Almost 30,000 mining jobs and $9.5bn in investments at risk in Australia
Mostly affecting the country's coal sector, which lost over 1,000 jobs last week alone.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Winklevoss twins launch $20 million Bitcoin IPO
In a 74-page document filed Monday with the US Securities and Exchange Commission, the brothers say they will protect the virtual currency like gold bars —in vaults.
South Africa’s mining industry can’t afford wage talks failure: Chamber
If so they will end up destroying the country’s largest export industry as well as its credit rating, warned Tuesday the Chamber of Mines.
BHP Billiton to cut contractors at its iron ore operations
The world’s largest miner is fast-tracking the modernization of its Pilbara iron ore division.
Copper slump to cause Chile $4bn in lost revenue: authorities
Only in royalties Chile's state would lose $2 billion this year.
Anglo hires banks to sell up to 50% of Minas Rio iron ore
Goldman Sachs Group Inc., Morgan Stanley and UBS AG are said to be in charge of luring investors.
BHP’s cost cutting measures reach iron ore division
So far the world's largest mining company has not laid off anyone from its iron ore workforce.
PayPal launches interplanetary payment system
In partnership with two leading groups, the Search for Extraterrestrial Intelligence (SETI) Institute and the Space Tourism Society
Glencore Xstrata cuts coal production at Aussie mines, slashes 450 jobs
In total, over 1,000 coal jobs have been cut this week alone in Australia's mining sector.
Researchers make carbon wire that could replace copper
It is one-tenth the weight of copper, but stronger and much more flexible.
Kinross bets $3B on Chile gold district growth
Kinross advances one of Chile’s biggest proposed gold mines as Atacama cements its global mining hub role.