Cecilia Jamasmie , Senior Editor

Argentina’s Parliament approves YPF takeover bill, irritating mayor foreign investors

Argentina's Congress voted 208-32 to move forward with a bill giving President Cristina Kirchner the green light to seize a 51% stake in the country's largest oil and gas producer, YPF SA from Spain's Repsol YPF SA.

Cecilia Jamasmie | May 4, 2012 | 2:28 pm

Why every miner wants to be Colombia’s new best friend

Once tinted by drug cartels and civil war, Colombia is now one of Latin America’s fastest growing markets and, according to the World Bank, the most secure country in the region in which to do business. Since yesterday, the country also has a new national mining agency, which is already looking for foreign investments to expand existing production and explore areas where rich deposits of key resources are suspected.

Cecilia Jamasmie | May 4, 2012 | 1:45 pm

Brazil’s Government wins latest round in Vale tax match

Brazilian mining giant Vale (NYSE:VALE) announced the country's Superior Court of Justice ruled in favour of the federal tax authority in its appeal against an injunction granted in March suspending payment of taxes on overseas profits by the company.

Cecilia Jamasmie | May 4, 2012 | 12:56 pm

Contractors protest at BHP Billiton’s Escondida in Chile

Contract workers blocked some roads to Chile's Escondida copper mine, the world's largest, on Thursday in a bonus dispute, although production operations weren't halted

Cecilia Jamasmie | May 3, 2012 | 3:08 pm

Indonesia jumps on the mining exports tax wagon

Indonesia has decided to have its mining cake and eat it too, as the country, one of the world’s largest exporters of copper and coal, will start imposing a 20% tax on mining exports beginning next week.

Cecilia Jamasmie | May 3, 2012 | 2:38 pm

Randgold profit doubles despite Mali turmoil

Gold producer Randgold Resources (LON:RRS, NASDAQ:GOLD) posted today strong results for its first quarter output and profits despite the political turmoil in Mali, from where it extract two-thirds of its gold output.

Cecilia Jamasmie | May 3, 2012 | 1:22 pm

How quickly can a mining magnate make your salary?

An Australian site has developed an online wealth calculator that allows you to see how a mining magnate can make the equivalent to your annual salary in a matter of minutes.

Cecilia Jamasmie | May 3, 2012 | 12:30 pm

Colombia to spend nearly $1.3 billion in coal-related ports expansions

Colombia’s leading coal producers are increasing investments dramatically to improve and expand their ports, in what is considered a key move for rising coal production in the country to 120 million tons within by 2014.

Cecilia Jamasmie | May 2, 2012 | 6:06 pm

New watchwords at BHP: sequencing, discipline, cash flow

BHP Billiton addressed shareholder concerns about its ambitious investment plans in four mega-projects on Wednesday saying it will match capital expenditures closely with cash flows and stagger the project pipeline.

Cecilia Jamasmie | May 2, 2012 | 2:14 pm

Malaysia rejects Lynas lawsuit against opponents of its rare earth project

The High Court of Malaysia today rejected Australian miner Lynas Corp’s (ASX:LYC) application for an injunction against pressure groups that oppose the company’s rare earth plant (LAMP), informs The Malaysian Insider.

Cecilia Jamasmie | May 2, 2012 | 1:20 pm

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