MINING.COM

‘Shocking’ trade numbers have some Australians calling the end of the mining boom

The commodity price cycle peaked in the third quarter of last year.

Frik Els | April 4, 2012 | 11:05 pm

Valemax No. 8 has not even loaded its first ore and it’s already worth 36% less than it cost

According to website VesselsValue.com the latest Valemax is worth 36% less than the $107 million the Brazilian iron ore titan paid for it last year because of a "slump in values of dry-bulk ships that were ordered before returns plunged."

Frik Els | April 4, 2012 | 10:07 pm

Lack of mining law costs Honduras US$3 billion

Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.

Cecilia Jamasmie | April 4, 2012 | 4:12 pm

‘King of mining’ to appeal charge of market abuse

Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with Billiton, is fighting to save his reputation.

Cecilia Jamasmie | April 4, 2012 | 3:37 pm

Fortescue chief sees iron ore price down 25% from current levels. Says it’s a ‘good thing’

Fortescue chief executive Neville Power also told The Australian newspaper that Chinese steel production growth will be lower over the next five years at about 4% – 5%, from 7% – 8% now.

MINING.com Editor | April 2, 2012 | 8:45 pm

Paladin Energy forced to get new CFO as Korte moves to push world-class iron project

Uranium company Paladin Energy Ltd (TSX:PDN)(ASX:PDN) announced it named Alan Rule as its new Chief Financial Officer effective July 23, 2012. He would be replacing the current CFO, Garry Korte, who is joining Roy Hill Holdings, owned by billionaire mining magnate Gina Rinehart.

Cecilia Jamasmie | April 2, 2012 | 12:09 pm