MINING.COM

Australian miners take battle against tax to High Court

The Australian resources sector has taken its battle against the Gillard government's contentious new mining tax to the nation's High Court.

Marc Howe | November 6, 2012 | 12:02 am

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.

Frik Els | November 5, 2012 | 8:14 pm

Junior miners see light at the end of global downturn tunnel

While the harmful effects of the slumping global economy over junior miners are nothing new, companies that have seen their value down on the TSX Venture Exchange this year and so experienced more difficulties raising cash, may soon see a few glimmers of hope.

Cecilia Jamasmie | November 5, 2012 | 3:37 pm

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.

Marc Howe | November 5, 2012 | 4:36 am

Australia’s Greens call for $26bn in mining tax revenue over next four years

The leader of the Australian Greens party say the incumbent Labor government should revise its original mining tax plan to lift revenue generated by the tax from AUD$9 billion to $26 billion over the next four years.

Marc Howe | November 4, 2012 | 12:43 am

Mining boom’s second wind to arrive in 2020

The head of the Australian Stock Exchange says the country should prepare for another mining boom in around a decade's time by providing exploratory tax concessions to resource juniors.

Marc Howe | November 3, 2012 | 12:59 am

Still bearish on iron ore? You may have missed October’s 14% jump in new Chinese steel orders

The latest indication of a rebound for the world's second largest economy as infrastructure spending picks up.

Frik Els | November 2, 2012 | 7:08 pm

‘The mining boom is bust’: Caldwell

The international resource sector faces rough waters ahead according to an industry insider who has just completed a round-the-world tour of key mining regions.

Marc Howe | November 2, 2012 | 12:48 am

Striking South African coal miners killed at Canadian mine

South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.

Cecilia Jamasmie | November 1, 2012 | 6:01 pm

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Rio Tinto to proceed with $2.6B iron ore mine in Western Australia

Australia’s Fortescue readies first shipment of new mid-grade iron ore

Tacora secures $212m cash to restart Scully mine

Nigeria awards mining exploration contract to 10 mining, consulting firms

China iron ore hits 4-1/2-month low, steel market under pressure

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