Trump trade war blows up big week for mining majors
A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.
After years of political wrangling, the Minerals Resource Rent Tax or MRRT takes affect as the country's largest polluters will now pay A$23 for every tonne of greenhouse gas they produce.
Brazilian mining company Vale has been granted a preliminary environmental license for its S11D mine, an extension of the company's giant Carajas complex, which is posed to be the world’s largest iron ore mine.
Fifty-six mines across Canada provided data on wages paid in 2011. Thirty-four are union mines; and twenty-two non-union. Forty-five reported increased wages while eleven made no changes. None decreased wages.
The West Australian Department of Mines and Petroleum is investigating evidence of asbestos contamination at Rio Tinto's West Angelas iron ore mine, in the Pilbara region.
Commodities trader Glencore International is studying modifications to its $26 billion bid for miner Xstrata after Qatar's sovereign wealth fund, a key shareholder, unexpectedly opposed the deal's terms.
Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.