 27, 2012 | 1:03 pm

After passing on Spanish copper Lundin could go shopping elsewhere

Lundin Mining Corporation (TSX:LUN) shed more than 3% on Wednesday after announcing that it does not intend to exercise its $80 million option to acquire 80% of a copper project in northern Spain.

Frik Els | September 26, 2012 | 11:03 pm

Copper dive drags Freeport-McMoRan down

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) was down about 1% this morning as the giant copper producer followed the commodity prices down as a consequence of protests in Spain and Greece renewed fears about the euro zone debt crisis and its drag on global economic growth.

Cecilia Jamasmie | September 26, 2012 | 3:40 pm

Goldquest plunges 33% on disappointing drill results

Vancouver's Goldquest Mining (TSX.V:GQC) has dived 33% on heavy trading following the release of fresh drill results which fell below expectations.

Marc Howe | September 25, 2012 | 11:36 pm

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