MINING.COM

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.

Cecilia Jamasmie | August 27, 2012 | 7:17 pm

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.

Cecilia Jamasmie | August 27, 2012 | 6:07 pm

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.

Cecilia Jamasmie | August 27, 2012 | 5:54 pm

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.

Cecilia Jamasmie | August 27, 2012 | 5:23 pm

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.

Cecilia Jamasmie | August 27, 2012 | 4:51 pm

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.

MINING.COM Staff Writer | August 27, 2012 | 4:24 pm

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.

Cecilia Jamasmie | August 27, 2012 | 3:54 pm

To return, or not to return to the Gold Standard: that is the US question

After a 32-year hiatus, the U.S. Republicans are calling for a commission to look at the possible return of the gold standard, but experts say the idea is as simple as it is wrong.

Cecilia Jamasmie | August 27, 2012 | 2:45 pm

India takes its coal mines back

India’s Prime Minister Manmohan Singh said Monday the government has already initiated the process of cancelling mines to companies that failed to develop them.

Cecilia Jamasmie | August 27, 2012 | 1:49 pm

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