Diving iron ore prices drag Aussie miners lower
A recent dive in iron ore prices spurred by China's slowing economy has dragged down the share prices of major Australian miners.
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Fortescue chief raises stake in company by AUD$39 million as iron ore prices plunge
The founder and chairman of Fortescue Metals Group (ASX:FMG) Andrew Forrest raised his stake in the company by AUD$39 million this week amidst declines in the prices of both Fortescue shares and iron ore.
Tibetan nomads clash with gold miners over sacred mountain
Tibetan nomads in China's vast inland province of Qinghai have clashed with Chinese gold miners in attempts to defend a mountain considered sacred by local religious beliefs.
Chinese firms invest in smelters as Indonesian ore export ban approaches
Chinese firms plan to invest up to AUD$8.6 billion in Indonesian smelters to mitigate the impact of a ban on unprocessed ore exports.
Mining Boom in Burkina Faso has Negative Effect on Education
The gold mining boom in the country has a negative impact on the school attendance of children from primary school to secondary […]
Macabre twist: Lonmin protesters who survived massacre face murder charges
Two weeks after South African police opened fire on a group of 3,000 workers and killed 34 people protesting at the platinum miner Lonmin's (LON:JSE) Marikana mine, prosecutors are bringing murder charges against a unexpected group of suspects: the miners themselves.
Conga remains key for Newmont
Newmont Mining's (NYSE:NEM) $4.8 billion copper-gold project in Cajamarca Peru remains as one of the company’s priorities, but further development will be done on a very measured basis, told MINING.com the company’s head of communications, Omar Jabara.
SGS announces Cochrane Lab is now in operation
SGS is pleased to announce that the new, fully equipped, commercial geochemistry laboratory in Cochrane, Ontario, Canada is now open and receiving samples.
Expectation over Friday’s Jackson Hole Fed speech puts bullion on hold
An awaited speech by Federal Reserve’s chairman Ben Bernanke at a central bankers' symposium in Jackson Hole, Wyoming, tomorrow, has investors wondering whether the institution will embark on another asset buying programme, known as quantitative easing.