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

Stocks in Australia’s biggest mining companies rose Monday as the government’s plans for a new tax on their profits were thrown into doubt after the nation’s closest election in almost 50 years delivered no clear mandate.

Trading in the rest of the market was flat, however, and Australia’s chamber of commerce urged companies to continue investing despite what will likely be two or three weeks of uncertainty about who will govern the country for the coming three years.

The center-left Labor Party — which has ruled for the past three years and remains in...

State-owned Vietnam National Coal-Mineral Industries Group has sent a letter to the government reaffirming its proposal to raise coal prices after facing criticism from experts.

According to the coal monopoly, also known as Vinacomin, a price hike is necessary as production costs would surge this year due to deeper mining. Salaries and environment taxes would also increase, it said.