MINING.COM

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

Anglo Platinum confirms large-scale lay-offs

South Africa's Anglo Platinum, the world's largest primary platinum producer, has confirmed the lay-off of 725 employees from its central services and support functions, provoking the ire of the mining's industry's national union.

Marc Howe | July 27, 2012 | 1:02 am

Newmont sees earnings dive on dismal output

Newmont Mining's (NEM) second quarter earnings plunged 28% compared to the same period last year on reduced gold and copper output.

Marc Howe | July 26, 2012 | 11:55 pm

Silver Wheaton not fazed by Pascua-Lama delays

Silver Wheaton will be paying less than $4 an ounce to take the precious metal of Barrick's hands.

Frik Els | July 26, 2012 | 10:18 pm

Argus Metals drops 44% on the day

Reports that assays contained "interesting enrichment in certain rare earth elements" and that gold mineralization was not tested in the area, were not enough to deter investors from dumping the stock – which traded at 17 times the normal volume.

Joshua Zapf | July 26, 2012 | 8:19 pm

Barrick’s Donlin move cuts Novagold stock off at the knees. Novagold says it’s ‘encouraged’, Paulson not so much

NovaGold lost over 25% on Thursday, after Barrick said that the Donlin JV with Novagold doesn't meet its investment criteria. Novagold tried to make the best of the news, but shareholder John Paulson suffered another blow to his $21 billion fund.

Frik Els | July 26, 2012 | 8:10 pm

US Silver investors welcome hostile Hecla with open arms

US Silver responded today by saying it's studying the offer and for now the much lower valued RX Gold & Silver deal stays in place.

Frik Els | July 26, 2012 | 7:04 pm

Net income down? Agnico-Eagle isn’t worried

Despite a drop in net income, from $68.9 million last Q2 to this year's $43.4, the miner saw an increase in revenue, gold production and, as a result, a pleasant 8.5% rise in stock price.

Joshua Zapf | July 26, 2012 | 6:52 pm

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