MINING.COM

Reliance puts the record straight on new Indonesia mining law, but not before investors take it down 11%

Reliance Resources on Friday issued an update in relation to the recently announced Indonesian Government Regulation No. 24 of 2012, regarding foreign ownership of mining projects after its share price took an 11% knock.

MINING.com Editor | March 9, 2012 | 11:00 pm

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

Gold falls as job data crushes rate outlook

Gold fell abruptly this morning, pushed by a rising dollar after data showed the U.S. economy created more jobs than expected over the last three months, decreasing prospects the Federal Reserve will keep interest rates low for an extended period.

Cecilia Jamasmie | March 9, 2012 | 4:06 pm

Canadian Mandalay Resources resumes operations in Chile

Canadian miner Mandalay Resources (TSX: MND, MND.WT) resumed operations at its Cerro Bayo project in Chile today, after protestors removed blockades, allowing supplies in and out of the mine.

Cecilia Jamasmie | March 9, 2012 | 3:02 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

Peru losing US$560,000 a day due to mining protests in gold-rich region

Peru's Madre de Dios gold-rich region is losing US$560,000 a day as a result of informal miners' protests happening in the area since Monday, said the country’s president of the regional chamber of commerce, Roman Meza.

Cecilia Jamasmie | March 8, 2012 | 4:34 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

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