Half-billion South African platinum mine gets green light
The South African government has ok'd a $443-million platinum mine located north of Rustenburg.
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‘Shocking’ trade numbers have some Australians calling the end of the mining boom
The commodity price cycle peaked in the third quarter of last year.
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?
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.
