Bolivia won’t pay Glencore for taking its mine
Bolivia’s leftist government announced it won’t pay any financial compensation to Swiss miner Glencore after yesterday’s decision to take over its Colquiri tin and zinc mine.
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China has ‘paid a big price’ for its rare earth industry: government
China is restricting the export of rare earths to protect its environment, said Su Bo, vice-minister of industry and information technology at a news conference in Beijing on Wednesday.
PHOTOS: Rioting Spanish coal miners fire homemade rockets
With subsidies to Spain's coal industry about to be yanked, striking workers are ratcheting up the pressure on the government and clashing violently with police.
Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’
The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.
Pakistan wants Russia’s Help in Developing Vocational Training in the Mining Sector
As Daily Times reports, Pakistan expects Russia’s support and expertise for their coal projects. Besides vocational education training in the coal mining […]
Papua New Guinea won’t budge over Nautilus seabed mine. Shareholders abandon ship
Canada's embattled Nautilus Minerals dropped 11.5% on Wednesday after Papua New Guinea said it is within its rights to terminate a deal made last year for the development of the world's first commercial seabed mine.
China takes up India’s gold buying slack
A strong yuan and few other investment opportunities are prompting record gold buying in China just as India's appetite wanes due to a weakening currency.
Gold sinks below $1,600 after Fed disappoints
Traders were disappointed by the size of the asset purchase program that the Federal Reserve and its Chairman Ben Bernanke decided on, sending gold tumbling more than $25 by lunchtime to change hands at $1,598 an ounce. Earlier in the day the metal fell to $1,591.
Australian PanTerra Gold restarts operations at Las Lagunas gold and silver project
Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been resolved.
