Asia

The Indian government has approved development of legislative changes to allocate mineral resources such as iron ore, manganese and bauxite through the auction route, replacing the present...
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Africa

Ivanhoe Mines has reported the results of a positive, independent prefeasibility study (PFS) for a first phase of development of its Platreef platinum group metals project on the Northern Limb of...
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Latin America

Hudbay Minerals achieved initial concentrate production at its Constancia open-pit porphyry copper project in southern Peru in the fourth quarter of 2014 and expects to declare commercial production...
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Leading Developments

In its half-year report (ending December 2014) — a six-month period characterized by volatile commodity markets — BHP Billiton met or exceeded expectations in most areas. Earnings declined by 12% to...

US & Canada

Energy Fuels and Uranerz Energy announced on January 5 an agreement to combine the two companies, with Energy Fuels acquiring Uranerz in an all-stock transaction valued at about C$150 million. Upon...
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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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