Cecilia Jamasmie , Editor-in-Chief

Zimbabwe ‘owns’ majority of all foreign mining companies

Zimbabwe's Black Empowerment Minister, Saviour Kasukuwere, announced today it has taken majority ownership of foreign-owned mining firms, which had not already given a controlling stake to black Zimbabweans.

Cecilia Jamasmie | April 5, 2012 | 3:53 pm

Lake Shore Gold resumes operations at Timmins and announces 1Q results

Canadian Lake Shore Gold (TSX:LSG) announced it has resumed operations at its Timmins West Mine in Ontario, where a worker died on Tuesday, and reported a fall in its quarterly production.

Cecilia Jamasmie | April 5, 2012 | 3:04 pm

Too much of a good thing?

A recent study published by Canberra-based think tank The Australia Institute calls for a slowdown in mining investment.

Cecilia Jamasmie | April 5, 2012 | 2:30 pm

Lynas rare earths plant in Malaysia gets momentary red light

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.

Cecilia Jamasmie | April 5, 2012 | 1:37 pm

Lack of mining law costs Honduras US$3 billion

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.

Cecilia Jamasmie | April 4, 2012 | 4:12 pm

‘King of mining’ to appeal charge of market abuse

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.

Cecilia Jamasmie | April 4, 2012 | 3:37 pm

Doe Run submits new proposal to Peru’s Government to restart operations at La Oroya

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.

Cecilia Jamasmie | April 4, 2012 | 2:42 pm

U.S. mining regulator tightens coal mines safety rules

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.

Cecilia Jamasmie | April 4, 2012 | 1:19 pm

BHP Australia coal mines vote to continue strike

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.

Cecilia Jamasmie | April 4, 2012 | 12:38 pm

Royal Bank of Canada sued for ‘wash trading’

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.

Cecilia Jamasmie | April 3, 2012 | 2:49 pm

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