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.
News
Victory Gold hits the spot at Gold Pike
In the gold mining game some juniors search for the next big elephant in far-flung places that have seen nary a drill collar, while others take a more conservative approach.
Spot prices
Tuesday, Mar 27, 2012
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 26, 2012 (change from March 19 in brackets):
Producer and dealer prices
Antimony: Mid-mkt US$12,950.00/t
It’s high noon for Anglo and Codelco at Los Bronces
Vancouver — A dispute between Anglo American (AAUKY-Q, AAL-L) and Chilean state-owned copper miner Codelco over the Los Bronces copper mine in Chile has devolved into a public spat in the Chilean courts and international press.
Katanga wants to be Africa’s biggest copper producer
Katanga Mining (KAT-T) is gearing up to take a big copper project, and make it that much bigger.
A ‘win-win’ deal for Kirkland, Queenston
In a move to secure future growth, Kirkland Lake Gold (KGI-T, KGI-L) is buying Queenston Mining’s (QMI-T) 50% stake in seven jointly held properties the two have in Ontario’s Kirkland Lake gold camp for $60 million in cash and a…
Pullback in gold is buying opportunity, Macquarie says
Since the outbreak in 2007 of the global financial crisis, March has been the worst month for the gold price with average declines of about 1.6%. But David Doyle, a Toronto-based strategist and economist at Macquarie Capital Markets, believes…
Ontario pays God’s Lake $3.5M to give up claims
Vancouver — The Ontario Government has agreed to pay God’s Lake Resources (GLR-V) $3.5-million to give up its mining lease and claims on 35 sq. km of Kitchenuhmaykoosib Inninuwug (KI) First Nation traditional land.
Entre Gold continues to bank in-ground copper assets
Vancouver — Entrée Gold (ETG-T, EGI-N) has amassed an impressive collection of copper resources and reserves in Nevada and Mongolia, but getting it out of the ground may be the rub.
The old Leprechaun offers up challenges to Marathon
Marathon Gold (MOZ-T) and Mountain Lake Resources (MOA-V) had to fight through some heritage issues at the Leprechaun deposit in Newfoundland, but its latest resource update outlines a resilient deposit.