Molycorp production push to challenge Chinese rare earth dominance

The USA's largest rare earth producer Molycorp (NYSE:MCP) is mounting a credible challenge to Chinese rare earth dominance by dramatically scaling up output and potentially increasing its global market share to 30% from 4% at present.

Marc Howe | July 31, 2012 | 2:15 am

Dud investments the norm for China’s state-owned companies, says former Rio Tinto exec

People should stop worrying about Chinese businesses buying up resource companies in Australia because the Chinese are no good at investing, says former Rio Tinto executive, Michael Komesaroff.

Marc Howe | July 30, 2012 | 5:56 pm

Blackwood trading halt casts further doubt on Tinkler’s AUD$5 billion bid for Whitehaven Coal

A trading halt on Blackwood Corp (ASX:BWD) shares has cast further doubt upon Australian mining magnate Nathan Tinkler's audacious AUD$5.3 billion privatization bid for Whitehaven Coal (ASX:WHC).

Marc Howe | July 30, 2012 | 5:51 am

Tanzania demands 30% tax from gold miners on grounds of rising prices

The gold-rich African nation of Tanzania has introduced a 30% corporate tax for mining companies in operation for more than five years, stating that the move is justified by rising precious metal prices on the international market.

Marc Howe | July 30, 2012 | 5:10 am

Gold equity funds post dire performance

Gold equity funds have posted a baneful performance in the past year despite firm gold prices and rich returns from gold ETF's.

Marc Howe | July 30, 2012 | 5:01 am

Platinum underperforms gold due to lack of respectable safe-haven status

Platinum's poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of storing value.

Marc Howe | July 30, 2012 | 4:18 am

Funeral company brings fresh meaning to the phrase ‘diamonds are forever’

A US company is providing a novel new service to the recently bereaved by converting the remains of deceased loved ones into one of the world's most imperishable substances - genuine diamonds.

Marc Howe | July 30, 2012 | 2:55 am

Indian miners accuse government of causing artifical iron ore shortage

India’s merchant miners have accused the Indian government of creating an ‘artificial’ shortage of iron ore via the imposition of high export […]

Marc Howe | July 30, 2012 | 1:00 am

Intrepid drama could scare foreign investors from Indonesia

Brad Gordon, CEO of Brisbane-based Intrepid Mines (ASX:IAU), has stated publicly that Indonesia is doing damage to its reputation as a foreign investment destination following the recent legal difficulties experienced by his own company and Churchill Mining.

Marc Howe | July 27, 2012 | 4:02 am

Aluminum has potential as eco-friendly auto fuel

Aluminum is one of the most ubiquitous manufacturing materials of the industrialized era, but few would suspect that this commonplace metal harbors tremendous potential as an ecological fuel source.

Marc Howe | July 27, 2012 | 3:02 am

Australia imperils investment appeal as miners attack new tax laws

Foreign investors have raised concerns over uncertainty surrounding Australia's mining and carbon tax regimes, with mining companies attacking a government plan to obtain an additional AUD$1.9 billion in taxes via stronger regulation of cross-border profit-shifting.

Marc Howe | July 27, 2012 | 2:41 am

53 rescued, 5 still trapped in coal mine in China’s Guizhou province

53 people have been rescued while five still remain trapped in a coal mine in China's south-western province of Guizhou following the collapse of two separate sections of the mine's tunnel within the space of several days.

Marc Howe | July 27, 2012 | 2:22 am

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