Cecilia Jamasmie , Senior Editor

Rio Tinto publishes tax report as Australian mining levy en route to become a law

Anglo-Australian mining giant Rio Tinto (ASX, LSE & NYSE: RIO) has voluntarily published its "Taxes paid report," outlining the US$10.2 billion it has paid in tax globally this financial year.

Cecilia Jamasmie | March 20, 2012 | 2:02 pm

China Moly pursues US $579 million from Shanghai IPO

China Molybdenum Co. (HKG:3993), the country’s largest producer of the element by output, plans to launch an initial public offering in Shanghai, which may raise around 3.65 billion yuan (US$579 million), to fund its new alloy project and boost output, according to a statement to the China Securities Regulatory Commission (CSRC).

Cecilia Jamasmie | March 20, 2012 | 1:00 pm

Ecuador on the verge of closing second large-scale mining deal

Ecuador’s government and Canada’s Kinross Gold could sign an agreement in June to develop the long-delayed “Fruta del Norte” gold project, the country’s largest mine, reports local newspaper El Telégrafo.

Cecilia Jamasmie | March 19, 2012 | 4:30 pm

Commodity prices drive TSX up, while Wall Street opened mixed

The Toronto Stock Exchange opened this morning moderately higher as commodity prices increased driven mainly by traders’ hopes of a U.S. housing market in recovery mode.

Cecilia Jamasmie | March 19, 2012 | 2:01 pm

Australia’s controversial coal and iron mining tax passes the Senate

The Australian Senate approved today a mining legislation that imposes a 30% tax on coal and iron ore miners, allowing the government to take a larger part of profits from a mining boom pushed by Chinese and Indian demand for raw materials.

Cecilia Jamasmie | March 19, 2012 | 12:54 pm

Peru’s illegal miners protests on hold after three died yesterday

Thousands of informal miners suspended their indefinite protest in the gold-rich Peru’s Madre de Dios region after three gold miners were killed in clashes with police yesterday.

Cecilia Jamasmie | March 16, 2012 | 3:00 pm

Korea Resources wants at least 10% of world’s largest met coal deposit

State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and North America, reports Bloomberg.

Cecilia Jamasmie | March 16, 2012 | 1:34 pm

Codelco’s battle with Anglo American worsens, threating Anglo’s business

Chilean copper giant Codelco is preparing new legal actions in its dispute with Anglo American (LSE:AAL) as the company is not satisfied with the documents submitted Wednesday to a civil court by the London-based company.

Cecilia Jamasmie | March 15, 2012 | 4:11 pm

Australian mining magnate sues the Government for carbon tax

Australian mining tycoon Clive Palmer will be mounting a High Court challenge against the Government's carbon tax, he told ABC News’ 7.30 Report.

Cecilia Jamasmie | March 15, 2012 | 2:55 pm

Harmony Gold’s workers mining their own business: company to give them 2,9% ownership

Over 33,000 workers of Harmony Gold Mining (NYSE:HMY), South Africa's third-biggest gold producer, will be owners of direct shares in the company thanks to its employee share ownership plan (ESOP), announced CEO Graham Briggs today.

Cecilia Jamasmie | March 15, 2012 | 12:38 pm

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