Families of miners killed at South Africa’s Marikana to sue police for millions
Each family is requesting around $2 million
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Rio to sell majority stake in Canada’s largest iron ore producer
Operation is estimated to fetch about $1.7 billion.
Glencore delays closing of Xstrata merger, faces claims of aiding Iran nuclear program
The world’s largest commodities trader said more details about the pending deal will be revealed on Tuesday. Meanwhile, it faces claims of supplying Iran with key ingredients for the manufacture of tubes used in uranium enrichment centrifuges.
Copper falls to three-month low over weak China industrial data
The commodity was down 2% at 7:50 a.m. E.T on Friday, which means the red metal price has already fallen 4.7% this year.
Fraser Institute ranks Finland and Sweden top mining destinations
Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.
Rio appoints former BHP executive as new finance director
Christopher Lynch takes over longstanding finance director Guy Elliott.
World’s first underwater nuclear explosion photos disclosed
The exercise, called “Operation Crossroads,” was conducted by the U.S. in 1946.
Brazil’s Vale reports first loss in a decade, takes $5.7bn write-down
It became the latest large miner to write down assets in the face of falling commodity prices.
New projects in Peru to add $3.6 billion to overall mining investment for 2013
The sector is expected to bring in $53 billion during the next decade.
Investors turn to Astrology to predict markets behaviour (for real)
The markets exhibit patterns that are as easy to track as the planets’ paths, says Malcolm Bucholtz, who trades in the financial markets using technical charts, esoteric mathematics and astrology.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
