MINING.COM

Largest merchant fleet owner scrapping up to 18% of ore carriers as rates sink 98%

Rates for Capesizes have plunged 98% to just under $4,000 a day from the eye-watering rate of $234,000 set in June 2008 while the Baltic Dry Index which measures overall shipping costs has declined 48% this year alone.

Frik Els | June 17, 2012 | 5:39 pm

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.

Frik Els | June 14, 2012 | 6:11 pm

Small and medium-sized miners: It’s time to dust off your hedge book

A hedging u-turn is in the making.

Frik Els | June 13, 2012 | 9:15 pm

Labrador Iron Mines commences 2012 exploration program

An exploration budget of $8.6 million has been approved for 2012, comprising 11,280 metres (m) of drilling and 3,600 m of trenching, supported by geophysics, in 12 target areas.

Marketwire - Mining and Metals | June 13, 2012 | 7:40 pm

Mining companies should chase more M&As – JPMorgan

Asset manager at JPMorgan, Neil Gregson, says mining companies should pursue more takeovers as escalating costs prompt them to slow spending on expansions.

Bloomberg News | June 13, 2012 | 1:24 pm

That carton of milk will cost you $15.19: grocery shopping in Nunavut

A humourous look at grocery shopping in Canada's far north

Michael Allan McCrae | June 12, 2012 | 6:44 pm

Dr Kloppers took home $15 million last year. How is the sypercycle turning out for you?

The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.

Frik Els | June 12, 2012 | 2:30 pm

Guest worker upset begets job board so Australians see positions first

The Australian government launched a Resources Sector Jobs Board so employers can prove they made the job widely available to citizens before they apply for guest workers.

Michael Allan McCrae | June 10, 2012 | 4:10 pm

Minerals Council of Australia accuses unions of racism

The Minerals Council of Australia (MCA) has condemned unions, saying they are running a nonsensical "race-based" campaign.

Cecilia Jamasmie | June 8, 2012 | 5:17 pm

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Australia’s Mineral Resources okays Atlas talks with other potential buyers

Brazil’s President to change mining regulations as early as next week

Australia’s Fortescue takes stake in Atlas Iron, may block buyout

Rio Tinto signs JV exploration deal with China’s Minmetals

Miners creep through legal minefield as Brazilian scales tip

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