Leading Developments

BHP Billiton announced the shipment of its billionth ton of iron ore to China last week in a Shanghai ceremony attended by industry associations, partners and suppliers; the Melbourne,...

Latin America

Canadian junior company NGEx Resources reported the results of a positive preliminary economic assessment (PEA) of its 60% owned Los Helados copper project in the Atacama Region of northern Chile....
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Africa

London Mining, owner and operator of the Marampa iron ore mine in Sierra Leone, announced on October 16 that, “Following a longer than expected period of negotiations between the senior lenders and...
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Asia

After a six-year wait, India’s largest iron ore miner, NMDC Ltd., has gained access to new iron ore reserves in the central Indian province of Chhattisgarh, an official in the ministry of mines...
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US & Canada

Areva Resources Canada and Cameco announced in early October that the McClean Lake mill had begun producing uranium concentrate from the high-grade Cigar Lake mine in northern Saskatchewan, Canada. The...
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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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