Mongolia legislates caps on foreign investment
Mongolia is capping foreign investment in certain industries, including mining, in an attempt to keep profits inside the mineral-rich nation's borders.
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Gold: A dead cat bouncing or last chance to buy before Grexit and QE in the EU send prices rocketing?
If the EU joins the US in flooding the market with cheap money it will be a massive boon for gold. It is worth remembering that before the Fed kicked off QE1 on 16 December 2008 an ounce of gold was changing hands for $837.
Expat execs in Africa: Without ‘danger pay’ how does the money stack up now?
Africa's economic indicators are all pointing up, but executive pay packages and living arrangements for expatriates are changing too.
Coal miners rally against Biden in Ohio
Vice President Joe Biden, campaigning in Ohio, got a frosty reception from a group of coal miners opposed to the Obama Administration's anti-coal stance.
Russian billionaire Prokhorov files for copper-nickel Toronto IPO
Move over Mark Zuckerberg. Russia’s Mikhail Prokhorov, who Forbes ranks as the 58th richest person globally, has filed a prospectus to list his Intergeo MMC in Toronto, announcing it the day before Facebook goes public.
Rio Tinto doubles mine trainees in Australia
Miner Rio Tinto has announced plans to double its mine trainee and apprenticeship programs to meet future demands in Australia, reports Australian Mining.
Fire near Arizona mining town nearly triples in size
Fueled by high winds, a wildfire that has prompted the evacuation of a historic mining town in northern Arizona nearly tripled in size.
Crated and buried Spitfires cause business split
Two business partners have fallen out over attempts to dig up about 60 pristine Spitfires that were put in storage and buried in Myanmar after World War II. Each is worth an estimated $2 million.
Man passes 1.7 carat diamond
A 52-year-old man detained in a dry cell at a police station in Windsor, Ont., while they wait for him to give up a $20,000 diamond, has finally passed the stone. He is accused of swallowing the diamond last week.
