45,000 deaths each month
Geologists believe that asteroids hold iron ore, nickel and precious metals at much higher concentrations than those found on Earth.
Monthly production falls to almost 100 tonnes below Glencore rate before expropriation.
Copper and tin are likely to be the biggest near-term beneficiaries of improved apparent demand through the first half of 2013, with supply availability still limited, Macquarie said in a research note Friday.
Platinum will be depleted in 20 to 30 years.
Tin mining is a profitable but damaging trade that has scarred the Indonesian island of Bangka, a granite outcrop just east of Sumatra, reports English newspaper The Guardian.
The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank and the IMF, said a source from the country’s ministry of mines.
The rival groups of Bolivian miners fighting over control of the Andean silver, tin and zinc Colquiri mine, reached an agreement over the weekend that was qualified as “historic” by Government Minister Carlos Romero.
Violent clashes between vying factions of miners from Bolivia's second largest tin mine have left one person dead and nine injured.
Three managers from Bolivia's state-owned mining company were taken hostage by residents of a village in the region of Potusi, who are demanding a 15% stake in the region's silver mine part-owned and operated by Glencore.
Over $1 million has lost Bolivia so far due to the conflict over rights at the silver, tin and zinc mine that used to belong to commodity trader Glencore (LON:GLEN), but that President Evo Morales nationalized last June.
BusinessWeek profile the horrific conditions in Indonesian tin mines, where largely destitute miners extract ore with shovels and picks.
LME's warehousing operations "have been dogged by controversy since big banks and trading houses including Goldman Sachs and JP Morgan Chase bought warehousing operations."
The US Securities and Exchange Commission will vote in August on controversial rules requiring extensive reporting from companies using ‘conflict minerals’ in the Democratic Republic of Congo.
Bolivia’s leftist government announced it won’t pay any financial compensation to Swiss miner Glencore after yesterday’s decision to take over its Colquiri tin and zinc mine.
It is believed that the violence resulted from Glencore workers trying to forcefully take back control from a rival Bolivian state-based company.
American based sanctions removed, over $2 billion invested and host to the South Asian Games.
Renewed fighting in the Democratic Republic of Congo will halt the export of so-called conflict-free minerals from the country's eastern provinces, according to Bloomberg:
The Australian reports on a potential clash of visions in the Tasmanian rainforest, where 10 new mines are proposed and 58 exploration licences active.
CST Mining is selling its 70% stake in the Mina Justa copper project in Peru for US$505 million.
When we think of tin, we tend to think of tin cans — of course, comparatively only a tiny amount of tin goes into the packaging industry nowadays.
STAND by for a re-ranking of Australia's tin hopefuls. Peruvian mining giant Minsur recently put together a list of the world's top tin resources, China being No 1 with 60 per cent of the known tin.
Global companies led by Vale SA (VALE5) and Newmont Mining Corp. (NEM) plan to invest in Indonesia’s mines, undeterred by a new rule cutting foreign ownership, as they hunt for resources in the world’s biggest exporter of tin and thermal coal.
Indonesia surprised the global mining community last week after a new rule – Government Regulation No. 24 of 2012 – was quietly announced on the mining ministry's website. A growing list of nations – and not just radical fringe territories such as Zimbabwe or Venezuela – are pushing for greater control and ownership of the resource sector on top of higher taxes and royalties.
Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.
Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.
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