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.
Freeport-McMoRan Inc
Nationalization agendas will take a bite out of industry revenues
Vancouver— Indonesia’s new indigenization legislation aimed at foreign mining companies opens another chapter in a resource-nationalization saga amongst developing countries.
US stocks fairly flat in Feb 27 to March 2 period
Vancouver — U.S. markets were fairly flat in the period, despite the G20 rejecting calls to fund Euro bailout funds, the IMF warning that the global economy is still at risk of a slowdown, and both U.S. housing prices and durable goods…
Newmont suspends Conga construction
Newmont Mining (NMC-T, NEM-N) has indefinitely halted construction activities in agreement with the government of Peru at its 51%-owned Conga gold-copper project in the northern region of Cajamarca, following weeks of protests over the proposed…
Outlook 2012: Patricia Mohr likes copper
Despite analysts facing some of the most difficult markets in years, Patricia Mohr, economics and commodity market specialist with Bank of Nova Scotia, agreed to delve into the difficult job of trying to predict where the prices of some key…
Newmont suspends construction of Conga
Newmont Mining (NMC-T, NEM-N) has indefinitely halted construction activities in agreement with the government of Peru at its 51.35%-owned Conga gold-copper project in the northern region of Cajamarca following weeks of protests over the…
Dia Bras latest to grapple with opposition in Peru
The road to Dia Bras Exploration’s (DLB-V) Yauricocha mine in Peru’s Yauyos province is now open after a blockade was cleared.
Candente Copper a likely takeover target?
Candente Copper’s (DNT-T) sizeable Canariaco Norte copper-gold deposit in northern Peru has been receiving a lot of buzz lately, with a few analysts tipping the project as a likely takeover target.
Violence plagues Freeport’s Grasberg mine
Three contractor workers died and two security personnel were wounded at Freeport-McMoRan Copper & Gold’s (fcx-n) Grasberg copper-gold mine in Indonesia’s Papua province on Oct. 14.
What next for Lundin?
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N, BTL-L) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on the Telegraph’s website on Aug. 8 added more fuel to the fire.
Mukuba Resources options land next to Tenke-Fungurume
At just 19.5¢ a share and 57.4 million shares outstanding, Mukuba Resources (MKU-V) may have slipped under the radar of many investors. But a recent option and joint-venture (JV) agreement on a tenement adjacent to the Tenke-Fungurume mine…
Barclays still bullish on copper
Copper prices could move lower before they go higher, but Barclays Capital says it believes we have not yet seen the highs for this year.