Nunavut board allowed mining exploration on Bathurst caribou calving grounds
This is the second company allowed to proceed on breeding grounds against the advice of N.W.T. government.
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KGHM, Sumitomo face fine, licence withdrawal over environmental breaches in Chile
The infractions include not implementing measures to control emissions, altering the natural habitat for native wildlife, and operating a tailings dam in an unauthorized fashion.
Blankenship may face $28 million fine for coal mine disaster
Donald Blankenship, the former CEO of now-defunct Massey Energy, is now facing a $28-million fine in addition to a year in jail for his role in the Upper Big Branch mine blast.
Indonesia could deplete coal reserves by 2033 – PwC
Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.
Chinese bank joins LBMA silver fix
In a sign of further influence in global financial markets, a major Chinese bank has been allowed into an elite club of bankers that sets the global price of silver.
Gold prices hit by profit taking, stronger dollar
Spot gold was last down $8.40 at $1,254.10 an ounce in New York, having hit a three-day low earlier in the session at $1,251.83 an ounce.
MMG swings to loss and books $784 million write down
The overseas unit of China’s largest state-owned copper and zinc producer is the latest victim of a sustained rout in metal prices.
World’s second-largest diamond to go under the hammer uncut
The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.
Slowing Chinese demand of coal to hurt Mongolia — BMI
The ramp up in Mongolian coal production will be faced with decreasing demand from China, the major importer of Mongolian coking coal.
