Meet QT; QE’s evil twin
There is a growing sense across the financial spectrum that the world is about to turn some type of economic page.
There is a growing sense across the financial spectrum that the world is about to turn some type of economic page.
Prime Minister Stephen Harper said if re-elected, the Conservatives will extend the mineral exploration tax credit and add another, higher tax credit for projects in remote areas.
Despite happy economic reporting from the government, ShadowStats' John Williams warns that underlying problems from the crash of 2008 were never addressed, leaving the United States in a recession papered over by sleight of hand and a workforce redefined out of existence.
CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.
Konkola Copper Mines, owned by Vedanta, said the move was a result of poor metal prices, which has hit the global copper industry very hard.
Billions wiped from mining sector as Chinese manufacturing activity contracts to a six-and-half year low.
Labour action threatened after half the workers at El-Abra mine in Chile – jointly owned by world's top copper miners Codelco and Freeport – were let go.
The verdict, however, doesn't allow the company to resume operations at its gold-copper Skouries mine.
New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.
More demonstrations are expected Monday, as mine workers rally near the Canadian company's mines.