Queensland’s new tax angers coal miners
Australia’s biggest miners say the Queensland government’s latest move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Glencore plc
Drilling at Martiniere boosts Balmoral
Shares of Balmoral Resources(BAR-V, BALMF-O) surged nearly 40% in the three trading days after the junior explorer reported results on Aug. 16 from its summer drill program at its flagship Martiniere property in Quebec’s Abitibi region,…
Queensland’s new coal royalties upset miners
Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Puma hunts high-grade silver in New Brunswick
In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Rimouski, Que., based…
North American Nickel’s interstellar story at Maniitsoq
It is not often that a mining company finds itself headlining space publications and astronomy journals, but that is exactly what happened to North American Nickel (NAN-V, WSCRF-O) when the Geological Survey of Denmark and Greenland announced…
Panoro’s Cotabambas could attract a buyer
Christopher Chang of Laurentian Bank Securities believes Panoro Minerals’ (PML-V) Cotabambas copper-gold project in Peru could become an acquisition target, and has initiatied coverage of the junior with a “buy” rating…
Cline hit hard by falling coal demand, suspends New Elk ops
Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies are taking a toll on coal producers, with Toronto-based developer Cline Mining (CMK-T) halting operations at its…
Papua New Guinea scaring off miners
Aldridge Minerals (AGM-V) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).The company will abandon its Kili Teke gold-copper property in the country now that its licence renewal…
Glencore, Xstrata merger faces investor scrutiny
A deal that would be a defining transaction in the natural resource sector is facing pointed criticism from a group of activist investors. Prominent shareholders of mega-miner Xstrata (XTA-L) are questioning the inherent value in a…
WCB hunts gold, copper on PNG’s Misima Island
When Xstrata (XTA-L) put its share of the US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the country — especially given…
Papua New Guinea continues to scare off miners
Aldridge Minerals (AGM-T) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).
Glencore, Xstrata face investor activism
VANCOUVER — A deal that could be viewed as the flagship transaction in natural resource mergers and acquisitions is facing heavy criticism from a group of activist investors, as prominent shareholders of mega-miner Xstrata PLC (XTA-L)…