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Peru Reassures Miners Over Honouring Existing Contracts

President-elect Ollanta Humala of Peru said that the county would respect the existing mining contracts. The price of mining stocks had plummeted on June 6, when the concerns over raising mining royalties and increased government control over natural resources were feared.

9 Jun 2011

Tanzania Looks to Increase Mining Taxes

In Tanzania the planning commission is considering introducing a super profit tax in the mining sector which would be similar to Australia’s resource rent tax. The country is amongst the top three gold producing nations in Africa.

From Barrick Gold Corporation 9 Jun 2011

Condor Petroleum Begins Drilling Operations at Kiyaktysay North-3 Well

Condor Petroleum has started drilling operations at the Kiyaktysay North-3 (KN-3) in Zharkamys West 1 Territory, Kazakhstan.

9 Jun 2011

Celebrities, Statesmen and Scholars Pressure Obama on Grand Canyon Mining Buffer

President Obama is being forced to take notice of the mining issues near the Grand Canyon by celebrities. An open letter with signatures of a number of prominent Americans has been printed in the New York Times urging the President to consider the 20 year extension of the mining buffer zone around the Grand Canyon National Park.

8 Jun 2011

AMMA Sets Up Legal Fund to Fight Fair Work Australia Rulings

The Australian Mines and Metals Association (AMMA) after playing a key role in stopping the Rudd government from introducing the Resources Super Profits Tax has decided to set up a fighting fund to finance court challenges against rulings of Fair Work Australia.

8 Jun 2011

Environmentalists Raise Concerns for Deep Sea Mining at Fiji Conference

The mining industry has found another metaphorical gold rush and it’s lying at the bottom of the Pacific Ocean. Environmentalists who are worried about the impact of deep sea mining on marine ecosystems are hoping that the large number of firms looking for ocean floor mining permits is not entertained.

7 Jun 2011

Chinese Bank to Fund Palmer's Galilee Basin Coal Project

Mining magnate Clive Palmer has managed to get China to finance his latest project. The Chinese Exim bank will help develop the mine by financing the China First project in the Galilee Basin in central Queensland.

7 Jun 2011

Australia Mining Boom to Last Decade Barring Global Catastrophe

The new Treasury Secretary Martin Parkinson is optimistic about the mining boom lasting about another decade barring global catastrophe.

6 Jun 2011

Minimal Carbon Tax Effect on Mining Jobs Says Expert

Even as the New South Wales government prepares to protest against the carbon tax people took to the streets in a weekend rally to support the tax. The carbon tax is seen as a price for pollution and the people want it to be implemented even as the mining industry screams that it will result in loss of twenty thousand plus jobs.

6 Jun 2011