Sierra Leone diamond firm eyes IPO
Could Sierra Leone, the African nation whose decade-long civil war funded by booty from diamond mines bore the term "blood diamonds," be going legit. when it comes to the mining of diamonds?
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Valemax No. 8 has not even loaded its first ore and it’s already worth 36% less than it cost
According to website VesselsValue.com the latest Valemax is worth 36% less than the $107 million the Brazilian iron ore titan paid for it last year because of a "slump in values of dry-bulk ships that were ordered before returns plunged."
Miner union chief: EPA killing us like Navy SEALs kill terrorists
Chalk up another fracture in the Big Labor-environmentalist alliance: United Mine Workers President Cecil Roberts unloaded on the Environmental Protection Agency in a radio interview Tuesday.
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.
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.