Brazil's Vale, the second-largest mining company in the world, had been seen as a possible saviour for PotashCorp but on Monday Vale denied that it was in talks to acquire the Canadian fertilizer company.
Lihir Gold Limited (ASX: LGL), a gold company with operations in Papua New Guinea, Australia and West Africa, has accepted the takeover bid offered by Newcrest Mining as shareholders have voted unanimously in favour of the bid.
Mining tax woes for the industry seem far from over. With no clear winner emerging after the elections there is grave uncertainty over how the tax will eventually end up being framed and passed. This is causing mining majors to tread with extreme caution.
Boart Longyear Ltd (ASX:BLY), the world's largest drilling services provider has announced that its net profit for the period ending June 30 was $US32.7 million. This comes after a $US5.4 million loss in the corresponding period last year.
The proposed mining law review in South Africa may help calm down the fears of investors and the worries of mining companies. Rumours of mining concession rights battles and nationalization of mines have been doing the rounds all of this year.
Senator Bob Brown of the Greens may be in the mood to negotiate but Prime Minister Julia Gillard is not. She was speaking to the National Press Club in Canberra regarding the fate of the Minerals Resource Rent Tax when she said that a re-elected Labor government would have a mandate for the tax.
Congress Party President Sonia Gandhi has begun a campaign against illegal mining in Karnataka, India and the state BJP Government. Describing such activities has a threat to the economy of the country and a way of life she asked for a Commission of Inquiry to be set up.
China's abyssal safety record in the mining industry has provoked Chinese mining officials to seek the help of safety experts from Australia's Hunter Valley region. On an average, 13 people die in mining incidents in China each day.
Goldbrook Venture Inc has announced that the company is ready to exploit the known resources of the Nunavik Nickel Project in Ungava in northern Quebec.
Bob Brown, Australian senator, and Parliamentary Leader of the Australian Greens, has proposed a bigger mining tax to fund education to the tune of an extra $2 billion to be pumped into public schools and universities.
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