South Australia will bear the brunt of super tax – chamber

Up to A$40-billion worth of mining projects in South Australia could potentially be left stranded because of the country’s proposed super profits tax (SPT), an industry body said on Thursday. The South Australian Chamber of Mines and Energy...

Franco-Nevada's 'never been busier'

Resources royalty firm Franco-Nevada Corp sees lots of opportunities to add to its portfolio, both by buying existing royalties and by helping developers finance their projects in return for a future royalty, CEO David Harquail said on Friday....

East-Asian giant’s economy, demand for metals rebounding

THE Chinese economy is displaying significant signs of recovery, despite the global recession, and consequently the country’s demand for metals and minerals increased during the first quarter of this year. This is the analysis of Brazilian...

Mining major sees signs of Beijing’s stimulus working

MAJOR diversified miner Companhia Vale do Rio Doce (Vale) believes that China’s economic stimulus plan is beginning to have beneficial effects. In its report of its operational and financial performance for 2008, released last week, the...

Trans Hex warns diamond sales to face 'difficult' period, demand drops

JSE-listed diamond producer Trans Hex on Wednesday reported that rough diamond sales had been severely impacted by the global economic downturn, with prices in the six months ended September showing a decrease from previous highs. Trans Hex CEO...