The world’s second largest gold producer, Newmont Mining Corp (NYSE:NEM), will pay more than $2 billion in taxes over the life of its proposed Conga mine in Peru after violent protests by residents and local politicians in the Cajamarca region suspended operations in November.
5. Company Description and Investments Rio Tinto is an Australian diversified mining giant engaged in the exploration, development, production and processing of minerals with product groups aluminum, copper, diamonds and minerals, energy, and iron ore.
The copper market has been plagued with labour disputes for years, however, this year, strikes have been especially prevalent with workers believing that they are entitled to larger pay cheques and benefits.
As demand for renewable energy sources grows, so will the need to store that energy. Because both wind and solar power do not provide a consistent flow of electricity, technology like the vanadium redox battery (VRB) is gaining the attention of commercial operations as well as governments, projecting a push in future demand for the mineral.
Newmont (NEM), the U.S. mining group, is under investigation in Jakarta, where antigraft authorities said they are reviewing claims the group may have breached rules on the foreign ownership of mining assets.
NEW YORK (TheStreet) -- International Coal Group (NYSE:ICO) hit a new 52-week high Thursday as it is currently trading at $14.52, above its previous 52-week high of $14.51 with 6.9 million shares traded as of 1:21 p.m. ET. Average volume has been 13