The Singapore Exchange Ltd is considering offering non-ferrous metal futures contracts for trading on its derivitives market.
By Joel Scanlon
31 Aug 2010
Despite the uncertainly over Australia's proposed super mining tax, based on the hung parliament following the elections held on August 21, Rio Tinto, the world's second largest iron ore exporter has given the green light to their iron ore joint venture with Hope Downs Iron Ore.
By Dr. Cameron Chai
31 Aug 2010
A new study published in the journal, Proceedigs of the National Academy of Sciences, confirms fears that Native Canadians have held for some time relating to the mining of oil sands in Alberta.
By Dr. Cameron Chai
31 Aug 2010
Banks are looking to distance themselves from activities that they think may damage their reputations and bottom lines. One such activity of mountaintop mining practices.
The Mongolian coking coal company Mongolian Mining Corp has been approved by the listing committee of the Hong Kong stock exchange. It was formerly known as Energy Resources and runs the Ukhaa Khugdag mine located 245 km from the Chinese border.
By Joel Scanlon
30 Aug 2010
IMX Resources has finally opened its Cairn Hill Mine located 55 km south east of Coober Pedy. The South Australian Premier Mike Rann officially opened the mine which is being seen as the first of the next generation of iron ore miners in South Australia this century.
By Dr. Cameron Chai
30 Aug 2010
Gold is glittering in the country as the Australian production of the precious metal rose to a six year high in the June quarter.
By Joel Scanlon
30 Aug 2010
After Vedanta was refused permission by the ruling Congress Party Government to set up a bauxite mine in the Niyamgiri Hills it has begun scouting for alternative locations. Rahul Gandhi having placed the last nail in the coffin for the plan on 26 August with his statement.
The Environment Protection Coalition set up by Earthjustice, the Environmental Integrity Project and the Sierra Club, have scrutinized coal waste disposal across 21 states in the U.S. to come up with their survey.
By Dr. Cameron Chai
30 Aug 2010
In response to the Indian Government’s actions Vedanta Aluminium has stopped the expansion of its alumina refinery at Lanjigarh in Orissa.
The Perth based company said that it was exploring options to better capture value from its royalty stream from BHP’s Mining Area C tenements in Western Australia as well. The formation of a royalty based company via an IPO and an in specie distribution to shareholders are both being considered by Iluka Resources as of now.
Iron ore prices per metric ton may drop to $129. This may be a reason why BHP Billiton’s chief executive officer Marius Kloppers said that they would be very disciplined about the ongoing bid for Potash Corp.
In the ongoing investigation at the Upper Big branch mine in West Virginia, new evidence uncovered by federal officials says that a handheld meter had detected explosive levels of methane before the blast which killed 29 miners.
The uncertainty over the new mining tax does not seem to be affecting the opening of a new mine in Southern Australia. The proposed Mineral Resource Rent Tax and its previous avatar have been held responsible for reduced investments in mines and ongoing projects around the country.
By Joel Scanlon
27 Aug 2010
In a tragedy in an abandoned gold mine in Venezuela six miners were killed while two others were injured as they worked the mine illegally.
By Joel Scanlon
26 Aug 2010