A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.
BHP Billiton (ASX, NYSE:BHP) has reportedly chosen mining venture B&A Mineração as the preferred bidder for its Mount Nimba iron ore mine, one of the largest deposits of the mineral in Guinea.
Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies joining a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo.
Brazilian miner Vale SA (NYSE:VALE) said Wednesday its fourth-quarter results would suffer after the company decided to settle a case of alleged tax evasion with Swiss authorities.
HD Mining, the Vancouver-based company that in early October sparked controversy and legal actions with its plan to bring up to 2,000 Chinese miners for its proposed $300 million coal mine, won’t replace all of its foreign workers by Canadians at least until 2026.
Shares in DiamondCorp (LON:DCP) climbed 13% after the company announced it has put in place what it called “the final piece in the funding jigsaw” for its Lace Mine in South Africa.
Sprott Asset Management's chief investment strategist, John Embry, said Tuesday that with China's silver demand rising sharply and money printing to infinity being Western central bank policy, silver's price remains ridiculously low on account of paper market games.
Coal is likely to overtake oil as the world's main source of energy in the next five years, with potentially devastating effects in the environment, says the International Energy Agency (IEA).
