Gold exploration budget hit all-time high in 2012, but future doesn’t look rosy
Only half the total resources discovered since 1990 has been converted into reserves or put into production to date.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Russian Alrosa’s net profit almost doubled in Q2
It reached almost 9 billion roubles ($257 million), up from 3.5 billion for the same period last year.
Chileans sue Swedish mining firm for $13.9 million
A group of 707 Chileans is seeking compensation for health problems allegedly caused by Boliden's toxic waste dumped near their homes in the eighties.
Former Rio Tinto CEO Tom Albanese joins rival Vedanta
The news comes only nine months after Albanese was removed as CEO of the second-biggest miner and left the group with a $14billion charge.
Anglo American abandons Alaskan copper project Pebble
Partner in the open-pit gold and copper project, Northern Dynasty Minerals, was quick to clarify it will still go ahead with it.
Japan redoubles efforts to control leaks at Fukushima
The situation at Japan’s Fukushima nuclear plant is far from being “under control,” said a senior official from plant operator Tokyo Electric Power Co.
Devastating cost of illegal mining in Peru higher than ever thought: government
About 40,000 hectares of Amazonic forest, not 18,000 as the government thought, has been destroyed by illegal mining in Peru.
Glencore Xstrata to pursue $3bn iron ore project in Congo
The world-class deposit has proven reserves of 2.5 billion tonnes at 34% iron.
Obama’s ‘all-out-war’ on coal hits China
China yesterday and the US next week, both banning construction of new coal-fired power plants.
Good-bye Bernanke, hello Summers?
President Obama has reportedly made his choice for the next Federal Reserve's chairman.
Friedland backs Trump’s copper tariff as wake-up call
Friedland commended Trump for doing what’s "obvious" and "intelligent", as the US needs to produce the metal.