MINING.COM Staff Writer

Posts by MINING.COM Staff Writer:

Zimbabwe could seize mines over local ownership

Reuters reports Zimbabwe could take over mines that fall short of laws requiring them to sell majority stakes to locals by September, a government minister said on Wednesday. Mineral-rich Zimbabwe has the world's second largest known platinum reserves after neighbouring South Africa and foreign miners working there include Zimplats Holdings, a unit of Impala Platinum, global mining giant Rio Tinto, and Anglo Platinum.

Stock Markets 101 for Mongolians ahead of coal mine IPO

A Reuters feature article on Wednesday tells how forced to sell his animals and flee his dried-up lands, former herder Sainbuyangiin Tsagaan-Ovgon is now hoping mining profits will let him return to his native Gobi. The 72-year old, who admits he knows nothing about stocks, will soon receive 536 shares in the Mongolian company that owns the world's largest coking coal deposit.
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Gold price steadies as inflation revives higher-rate bets

Gold prices consolidate near $4,700/oz as US consumption slows, aligning with market expectations.