Diving Chinese demand hits Canadian iron ore market
Canada’s Labrador Iron Mines (TSX:LIM) said it had cut its capital expenditure (capex) budget as a result of iron-ore prices falling sharply during August.
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Agnico Eagle is spending $158 million on Mexican project
The company says it expects construction costs to be about $158 million for the project and that commercial production will begin in the second half of 2014.
Canadian Arctic mining boom draws in China-backed MMG
The new kid on Canadian Arctic block is announcing plans to build two mines in Nunavut in the next six years.
Gunmen ambush Filipino anti-mining tribal activist, kill 11-year-old son on way to school
Gunmen in the southern Philippines ambushed a tribal chieftain who was campaigning against mining and destruction of forests, killing his 11-year-old son in the latest of several attacks on environmental activists, human rights group Amnesty International said Wednesday.
Lynas OK to operate controversial rare earths plant in Malaysia
Malaysia's Atomic Energy Licensing Board granted a temporary licence for an initial two-year period under strict safety requirements.
Rinehart’s critique of Aussie economy triggers personal attacks
Gina Rinehart has raised the ire of the Australian public again with a ten minute Youtube speech on the shortcomings of the country's economy which has triggered ad hominem attacks from leading political figures.
Rick Rule says QE ‘counterfeiting’ is coming to the EU
Rick Rule of Sprott Asset Management says quantitative easing by the EU and US central banks is all but inevitable in the short term.
Republicans reviewed and rejected gold standard under Reagan
A senior Republican policy adviser writes that the GOP considered and rejected a return to a gold standard over three decades ago.
Four shot as South African mining strife spreads
Four protestors have been shot and hospitalized as a wave of deadly strikes afflicting South Africa's platinum and gold mining sectors continues to spread.