Nathan Tinkler's fortune has plunged by over 50% since last year causing the electrician-turned-mining magnate to tumble to second place on a list of Australia's richest young entrepreneurs.
The scions of two of Australia's leading mining dynasties are waging battle in court once again, this time over ownership of the Hope Downs iron ore deposits in Western Australia's mineral-rich Pilbara.
Lundin Mining Corporation (TSX:LUN) shed more than 3% on Wednesday after announcing that it does not intend to exercise its $80 million option to acquire 80% of a copper project in northern Spain.
British Columbia, Canada's most western province, will employ over 16,700 mining professionals in the next 10 years according to a report released Wednesday by the Mining Industry Human Resources Council (MiHR) in partnership with the BC Mining HR Task Force.
Top oil industry executives are asking Ottawa for rules to protect Canadian ownership of major oil sands companies from a flood of foreign investment expected in the sector.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) was down about 1% this morning as the giant copper producer followed the commodity prices down as a consequence of protests in Spain and Greece renewed fears about the euro zone debt crisis and its drag on global economic growth.