Delaware court upholds $2bn Southern Copper judgment
Delaware's highest court has upheld a decision by a lower court to award $2 billion to Southern Copper Corp (NYSE:SCCO) following Southern's overpayment for Minera Mexico.
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China’s push for end to Aussie iron ore boom
Jeffrey Wilson of Murdoch University's Asia Research Centre examines China's pivotal role in the boom and possible bust of Australia's iron ore sector.
Nobody knows where the $334 million Zimbabwe sold in diamonds last year ended up
The boom in Zimbabwe ‘s diamond industry has not translated into improved living standards for ordinary citizens, as proceeds from gems’ sales benefit a few politically connected individuals and finance undercover security operations, AllAfrica.com reports.
VIDEO: Reasons the US needs a better mining permitting process
ermitting delays are hindering United States’ economic growth, says The National Mining Association (NMA), which estimates the nations sits on nearly $6.2 trillion worth of key undeveloped mineral resources, such as gold and copper.
Chinese acquired Canadian gold miner Inter-Citic for $252 million
Inter-Citic Minerals Inc. (TSX:ICI) stocks soared over a third Monday after the company revealed it was being acquired by a subsidiary of China-based Western Mining Group, in a deal that values the Canadian gold miner at $252 (Cd$250) million.
Nathan Tinkler loses $4.2 million a day on Whitehaven Coal: report
Australian electrician turned mining magnate Nathan Tinkler is reportedly losing $4.2 million a day on his stake in Whitehaven Coal (ASX:WHC), the country’s largest independent coal producer by market value.
Australian coal miner targeted for high metal levels in water streams
Higher than usual mercury levels discovered in water sources in Western Australia by Griffin Coal are prompting calls for an immediate Government investigation.
Split Coal India says government panel
A government board is suggesting to split India’s state-owned Coal India Ltd (NSE:COALINDIA), the world’s largest coal producer, or at least allow joint venture partners to foster competition in the sector.
Brazil halts ruling on use of mercury in gold mining
Brazil’s new regulations on gold mining in the Amazonas State that limit, but don’t outlaw the use of mercury, has scientists and activists up in arms.
