The head of India's biggest iron ore miner says Australia's reputation as a very favorable place to invest has not been dented by the combination of a carbon tax, mining tax and escalating labour costs as the $22 billion group prepares to establish a local mining arm.
Earlier today, Vancouver-based Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest on-site and online auctioneer of heavy equipment and trucks, reached and exceeded US$1 billion in online equipment sales for 2011 alone.
ARLINGTON, Va. — The U.S. Department of Labor's Mine Safety and Health Administration today announced that it has imposed a fine of $10,825,368, the largest in agency history, following its investigation into the April 2010 explosion at the Upper Big Branch-South Mine, which was operated by Performance Coal Co., a subsidiary of Massey Energy Co. The investigation followed an explosion that killed 29 miners and injured two – the worst U.S. coal mining disaster in 40 years. A report concludes that Massey's corporate culture was the root cause of the tragedy. MSHA has issued Massey and PCC 369 citations and orders, including for an unprecedented 21 flagrant violations, which carry the most serious civil penalties available under the law.
Initial underground mine production has successfully commenced at Xstrata Copper’s Ernest Henry Mining operation in north-west Queensland, marking the site’s transition from open pit mining, which is now complete, to underground mining and magnetite processing. This is a major milestone in the progression of Xstrata Copper’s AUD589 million project to extend its Ernest Henry operations to at least 2024.
Jay Taylor believes the biggest challenge facing the U.S.—deflation—could mean a better year, or even decade, for junior gold stocks.
Today I’m speaking with Patricio Varas, P.Geo., Chief Executive Officer and Director of Western Potash Corp
CBC News reports a British Columbia First Nation has announced it's backing the Northern Gateway pipeline project to ship oil sands crude to the West Coast, despite fierce opposition from dozens of other groups in the area.
Reuters reports protestors abandoned roadblocks on Saturday after police were called in to secure access for basic goods to Cajamarca on day 10 of the conflict over Newmont Mining’s proposed Conga gold mine in northern Peru.
Rio Novo Gold Inc. (TSX:RN.TO - News)(TSX:RN-WT.TO - News) ("Rio Novo" or the "Company") is pleased to announce that the "Licenca de Instalacao", (the "LI" or "Construction License") has been issued for its Almas Gold Project by the Tocantins State Natural Resources and Environment Authority (NATURATINS). TORONTO, ONTARIO--(Marketwire - Dec. 2, 2011) - Rio Novo Gold Inc. (TSX:RN)(TSX:RN.WT) ("Rio Novo" or the "Company") is pleased to announce that the "Licenca de Instalacao", (the "LI" or "Construction License") has been issued for its Alma...
Investors focused on picking the next ailing economy have reinforced gold as the ultimate refuge if all the financial juggling fails. In this exclusive interview with The Gold Report, Chen Lin talks about the effects of risk aversion on the performance of gold stocks.