Commentary: The risks of gold mining in Peru
For several years Peru has maintained its position as one of the world’s top producers of gold, silver, zinc, copper and lead.
Regulatory Issues
SouthGobi warns of possible suspension
Just two weeks after the Aluminum Corporation of China (Chalco) announced that it intended to make a proportional takeover bid for up to 60% of SouthGobi Resources’ (SGQ-T) issued and outstanding shares, and Ivanhoe Mines (IVN-T, IVN-N,…
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…
Sweeping changes proposed for environmental review process
VANCOUVER — The Canadian Government has outlined broad changes to the environmental assessment process in an effort to improve efficiency and certainty, but only when the legislation is tabled will it become clear how the government…
Platinum Group Metals scores South African mine permits
Vancouver-based developer Platinum Group Metals (PTM-T, PLG-X) is looking to fill a gap in mid-term platinum group metals (PGM) supply. And with a mining permit in hand for its Western Bushveld platinum joint venture in South Africa, the…
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.
Nationalization to bite into miners’ revenues
Indonesia’s new indigenization legislation aimed at foreign mining companies opens another chapter in a resource-nationalization saga amongst developing countries.
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.
Class actions now in session
Vancouver — The numbers are sobering: A $4-billion class action lawsuit against Kinross Gold (K-T, KGC-N), a $1-billion claim against Baffinland Iron Mines, a $250-million claim against Agnico-Eagle Mines (AEM-T, AEM-N), a $66-million…
Inmet keeps wary eye on smouldering Panama policy debate
Toronto-based Inmet Mining (IMN-T) is on the periphery of a pitched battle between Panamanian President Ricardo Martinelli and indigenous groups protesting the government’s aggressive resource-expansion policies.
Editorial: Enviro report echoes feds’ priorities
Proposed changes to Canada’s Environmental Assessment Act could streamline and simplify the environmental approval process, much in-line with pledges already made by the federal Conservative government.
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.