MINING.COM

South Sudan chooses mining over oil

South Sudan, the world's newest nation, has announced plans to enact a mining law by the end of October, pushing ahead exploration and expansion in the likely mineral rich, but unexplored country, helping it to diversify its economy away from oil.

Cecilia Jamasmie | September 18, 2012 | 4:28 pm

Afghanistan to reveal final bidders for giant gold deposit

The Afghanistan Ministry of Mines said Tuesday it opened its final bid for the Badakhshan gold deposit, located in the northeastern province of Badakhshan.

Cecilia Jamasmie | September 18, 2012 | 1:47 pm

Fortescue Metals averts disaster with $4.5 bln credit facility

Australian iron ore stalwart Fortescue Metals Group (ASX:FMG) has managed to avert its debt woes by obtaining a fresh USD$4.5 billion credit facility.

Marc Howe | September 18, 2012 | 1:02 am

BHP boss tops list of Australia’s best-paid CEO’s yet reported earnings fail to tell the full story

BHP Billiton (ASX:BHP) head Marius Kloppers has topped a recent list of Australia's best-paid corporate bosses for 2011 yet inadequacies in reporting requirements means much CEO income remains undisclosed.

Marc Howe | September 18, 2012 | 12:38 am

Iron ore rebound continues

Iron ore has been under pressure this quarter as China's steel industry struggles with rising inventories, overcapacity and overproduction.

Frik Els | September 17, 2012 | 11:24 pm

Vale stock gains as Carajas work restarts

Vale (NYSE:VALE) won a court order on Friday that allows the company to resume work to double railway capacity as part its massive Carajas expansion project.

Frik Els | September 17, 2012 | 6:59 pm

Northern Iron suspends exploratory plans following iron ore price dive

Mining junior Northern Iron (ASX:NFE) has suspended exploratory plans due to sharp declines in iron ore prices which have severely affected the sector's other major players.

Marc Howe | September 17, 2012 | 6:44 am

China’s biggest bank dials down Aussie resource sector lending

China's ICBC has announced a reduction in its lending to Australia's resource sector due to concerns that the mining boom is nearing an end.

Marc Howe | September 17, 2012 | 5:32 am

Metal prices to crater in three years due to Chinese re-balancing

A belated rebalancing of the Chinese economy will lead to a collapse in commodities prices by 2015 according one of the West's leading experts on the PRC's economy.

Marc Howe | September 16, 2012 | 11:35 pm

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Mining exploration spending in Australia jumps to 5-year high

Poland’s JSW seeks tighter grip on coking coal with possible Prairie bid -sources

South African miner Assore reports profit fall on stronger rand

Dalian coking coal extends gains as smog crackdown tightens supplies

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

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