MINING.COM

One of the world’s oldest ruling dynasties threatened by platinum industry crisis

The Royal Bafokeng nation, who control vast parts of the platinum belt in the north west province of South Africa warned that earnings at its main investment vehicle could be down by between 52% and 62% over the first six months of 2012.

Frik Els | July 29, 2012 | 11:44 pm

Feds quash 21-year old permit after coal mining restarted, overruling Alaska Natural Resources Dept

A coal mining permit issued in Alaska 21 years ago — but not utilized until recently — has been ruled as no longer valid by a US federal agency because the Alaska DNR “erroneously transferred and renewed invalid permits."

Frik Els | July 29, 2012 | 1:39 am

AngloGold halts Savuka operations after fatality

AngloGold, the number one gold miner on the continent, said "it was treating the death as an occupational accident pending an inspection scheduled for Monday."

Frik Els | July 28, 2012 | 7:04 pm

Not convinced Chinese trade is a disaster? Take a look at these shipping numbers

Examples: Worldwide orders for dry-bulk vessels dropped 49% to 9.8 million deadweight tons in the first half of 2012. The monthly index of new-ship prices in China is now at its lowest point since March 2004.

Frik Els | July 27, 2012 | 9:51 pm

Infographic: global gold mines and deposits rankings 2012

Visual Capitalist has done it again! This time they answer the question 'how rare are 1 million+ oz gold deposits?'

Joshua Zapf | July 27, 2012 | 4:19 pm

Nord’s HRG offer still too low

I fully expect the committee to come out and endorse the offer from Nord and to recommend HRG shareholders accept the offer in one of its forms the valuation to come in around the offer price of $1.18B value (840M shares times $1.40).

Marketwire - Mining and Metals | July 27, 2012 | 4:11 pm

Anglo American disappoints: profits down 40% and Minas Rio delayed another year

The global miner joined the ‘disappointing results club’ this morning as the London-listed mining group reported that its first-half operating profit dropped almost 40%.

Cecilia Jamasmie | July 27, 2012 | 2:59 pm

Intrepid drama could scare foreign investors from Indonesia

Brad Gordon, CEO of Brisbane-based Intrepid Mines (ASX:IAU), has stated publicly that Indonesia is doing damage to its reputation as a foreign investment destination following the recent legal difficulties experienced by his own company and Churchill Mining.

Marc Howe | July 27, 2012 | 4:02 am

Australia imperils investment appeal as miners attack new tax laws

Foreign investors have raised concerns over uncertainty surrounding Australia's mining and carbon tax regimes, with mining companies attacking a government plan to obtain an additional AUD$1.9 billion in taxes via stronger regulation of cross-border profit-shifting.

Marc Howe | July 27, 2012 | 2:41 am

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