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POLITICAL ECONOMY
Indonesia stretches export duty to 21 metals
Wednesday , 16 May 2012In total, 65 mineral types excluding coal will be affected by the new export duties, effective immediately, finance minister Agus Martowardojo said Wednesday.
A Greek exit's impact on gold
Wednesday , 16 May 2012For David Levenstein, even though gold's long-term trend remains intact, the short-term damage so far inflicted suggests gold may trade to between $1525/oz to $1500/oz before prices rebound.
After making great strides in 2011, BC mining is ‘forging ahead'-PwC report
Wednesday , 16 May 2012While British Columbia has a lot of reasons to be optimistic about mining, there is no room for complacency, says the leader of PwC's BC Regional Mining Practice.
Freeport-McMoRan concerned by Indonesia mine violence
Tuesday , 15 May 2012CEO Richard Adkerson says the violence around its vast Grasberg mine is concerning but is confident the firm can resolve issues with the Jakarta government over moves to limit foreign miners' operations and profits.
South African mines minister plays down tax worries
Tuesday , 15 May 2012Speaking on the sidelines of a diamond conference in Vicenza, Italy, Susan Shabangu said it was too early to discuss details of the tax proposal but added it will keep the country's vital mining industry competitive.
Senate bill seeks to stop ‘fire sale' of Federal Helium Reserve
Monday , 14 May 2012The dwindling U.S. government stockpile of helium has scientists, politicians, corporations and federal employees concerned about the ramifications to medicine, science and industry.
Indonesia plans new quotas to limit mineral exports
Friday , 11 May 2012The quotas, which will be initially introduced between June and August, will apply to all mineral exporters, a Trade Ministry official said Friday.
Kumba's Sishen saga heads for Appeal Court
Friday , 11 May 2012South Africa's high court granted ICT and the department of mineral resources leave to appeal a ruling on the ownership of lucrative iron mineral rights
Fronting and shady procurement plague SA mining - Shabangu
Friday , 11 May 2012During her annual departmental budget speech to Parliament, South Africa's Mineral Resources Minister slammed poor transformation in mining.
Political faultlines underlie Southern African platinum veins
Thursday , 10 May 2012Income disparities, labour strife and political populism are fueling intense brands of resource nationalism in South Africa and Zimbabwe, where most of the world's platinum is situated.
South African Mines Minister says tax regime competitive
Thursday , 10 May 2012Susan Shabangu, the SA mines minister says while the current system is working well, the state should be wary of not overburdening an industry already hit with labour issues and work stoppages which have curbed output.
Vale wins court injunction barring $12.4bn tax debt repayment
Thursday , 10 May 2012Brazil's Federal Supreme Court suspended on Wednesday the payment of about $12.4 billion in back taxes by Vale, handing the company a temporary victory in a dispute with the government.
Business, miners hit in Australian budget
Wednesday , 09 May 2012Australian Budget paints Wayne Swan as Robin Hood and miners as the Sheriff of Nottingham
SouthGobi unit helps in Mongolia anti-corruption probe
Wednesday , 09 May 2012The miner says it is co-operating with Mongolia's anti-corruption agency regarding a probe into a third party to explain Tuesday's sharp fall in its share price.
Glencore under fire over DRC mining deals
Wednesday , 09 May 2012Anti-corruption group Global Witness says Glencore should provide more detail on what it says are "potentially corrupt deals" in the DRC.
TOP STORIES
Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
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