MINING.COM

US$90 million silver bullion Ponzi scheme uncovered in South Carolina

The U.S. Commodity Futures Trading Commission said on Wednesday that is charging defendants Ronnie Gene Wilson and Atlantic Bullion & Coin with fraud in connection with operating a $90 million Ponzi scheme.

Michael Allan McCrae | June 7, 2012 | 10:47 pm

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

Frik Els | June 7, 2012 | 10:12 pm

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

Cecilia Jamasmie | June 7, 2012 | 1:50 am

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

Cecilia Jamasmie | June 6, 2012 | 2:29 pm

Ross Beaty laments Argentina, says the commodity supercycle is still intact

Ross Beaty, the founder of Pan America Silver and Equinox Resources, is not cowed by the bad economic news. He looks at the markets and still sees opportunity.

Michael Allan McCrae | June 6, 2012 | 6:16 am

Major Drilling reports record annual and quarterly revenue

"Looking forward, the demand for drilling services from the senior mining houses continues to be strong."

CNW Telbec | Mining/Metals | June 5, 2012 | 8:00 pm

Mining investment worth $50 billion in the balance as Peruvian lawmakers quit

Three lawmakers from President Ollanta Humala’s ruling Gana Peru party resigned on Monday over the government’s handling of protests against -Xstrata last week, warning that social and environmental protests are threatening billions of dollars of mining projects.

Cecilia Jamasmie | June 5, 2012 | 7:17 pm

FT: EU’s efforts to cut red tape held up by anti-graft rules for mining companies

At the moment the draft legislation requires mining companies to disclose on a project-by-project basis what they pay local officials in foreign countries.

MINING.com Editor | June 5, 2012 | 7:11 pm

Canada re-emerges as the top destination for mining and metals deals: Ernst & Young

Canada topped the global mining and metals sector as the number one target destination by total deal value in the first three months of this year, says international firm Ernst & Young.

Cecilia Jamasmie | June 5, 2012 | 3:09 pm

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