Leading Developments

In its Q2 earnings report, Cliffs Natural Resources said year-over-year revenues had declined by 26%. The lower revenues were primarily due to weak prices for iron ore and metallurgical coal, as...

Latin America

Capstone Mining has released the results of a positive feasibility study of the proposed $1.7 billion Santo Domingo iron oxide-copper-gold project in Chile's Region III. The project is owned 70% by...
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Agglomerated oxide ore is stacked for heap leaching at Alacer Gold’s Çöpler mine in eastern Turkey. The company is studying the feasibility of building a facility for pressure oxidation of sulphide ore...
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US & Canada

Pretium Resources has announced the results of an updated NI 43-101-compliant feasibility study of its high-grade, underground Brucejack gold-silver project in northern British Columbia. Tetra Tech...
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Brazil Imposes New Mining Tax

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.

Precious Metals ($/oz)

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