Diamonds: as good as gold for investors?
The financial crisis of 2008 was the first time that many investors experienced first-hand the worst-case scenarios of investing. In response to that frightening experience, and the ongoing global financial…
Australia, NZ & South Pacific
Crazy Horse moves Taysan ahead with prefeasibility study
VANCOUVER — Philippines-focused Crazy Horse Resources (CZH-V) has outlined a 15-million-tonne-per-year open-pit copper operation at its Taysan project in a prefeasibility study.
Ivanhoe Australia eyes Mount Elliott’s riches
Ivanhoe Australia’s (IVA-T, IVA-A) acquisition in September 2010 of the Osborne copper-gold processing complex in northwestern Queensland will help transform the company into a significant base metal producer, and much of its mill feed is…
Friedland resigns from Ivanhoe Mines
Just a few months after Rio Tinto (RIO-N) took a controlling 51% stake in Ivanhoe Mines (IVN-T, IVN-N, IVN-Q), billionaire founder and chief executive Robert Friedland has resigned from the company, along with five other members of the senior…
Alacer ups 2012 production target, despite poor Q1 results
Alacer Gold (ASR-T, AQG-X) has bulked up its 2012 production guidance by 3% to 396,000 to 410,000 attributable ounces gold, following higher grades at its Copler gold mine in Turkey despite reporting a weak first quarter.
Freeport stands strong in eye of Indonesia’s nationalisation storm
VANCOUVER — The world’s largest, publicly-traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalisation overtures aimed at its…
Ivanhoe completes scoping study on Mount Elliott
Ivanhoe Australia’s (IVA-T, IVA-A) acquisition in September 2010 of the Osborne copper-gold processing complex in northwestern Queensland will help transform the company into a significant base metal producer and much of its mill feed is…
La Mancha rises on prospect of auction
La Mancha Resources (LMA-T) is putting itself up for sale, and the market likes its chances of attracting a healthy premium.
Australia imposes 30% mining tax
The Australian Parliament has passed a bill for a 30% mining tax on iron ore and coal mine profits in the country, leaving some miners and state governments threatening to fight back.
Rio may sell its diamond assets
Rio Tinto (RIO-N, RIO-L, RIO-A) is pondering whether its diamond assets have lost its sparkle.
Australia’s imposes 30% mining tax
The Australian Parliament on March 19 passed a bill for a new 30% mining tax on iron ore and coal mine profits in the country, leaving some miners and business groups in a fury.
Glencore eyes Viterra in $6.1B deal
Swiss-based Glencore International (GLEN-L) has tabled a friendly $6.1-billion cash bid for Saskatchewan-based grain handler Viterra (VT-T, VTA-A).