School instead of Work – India finally bans Child Labour
The Times of India reports that India’s Cabinet finally prohibited the employment of children under 14. Furthermore, children in the age between […]
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Land fight forces Newcrest to shut Lihir gold mine
Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from a local landowners’ group keep escalating.
Eco Oro shares plunge on Colombian mining agency ruling
Shares of Eco Oro Minerals Corp. (TSX:EOM) plunged over 50% on Tuesday to $94 cents in early trade after Colombia’s national mining agency scrapped most of its concession on environmental grounds.
Chavez told to ‘forget oil’ and boost the country’s gold industry
The president of Venezuela's national mining chamber (Camiven), Luis Rojas, called the country leader Hugo Chavez to boost the local gold industry, as bullion production levels are close to historic lows.
Perseus Mining reports maiden profit of $52.5 million
Gold miner Perseus Mining (ASX & TSX:PRU) reported Tuesday a maiden profit of A$52.4-million for the 12 months ended June, after the company reported its first half year of commercial production.
S. Africa gold mining shares knocked by wage hike demands
South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until the middle of next year, the country's chamber of mines said.
Paragon Diamond gets $10 million to finish its Lesotho mine
Paragon Diamonds (LON:PRG) has signed a financing agreement for its Motete Dyke project in Lesotho, paving the way for production to start in 2013.
Forest fire forces Atlanta Gold to halt work at Idaho project
Canadian junior Atlanta Gold (TSX:AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue court-ordered remediation work to the water treatment facility until mid-October.
Italian coal miners barricaded in mine, armed with explosives
About 100 coal miners are barricaded inside an underground mine in Sardinia, Italy, and have armed themselves with explosives to prevent the mine's closure.
