mineral exploration project – commodity prices – mining stock- trade and market

Australian Prime Minister Julia Gillard is likely to call an election on Saturday, broadcaster ABC reported on Friday, in a move that could seal the fate of the Labor government’s proposed mining tax.

The government aims to raise A$10.5 billion from 2012 under the watered-down 30 percent tax agreed by global miners BHP Billiton, Rio Tinto and Xstrata, but the conservative opposition has vowed to dump it.

Opinion polls published in Fairfax and News Ltd newspapers put Labor ahead of the conservative opposition at 52 percent versus 48 percent. For a Reuters poll trend, see:...

Fights about proper ownership of natural resources, especially mined product, have been a feature of Australian public policy debate since early settlement. Lack of consultation, arbitrariness and an overweening and greedy government famously caused the Eureka rebellion.

Fast forward to today, we have all these ingredients minus the muskets, plus retrospectivity, sovereign risk, slavering international competitors such as Brazil, Indonesia and South Africa, and a growing capital strike.

Much of the future impact of the Rudd government’s new mining tax is thought to fall on...

Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with...

Mozambique Government has approved the environmental impact study for the construction of coal-fired power plant in Benga region, Tete Province. Development of coal-fired power plant will be done by Riversdale mining company. Project coal-fired power plant using coal as Benga energy power plants. Development of coal-fired power plant carried out in two stages.

Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to...

Winter and snow that occurred in some parts of China affect the mining exploration activities in China, so that mining production decreased. Decrease in mining production from China to change the status of China became an importer exporter of mining raw materials.

Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could undermine export markets for the Australian commodity.

Rio Tinto chief executive Tom Albanese said he knew the leader of an energy company who likened opportunities in Mongolia to a ‘‘religious experience’’.

Alton Coal mining company received approval from government regulators to exploration Utah coal mine in southern Utah. Exploration licensing coal mining after mining companies willing to provide guaranteed funds for mine site reclamation for coal to be on exploration.