Vale sees higher tax bills ahead

Vale, the world's largest iron-ore miner, expects demand and prices for its main product to recover through 2012, but is likely to face bigger future tax bills that would make it harder to capitalise on any improvement in metal markets, company...

Rare and minor earths shares gain in line with higher metal prices

Rare and minor metals (RMM) equities had made considerable share price gains in the past 12 months, parallel with the metal prices, equity research firm Resource Capital Research (RCR) reported on Friday. Sydney-based RCR, which focuses on small...

RCR forecasts tantalum, tungsten supply shortfall

Equity research company Resource Capital Research (RCR) is forecasting a possible supply shortfall for tantalum, tungsten and zircon. In its September quarter report for rare and minor metals (RMM), RCR noted that a tantalum supply shortfall is...

Farallon will raise C$10m in bought-deal offering

Vancouver-based Farallon Mining will raise about C$10-million in a bought-deal offering of shares, and plans to use the funds to study a mill expansion and for exploration at its zinc/copper mine in Mexico. The company has inked an agreement...

Inca Pacific delays spending on new Peru mine

TSX Venture Exchange-listed Inca Pacific will cancel an order for a ball mill for its Magistral copper/molybdenum project, and will delay ordering any other long-lead-time equipment, in order to conserve working capital, the firm said on Monday....

Mining sector increasingly attractive to private equity - PWC

Private-equity investors, who have traditionally avoided the volatile mining industry, could make a much larger entry into the sector in the year ahead, professional services firm PricewaterhouseCoopers' (PWC's) Hein Boegman said on...

Nickel to surge over next decade of Chinese growth.

Australian miner Jubilee Mines has indicated that it believes that a bearish trend in the nickel market was a result of skeptics, who did not believe that China could continue to grow, a trend it says will turn in the next decade.

Base metals surge to new highs

Copper surged to three-year highs in yesterday’s trade, in the fourth day of a blistering run for the industrial metals, which lent a bullish backdrop to the annual gala gathering for London Metal Exchange dinner week.

Canico eyes $500m cost to build nickel mine

Canadian mining junior Canico Resource Corporation, which owns one of the world's prized nickel deposits, said on Monday it expects to sink $500-million to $600-million into building a mine and plant at the site in Brazil.

Switch by auto firms back to palladium unlikely to raise prices

An upsurge in the price and demand for palladium is not expected in the foreseeable future, despite a current trend by carmakers to switch back to the metal.

China floods trigger worries over metal output

Floods in southern China, which have killed 40 people have sparked worries in metal markets that domestic output may be curtailed by disruptions to concentrate supplies, traders said yesterday.

Iron-ore strikes while the steel market is hot

The future of the iron-ore industry hinges firmly on the demand for crude steel. Over the last three to four years, production-output records have been achieved despite the volatility of both iron-ore and crude steel market prices, reports...