Shanta Gold seeking $35m for added capex
Tanzania-focused Shanta Gold is planning to raise $35 million to be put towards its New Luika Gold Mine.
Latest Stories
Precious metals investors taking big knocks adjusting to life without QE3
Gold dropped more than $57 or 3.4% an ounce in early afternoon trade while ever volatile silver tanked more than 6%. Platinum crashed through the $1,600 an ounce level and palladium fell almost 4%.
Indonesia’s proposed export tax has Indian power companies scrambling
Indonesia's proposed tax on mining exports is having a ripple effect on Indian power companies that buy fuel for coal-fired power plants.
Lack of mining law costs Honduras US$3 billion
Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.
‘King of mining’ to appeal charge of market abuse
Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with Billiton, is fighting to save his reputation.
Doe Run submits new proposal to Peru’s Government to restart operations at La Oroya
Peru's Minister of Energy and Mines Jorge Merino Tafur said the government is working hard on creating social programs for the communities and towns of La Oroya, which has been severely affected by the closure of Doe Run’s metallurgical complex three years ago.
U.S. mining regulator tightens coal mines safety rules
As families and friends of dead miners mark the second anniversary of the Upper Big Branch Mine disaster in West Virginia on April 5, the U.S. Mine Safety and Health Administration announced it would issue its final set of rules for inspecting underground coal mines on Friday.
BHP Australia coal mines vote to continue strike
Australian coal mines owned by BHP Billiton (ASX:BHP) and Mitsubishi Development Pty Ltd (TYO:8058) in the Bowen Basin area voted to resume their strike, momentarily stopped this morning, right after Easter.
Black lung payouts expanded under little known Obamacare section
While speculation about the Supreme Court's upcoming ruling on the Affordable Care Act has been getting all the attention, there is a little known provision in the law that reinstates an old protection, an expansion of benefits for victims of black lung.
