June 22, 2012

Baja Mining thanks shareholders for their support and provides project update

On the table at the company's annual shareholder's meeting in Vancouver were cost overruns, operating costs and new funding requirements.

June 21, 2012

Billions wiped off metal stocks after China, EU and US deliver economic shocks

The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a…

June 21, 2012

Bolivia won’t pay Glencore for taking its mine

Bolivia’s leftist government announced it won’t pay any financial compensation to Swiss miner Glencore after yesterday’s decision to take over its Colquiri tin and zinc mine.

June 20, 2012

Baja Mining has 45 days to come up with money for Boleo

Besieged Baja Mining (TSX:BAJ) added another 14% on Wednesday following good gains the day before to trade at $0.205 after announcing it had negotiated a 45-day standstill agreement with lenders…

June 18, 2012

Major shareholder sues Baja Mining over ballooning costs, management

Baja says it "intends to defend this action vigorously."

June 17, 2012

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy…

June 17, 2012

Why I’m buying this global mining giant

Diversified Australian resources company BHP Billiton (NYSE: BHP) has its hands in nearly every commodity that can be pulled out of the ground.

June 15, 2012

Dia Bras announces termination of letter of intent to acquire Plexmar

Plexmar announced that the letter of intent dated April 17th, 2012 between Dia Bras and Plexmar has been terminated.

June 15, 2012

Violence erupts at Glencore’s Bolivian mine

It is believed that the violence resulted from Glencore workers trying to forcefully take back control from a rival Bolivian state-based company.

June 15, 2012

End of an epoch as Hong Kong exchange takes over 135-year old LME

The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.