Indonesia threatens ‘harsh measures’ against miners who dismiss workers
Hong Kong-listed G-Resources, said it would dismiss 300 workers from its gold mine in Indonesia where work has stopped over an environmental dispute.
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Kumba Iron declares force majeure in South Africa
The 40 million tonnes a year Sishen mine only has enough stockpiles for a week.
Ruling party aligned union losing grip on South Africa mining
NUM's diminishing influence – blamed in part on its political affiliations and its perceived closeness to big business – is most striking at Impala Platinum's Rustenberg mine where its enrollment has dropped to 13% from 70% before.
Want cheap oil? Look no further than Canada
The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.
Aquarius Platinum dives upon CEO’s sudden departure
Shares in Aquarius Platinum have plunged in the wake of the sudden departure of its CEO Stuart Murray.
China to convert coal into gas for urban energy needs
China has unveiled ambitious plans for the conversion of coal extracted in remote mining regions into gas for usage in urban areas.
Arrium spurned billion dollar bid on expectations of iron ore rebound
Aussie iron ore miner and steelmaker Arrium (ASX:ARI) has stated publicly that it spurned a $1 billion takeover bid from a Korean consortium due to expectations of a rebound in iron ore prices.
Malaysia mounts raids on gold swindlers
The Malaysian authorities have intensified a crackdown against fraudulent gold traders with raids against several companies last week.
Gold set to bounce back on Spanish bailout and Chinese traders back from vacation
Despite an abrupt decline in the wake of an upbeat US employment report, gold is likely to regain losses on several factors which should strongly favor the precious metal.
