Six percent can draw gold from the moon
Following many years of net annual sales in the 400 to 500 tonne range, central banks, underweighted in gold and overweight in dollars and euro’s, became net buyers of gold.
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Fortescue takes the Federal Government to court
Fortescue Metals has lodged a challenge in the High Court of Australia against the Federal Government's Minerals Resource Rent Tax on constitutional grounds.
Chile divided over lithium privatization
Chile’s government decision to privatize the country’s lithium, announced last week, has the country immersed in a heated debate over who has the right to exploit the vast reserves of the so called “white gold” mineral.
Peru tries solving Xstrata’s conflict to stop mining investments from falling
Peruvian authorities met Thursday with representatives of the town of Espinar in southern Peru, to resolve a conflict between the community and Xstrata’s Tintaya copper mine, which they accuse of polluting their land and water supplies.
Colombia goes ‘all in’ setting aside 17.6 million hectares for mining
The lands will be open for mining licenses, but a majority of them are in protected zones, so officials would have to carefully pick specific regions to auction.
Drug tests coming to the oil sands this fall
Despite misgivings by unions, random drug and alcohol testing for oil sands workers will get underway later this year. The Drug and Alcohol […]
Arch Coal lays off 750 workers due to ‘unprecedented downturn’
Arch Coal (NYSE:ACI), the second largest supplier of coal in the USA, is laying off 750 full-time workers at its Appalachia mining operations after owners said that demand had reached a 20-year low.
Aquarius Platinum puts Everest Mine on care and maintenance
Due to an platinum market that is an “abiding surplus”, the board at Aquarius Platinum (LON:AQP) placed its Everest mine on care […]
U.S. and Canadian mine CEO compensation 2011 to 2012
How much compensation does the executive of a Canadian mining company deserve? We cannot answer that question. We can only tell what they do earn.