Yuan’s rise to historic highs could lend impetus to China’s overseas buying spree
The Chinese yuan hit historic highs against the US dollar on the inter-bank spot market on Monday, rising to RMB6.2371 per dollar […]
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Mining is a Magnet for Child Labour
As The Guardian reports, the UN has plans to eliminate child labour by 2020. A research shows that without further measures, there […]
Central bank gold is not in the vaults: Embry
Precious metals investment strategist John Embry says the physical gold in the vaults of central banks falls far short of what they […]
Big changes coming to PNG Sustainable Development Program if new government has its way
PNG Prime Minister: "I think BHP should take its leave at some stage. I'd rather it be sooner than later. BHP has to learn that it has to move on."
Heightened rates of mortality and disease afflict coal communities
A new report published in Australia has found that coal mining communities around the world suffer from elevated levels of death, disease and birth defects.
Number of High Risk Suppliers, Including Counterfeiters, Surges by More than 60 Percent from 2002 to 2011
Growing trend highlights the need for members of all tiers of the supply chain to implement tighter supplier-monitoring and procurement procedures
Chinese iron ore mining is already out of whack and now 500 million tonnes of new capacity is coming
In September Chinese mines already churned out a whopping 20% more ore compared to last year. There are also 66 new mines producing 490 million tonnes in development. That at a time when steel output is growing at 1.7%.
Xstrata shareholders caught in ‘prisoner’s dilemma’ Could Anglo or Vale free them?
Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside Glencore.
Anglo American Platinum offers bonus to bring back miners
South Africa’s Anglo American Platinum (Amplats), the world’s largest platinum producer, has offered to reinstate 12,000 miners fired in early October for illegally striking and pay them a $230) “hardship allowance” if they return to work by Tuesday morning.