SEMAFO has recently reported that it has updated its mineral reserves for its Mana Mine in Burkina Faso to total 1.7 million ounces.
The new Australian Prime Minister Julia Gillard is learning first hand about the pressure that forced her predecessor Kevin Rudd to quit. The mining industry has been after her to 'jumpstart' talks about the proposed mining tax so that negotiations can get underway.
By Joel Scanlon
29 Jun 2010
The new proposed mining law came about after the disastrous explosion at a West Virginia mine operated by Massey Energy Co. on April 5, 2010 and the explosion on April 22, 2010 at Deepwater Horizon oil rig.
Toronto based mining company Spider Resources Inc. received a revised proposal from Cliffs Natural Resources Inc. to obtain Spider Resources' support in an acquisition of the company by Cliffs Natural Resources. This inc...
Rio Tinto seems to be facing problems with alliances and proposed alliances everywhere. A proposed iron ore venture with BHP Billiton Ltd may be voted down by the Rio Tinto Group shareholders as they do not agree to the current terms of payment.
As a storm threatens the cleanup operation of the BP oil spill in the Gulf of Mexico, the boss of the Royal Dutch Shell Company Peter Voser, said that it was unlikely that deep water drilling would be given up by his com...
By Joel Scanlon
28 Jun 2010
Tropical depression Alex is being viewed with some concern by both BP and the US Coast Guard as it moves into the southwestern gulf. Alex is likely to make BP’s clean up drive and oil collection efforts difficult in the Gulf of Mexico.
By Joel Scanlon
28 Jun 2010
If you thought that buying gold was the safest investment that you could make Macquarie Bank interest rate strategist Rory Robertson, would have you rethink that decision. He considered gold a bubble waiting to burst.
By Joel Scanlon
28 Jun 2010
WorleyParsons an Australian engineering company and part of a consortium with the Canadian engineering and construction group SNC-Lavalin issued a statement on Monday saying that it had been awarded a contract to provide Vale’s S11D processing facility with engineering services.
The mining industry does not like the ambiguity that hangs over the new proposed mining tax. The Resources Super Profits Tax which was introduced at 40% by the last Prime Minister Kevin Rudd led to a series of anti tax c...
By Joel Scanlon
28 Jun 2010
Russian energy company Gazprom has resumed normal gas supply to Belarus after it stated that the $200 million debt was almost paid off. The energy giant Gazprom had reduced the supply of gas by 60 percent in wake of the ...
By Joel Scanlon
27 Jun 2010
Wuhan Iron & Steel Corp, the Chinese government controlled steel giant has signed a Memorandum of Understanding (MoU) with Australian company Riversdale Mining Ltd.
By Joel Scanlon
27 Jun 2010
Fortescue's chief executive, Andrew Forrest has been demanding that the mining tax be taken off the table ever since it was announced. He has been one of the primary faces of the “axe the tax” campaign la...
BG Group Plc has received environmental approval for its proposed liquefied natural gas project in Queensland State on Friday. It is the second venture to secure permission. Four similar ventures are planned to convert c...
By Joel Scanlon
27 Jun 2010
Sundance is trying to get a second rescue team to try and salvage the bodies from the crash site in Africa. Sundance Resources Ltd lost its entire board of six members in the aircraft crash on Saturday on the western ridge of Congo's Avima Range, near the Gabonese border.