Chinese burn fingers in the Pilbara
“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”
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Power to China in the IMF – does this mean gold to be mobilized?
While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.
South Africa to up the rent because nationalisation would break the bank
The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their investment.
FLSmidth opens all-in-one service centre in Chile
FLSmidth has opened an all-in-one service centre, called a Supercenter, in Renca, Santiago, Chile. The centre is one of eight planned to be built in countries where FLSmidth has signifi- cant mining and cement operations.
Coal prices sink again as Chinese storage yards near capacity
Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.
Rio Tinto makes first coal shipment from Mozambique
Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.
Coeur d’Alene evaluating Argentina mine, offers $350m in senior notes
US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high operating costs during the rest of the mine’s short expected life.
Anglo and Codelco like the boy who cried wolf: dispute deadline moved to July 17
London-based Anglo American and Chile's state-owned Codelco did not came to an agreement on Friday over disputed copper assets which has had the miners engaged in a bitter legal confrontation for months.
Miners have made a gold ETF monster: Nadler
The uninterrupted rise in gold ETFs has created an untested investment vehicle that could turn against people holding it, said Kitco economist Jon Nadler.
