MINING.COM

South Africa’s standalone state mining company a step closer, already hunting for deals

South Africa took a step closer on Thursday to create a standalone mining company that will take charge of the government's role in the country's rich resources and with ambitions of becoming involved in the continent's mining sector.

Frik Els | March 9, 2012 | 9:50 pm

Over 18% of Canada’s job losses in February were in the mining industry

Despite a healthy economic growth, Canada’s economy lost 2,800 jobs in February, with at least 18% of those positions belonging to the mining sector.

Cecilia Jamasmie | March 9, 2012 | 2:26 pm

Ivanhoe Australia turns into nice little earner earlier than scheduled, still on the chopping block

Ivanhoe announced on Thursday its Australian project is producing copper and gold ahead of schedule. Last week the company said Ivanhoe Australia is on the chopping block as its mega-mine in Mongolia requires all its financial resources.

Frik Els | March 8, 2012 | 11:55 pm

Mexico leads Latin America’s exploration expenditures

Mexico’s exploration expenditures are the highest in Latin America, reaching a record high of almost US$1 billion in 2011, says the latest report released by the Metals Economics Group’s (MEG), a think tank based in Halifax, Canada.

Cecilia Jamasmie | March 8, 2012 | 3:19 pm

Indonesia mine rule applies to all, not just aimed at Freeport – minister

The country's deputy energy and mining minister says the new regulation that changes the rules on foreign ownership of mines applies to all companies and is not aimed specifically at Freeport McMoRan.

Mineweb | March 8, 2012 | 11:27 am

Hudbay’s cash grows 42% in fourth quarter

Hudbay Minerals (TSE:HBM) rang in the fourth quarter with a $34.3 million profit or 21 cents per share, compared to $7.9 million or seven cents a share at the end of 2010.

MINING.com Editor | March 8, 2012 | 6:42 am

Indonesia rule change rattles foreign mine owners

Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.

Reuters | March 7, 2012 | 3:28 pm

Kagara lays off 130 employees after posting A$48.9 million loss

Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.

Michael Allan McCrae | March 6, 2012 | 11:07 pm

South American mining boom is now in the rearview mirror: Citigroup

In Latin America the decade-long bull run for mining and hydrocarbons is mostly behind us, according to Jason Press, a regional specialist analyzing equities for Citigroup.

Michael Allan McCrae | March 6, 2012 | 8:08 pm

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