Macarthur Minerals posts new resource on Lake Giles iron ore project
Macarthur Minerals (MMS-V) has completed the first inferred resource estimate for surface hematite-goethite mi…
Australia, NZ & South Pacific
Xstrata pulls plug on new investments in Australia
The backlash against Australia’s proposed Resource Super Profits Tax (RSPT) is starting to draw blood with Xstrata’s (XTA-L, XSRAF-O) decision to suspend US$495.2-million worth of investments in its W…
Killing the golden goose
Chief executives in the mining industry told PricewaterhouseCoopers (PwC) in a recent survey that they feared cash-strapped governments would increasingly look to mining companies as a source of addit…
Xstrata pulls plug on investments in Australia
The backlash against Australia’s proposed Resource Super Profits Tax is starting to draw blood with Xstrata’s …
Crocodile reaches commercial production at Union Reefs
After having its first gold pour six months ago, Crocodile Gold (crk-t) has reached commercial production at i…
Who will follow Australia’s lead on mining tax? (May 31, 2010)
The global mining team at UBS Investment Research is fingering Brazil, the Democratic Republic of the Congo (DRC) and Mongolia as “potential early adopters” of taxes similar to Australia’s proposed ne…
Chinese miners venture to Jamaica for bauxite/alumina
Chinese companies have been buying mineral assets or joint-venturing with resource companies wherever they can find them. The financial crisis only accelerated the trend as distressed companies looked…
Lihir agrees to improved Newcrest offer (May 24, 2010)
Papua New Guinea-focused Lihir Gold (LGG-T, LGL-A, LIHR-Q) has agreed to be acquired by Newcrest Mining (NCM-A), which has projects in Australia, in a deal that values the former at A$9.5 billion.
Who will follow Australia’s lead on mining tax? (May 18, 2010)
The global mining team at UBS Investment Research is fingering Brazil, the Democratic Republic of Congo and Mo…
Editorial: Aussie tax showdown
While the European debt crisis and all-time record-high gold prices above US$1,240 per oz. have grabbed the …
New tax raises miners’ ire in Australia (May 10, 2010)
Australia’s reputation as a mining-friendly country with a stable tax regime was thrown into doubt after the national government announced plans to create a new tax that specifically targets miners in…
Tax news wallops Aussie miners
Australia arguably slipped from being a pro-mining country to an anti-mining one in early May, as the left-leaning federal government there unveiled sweeping plans to change the island nation into one…