African Barrick Gold to pay more royalties to Tanzania
African Barrick Gold (LON:ABG) has decided to pay the Tanzanian government an extra 1% in royalties, in light of the current gold price environment.
Cecilia Jamasmie , Editor-in-Chief
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Feminist group crashes mining meeting in Australia
A group of bearded women belonging to the feminist group La Barbe, crashed last night's Melbourne Mining Club meeting to congratulate the mining industry for its exclusion of women and its lobbying against the carbon tax.
Zimbabwe Government: No going back on mining fees
The government of Zimbabwe said the new mining licence fees gazetted in January will not be reversed despite calls by the mining industry for the levies to be reduced.
Renowned diamonds add sparkle to Queen’s jubilee celebrations
Photographers were allowed to look today at some of the most famous diamonds in the world to go on public display at the end of June, as part of the Queen's Diamond Jubilee celebrations.
BHP Billiton puts its money on the iron ore market and China
BHP Billiton Ltd. (NYSE:BHP) is betting on the iron ore market as one of the forces to drive the mining industry in the next decade, especially as developing nations such as China move from investment-led economic growth to consumption-led economic growth.
Sinopec to tap into shale gas market and rescue China from growing gas shortfall
Sinopec Group, China’s second biggest oil and gas producer, announced it has launched its first shale gas project, expecting to produce 300 to 500 million cubic metres a year by the end of 2012, said the conglomerate on Tuesday.
Fifth largest coal deposit in the world found in Colombia
Brazilian tycoon Eike Batista just got richer. CCX, a division of the billionaire’s EBX Group energy arm MPX, announced it has completed a study of coal reserves in the San Juan underground mines in Colombia, discovering a 672 million tons reserve, the fifth largest coal deposit in the world.
Coal industry jeopardizing humpback whales in Australia
Humpback whales may be the main victims of Australia's thriving coal industry, according to a study published on the May issue of the Marine Ecology Progress Series journal.
Canadian Cameco to buy German nuclear fuel company Nukem for $136 million
Canadian company Cameco, the world's largest uranium miner, has signed a deal to buy Nukem Energy, a German company that trades nuclear fuel products and services, for $136 million in cash plus debt.
Anglo Asian gets the green light to build second gold mine in Azerbaijan
Anglo Asian (LON:AAZ) shares were up 3% to 35 pence this morning on news that the government of Azerbaijan has approved the development of the group's second gold mine in the country, Gosha.
Zanaga Iron lines up $25M in deal with Red Arc
Binding term sheet offers staged funding, a path to majority control of the Zanaga project in DRC, and a 1% royalty.
