Asia

The Indian government is considering changing its procurement rules to provide better flexibility for domestic miners to shop abroad for high-end mining equipment, including longwall technology.
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Africa

Leading Developments

Goldcorp purchased New Gold’s 30% interest in the El Morro copper-gold project in Chile, creating an opportunity for it to work with Teck Resources on a much larger project (Project Corridor)....

US & Canada

Midway Gold Corp. announced on June 22 that it was filing voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. The announcement followed on the heels of a June 19...
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Brazil's largest mining state, Minas Gerais, imposed a new tax of 2.18 reals ($1.17) per metric on iron ore and other mined ores. For iron ore, it amounts to about 1% of the current price for prompt delivery. It was the second tax levied on the mining industry by a regional government in December. Brazil's Para state, home to of Vale’s Carajas system, imposed a tax of 6.45 reals on iron ore. Legislators in Minas Gerais justified the tax, according to Latinominería, claiming that mining companies should contribute more to the cost of policing their operations.According to Reuters, Vale said the tax was illegal and said it was seeking to contest it.

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