Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to the science, technology and innovation minister has been completed.
Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.
Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with Billiton, is fighting to save his reputation.
Peru's Minister of Energy and Mines Jorge Merino Tafur said the government is working hard on creating social programs for the communities and towns of La Oroya, which has been severely affected by the closure of Doe Run’s metallurgical complex three years ago.
As families and friends of dead miners mark the second anniversary of the Upper Big Branch Mine disaster in West Virginia on April 5, the U.S. Mine Safety and Health Administration announced it would issue its final set of rules for inspecting underground coal mines on Friday.
Australian coal mines owned by BHP Billiton (ASX:BHP) and Mitsubishi Development Pty Ltd (TYO:8058) in the Bowen Basin area voted to resume their strike, momentarily stopped this morning, right after Easter.
The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Canada's Royal Bank (TSX:RY) yesterday, saying it engaged in hundreds of millions of dollars in sham futures trades to reap tax benefits on its holdings of company stocks.
Operations at Barrick's Porgera open pit gold mine, in Papua New Guinea, resumed this morning after the government decided to send troops to the site last week, under a troop call-out order from 2009 still in effect.
London-listed African Barrick Gold (LON:ABG) reported increasing confidence in its Nyanzaga project, in Tanzania and said that the project has the potential to become its next mine in the country.
