Photos: Iran coal miners toiling for $15 a day
The miners work at a depth of 300 meters in two shifts of 6 hours per day and are hired on a contract basis for 400,000 tomans (about $200) per month
Latest Stories
AngloGold Ashanti wants to buy more small miners
AngloGold’s completion of five small, but high-value-yielding acquisitions over the past four years was expected to add about 700 000 oz/y to its production profile at about two-thirds of the cost its competitors would pay to build new assets.
Why junior gold stocks are still the place to be: Edward Karr
Edward Karr, CEO of Geneva-based RAMPartners, favors a disciplined, patient and steady approach to investing in junior gold mining companies.
Augusta Resources off to the races after environment permit granted for massive Tucson copper mine
Augusta Resource jumped more than 10% on Monday after announcing it has received an air quality permit for its Rosemont mine in Arizona which could by itself account for about 10% of annual US copper output once in production in 2015.
No project delays and capex freezes here: China’s biggest gold miner is growing at 60%
China's number one gold producer said Monday first-half revenues surged 61.4% to $7.8 billion compared to 2011 and should exceed $15.5 billion for the full year.
Fatal clash over $80 a month mining wage strains Zambia China relations
A Chinese supervisor died on Saturday after being hit by a trolley pushed at him at the Collum mine in Zambia during a dispute over minimum wages.
After burning fingers in Congo, First Quantum is going big in Zambia
The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.
Yucca Mountain court case on hold
US appeal court judges have ruled that a case seeking a resumption of licensing work for a nuclear waste repository at Yucca Mountain will be put on hold, despite agreeing that the Nuclear Regulatory Commission cannot legally give up work on the application.
Pimco’s Bill Gross is all wet: equities work
The cult of equities is not dead, according to Michael Jones, chairman and chief investment officer at Riverfront Investment Group.
