Bad at saving? Zimbabwe had barely $217 in its bank account
Finance Minister, Tendai Biti, also said that diamond mining companies have not been paying revenues to the government.
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Canada pushed to defend lead in global mining business
Canada's mining industry needs to urgently deal with the emerging challenges, said a report published Wednesday the Canadian Chamber of Commerce.
Rio threatens to halt work at Oyu Tolgoi over Mongolia’s demands for bigger stake
The giant copper-gold mine is one of the richest prizes in mining and the Mongolian government has long coveted more of it.
Search for missing workers in Quebec quarry continues
The search for two workers missing after a landslide mid-morning yesterday at a quarry 50-kms north of Montreal was resumed Wednesday morning with no results so far.
Mining investment in Argentina grows 72% despite risky business climate
Foreign and local investors spent a total of $3.8 billion in 2012 and the trend is expected to continue this year, with planned investments already amounting to more than $4 billion.
Denmark to decide whether Greenland can start mining uranium
A majority in the Danish parliament is reportedly ready to allow the extraction and exports of the radioactive element from Greenland, which represents a historical shift in Danish foreign policy, after 30 years of opposition to nuclear power.
Mining magnate Rinehart bets on unconventional oil
She invested $6.6 million Tuesday in junior Lakes Oil, which is pursuing the potential for unconventional oil and gas in the state of Victoria.
Mining exploration applications plunge in Australia
Western Australia's Department of Mines and Petroleum says the number of people applying for mining exploration permits in the mineral-rich state has plunged
Interest rate hike could trigger global meltdown: Kaye
Renowned hedge fund manager William Kaye says the world faces the prospect of another financial crisis should interest rates be increased and debt burdens be rendered unserviceable.
