Fortescue Metals Group Ltd chief Andrew Forrest is now feeling confident about reaching a deal over the Resources Super Profits Tax (RSPT) with the Australian Government.
Ivanhoe Mines received a financial shot in the arm from Rio Tinto as it bought shares worth US$393 Million to increase its ownership to 29.6% in the company. The funds generated are to be used to start the construction of the Oyu Tolgoi Copper – Gold Mining complex in Mongolia.
The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...
According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to about $170 billion in...
Rio Tinto's Eagle, a nickel and copper mine in Michigan worth $469 million, has been approved. This is the second overseas investment by Rio Tinto after the Australian government announced the RSPT mining tax.
The republic of Mongolia is currently being wooed by the London Stock exchange, Hong Kong Exchanges and Clearings, and Nasdaq. The issue is the listing of Mongolian Mining Companies. The estimated mineral wealth of Mongolia is said to be vast despite limited exploration in the country.
The image of Afghanistan as a poor under developed country may soon need a change as Pentagon geologists have placed the value of mineral deposits in the country at an estimated US$1 trillion.
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