Chinese thermal coal imports jump 30% to record high as Beijing ends domestic price caps
After a 32% decline in steam coal prices since January, things are looking up for 2013.
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South Africa won’t nationalize its mines, but taxes go up
After years of debate, South Africa’s ruling party African National Congress rejected Thursday plans to nationalize the country’s mining sector, but voted in favour of higher taxes in the world’s main producer of platinum and chrome.
Fracking activities polluted Alberta’s groundwater: ERCB
Leaked fluid from fracking activities polluted groundwater after a “serious” incident at a well site near Grande Prairie, a city in the northwestern part of the Canadian province of Alberta, in September 2011.
Disconnect between metal futures and physical is excessive — Maguire
Silver market trader and whistleblower Andrew Maguire told King World News the disconnect between gold and silver futures markets and the physical markets has reached an extreme rarely seen before.
Brazil doubles gold reserve to highest level in 12 years
Brazil increased gold reserves for a third month in November to double the country’s holdings since August, reaching levels not seen since November 2000.
Centerra Gold files new technical report for its Kumtor mine
Document was submitted a week after Canadian Centerra Gold (TSX:CG) rejected as “exaggerated” and “without foundation” a $152 million environmental damages claim from the Kyrgyzstan government.
Chinese withdraw from $3bn iron ore project in Western Australia
State-owned company to shut its Perth office and withdraw most of its staff
Resource nationalism assumes more insidious forms
Tactics shift from frank expropriation of assets to increased royalties and stricter procurement requirements
Chinese copper mine triggers nationwide protests led by Buddhist clergy
Brutal crackdown triggers hundreds of Buddhist-led rallies
