Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’
The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.
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Pakistan wants Russia’s Help in Developing Vocational Training in the Mining Sector
As Daily Times reports, Pakistan expects Russia’s support and expertise for their coal projects. Besides vocational education training in the coal mining […]
Papua New Guinea won’t budge over Nautilus seabed mine. Shareholders abandon ship
Canada's embattled Nautilus Minerals dropped 11.5% on Wednesday after Papua New Guinea said it is within its rights to terminate a deal made last year for the development of the world's first commercial seabed mine.
China takes up India’s gold buying slack
A strong yuan and few other investment opportunities are prompting record gold buying in China just as India's appetite wanes due to a weakening currency.
Gold sinks below $1,600 after Fed disappoints
Traders were disappointed by the size of the asset purchase program that the Federal Reserve and its Chairman Ben Bernanke decided on, sending gold tumbling more than $25 by lunchtime to change hands at $1,598 an ounce. Earlier in the day the metal fell to $1,591.
Australian PanTerra Gold restarts operations at Las Lagunas gold and silver project
Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been resolved.
Baja Mining has 45 days to come up with money for Boleo
Besieged Baja Mining (TSX:BAJ) added another 14% on Wednesday following good gains the day before to trade at $0.205 after announcing it had negotiated a 45-day standstill agreement with lenders for its Boleo project.
When being the richest miner is not enough: become the largest holder of mineral rights in Brazil
The world’s richest mining entrepreneur and wealthiest man in Brazil, Eike Batista, is now also the largest holder of mineral rights in the South American iron ore-rich area of Mato Grosso do Sul, with 9,362.98 hectares under his control.
Brazil’s rejects iron tax but that isn’t the problem
Brazil's lower house mining and energy commission has rejected 10% export tax on all iron ore exported by local miners, but Standard & Poor warns permitting and infrastructure issues are threatening the country’ iron ore expansions.
