Cecilia Jamasmie , Senior Editor

The opposition Democratic Party declared victory in yesterday’s parliamentary elections over Mongolia’s ruling party in a highly disputed election that focused on how to better share profits from a conflict-ridden mining industry.

Locals from the Bolivian Andean region have kidnapped two engineers of Canadian South American Silver and are demanding the immediate release of their leader.

Billionaire Arkady Gaydamak has lost a court bid to reclaim hundred of millions unpaid commissions and dividends from "king of diamonds" in a battle over Angolan assets.

Diamond mining company Rockwell Diamonds reported on Wednesday that its diamond sales for the first quarter of its 2013 financial year reached 6 234 ct and generated $5.9 million.

Shares of Centerra Gold fell 16% by midday after an announcement that one of its directors had quit.

Brazilian mining company Vale has been granted a preliminary environmental license for its S11D mine, an extension of the company's giant Carajas complex, which is posed to be the world’s largest iron ore mine.

Like most of Latin America, Guatemala is to increase control over natural resources, with President Otto Perez Molina proposing a Constitutional reform that will make possible for the for the government to acquire up to 40% of the mining and exploration companies operating in the country.

The West Australian Department of Mines and Petroleum is investigating evidence of asbestos contamination at Rio Tinto's West Angelas iron ore mine, in the Pilbara region.

Kyrgyzstan's parliament has approved a review to the operating license for Centerra Gold, which is developing a major gold mine that accounts for 12% of the Central Asian nation's economy, announced the company Wednesday.

Commodities trader Glencore International is studying modifications to its $26 billion bid for miner Xstrata after Qatar's sovereign wealth fund, a key shareholder, unexpectedly opposed the deal's terms.