Cecilia Jamasmie , Editor-in-Chief

Harmony Gold’s workers mining their own business: company to give them 2,9% ownership

Over 33,000 workers of Harmony Gold Mining (NYSE:HMY), South Africa's third-biggest gold producer, will be owners of direct shares in the company thanks to its employee share ownership plan (ESOP), announced CEO Graham Briggs today.

Cecilia Jamasmie | March 15, 2012 | 12:38 pm

Impala Platinum transferring 51% of mine stake to Zimbabwe’s government called ‘naive and irresponsible’

South Africa's Impala Platinum Holdings (Implats), the world’s second-largest platinum producer by volume, has agreed to transfer 51% of Zimplats, its subsidiary in Zimbabwe, after long-drawn-out negotiations with the government of that country.

Cecilia Jamasmie | March 14, 2012 | 3:59 pm

Japan buys US$435m Xstrata’s stake in Canadian coal operations

Japanese JX Nippon Oil & Energy acquired a 25% of diversified miner Xstrata Coal operations in Western Canada for US$435 million, creating a joint venture that will build the business and market coal in Japan.

Cecilia Jamasmie | March 14, 2012 | 1:59 pm

U.S., Japan and the E.U. dispute China’s decision on rare earths at the WTO

The U.S., Japan and the European Union have filed an official complaint at the World Trade Organization this morning, urging the body to take actions against China’s restrictions on these metals. President Obama warned China that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."

Cecilia Jamasmie | March 13, 2012 | 2:31 pm

Chile’s Antofagasta shares dive despite record profit in 2011

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down 3.1% this morning after the company disappointed market hopes for a whopping special dividend and announced instead a cut on dividends and an increased spending on growth projects.

Cecilia Jamasmie | March 13, 2012 | 1:10 pm

Fracking “probable cause” of Ohio earthquakes in 2011

Several small earthquakes that affected the northwest region of the United States during 2011 were probably caused by hydraulic fracturing or "fracking,” concludes the latest report by the Ohio Department of Natural Resources (ODNR), which regulates the oil and gas industry in the country.

Cecilia Jamasmie | March 12, 2012 | 6:30 pm

Peru mining investments reached US$7.2 billion in 2011, 77% more than in 2010

Mining companies in Peru invested US$7.2 billion in 2011, 77% more than in 2010, Mines and Energy Ministry (MEM) reports.

Cecilia Jamasmie | March 12, 2012 | 4:58 pm

Canada’s Gabriel Resources under fire in Romania

Canada’s Gabriel Resources Ltd. (TSX:GBU) became the centre of attention this morning as an important figure of Romania's 1989 revolution, MEP Laszlo Tokes, left his party on Monday over Rosia Montana, a debated gold mine project in north-western Romania.

Cecilia Jamasmie | March 12, 2012 | 3:13 pm

Botswana’s government to trade diamonds

The government of Botswana has established a new diamond trading company that will be responsible for the purchasing, selling and marketing of the state’s portion of Debswana Diamond’s production.

Cecilia Jamasmie | March 12, 2012 | 2:19 pm

Inuit government officially ends 3-year uranium mining moratorium in Canada’s Labrador

The Nunatsiavut Government of Labrador, a regional Inuit government formed in 2005, has officially lifted a three-year-old moratorium on uranium mining on Inuit lands, by enacting its Environmental Protection Act and an amendment to the Labrador Inuit Lands Act, said the body.

Cecilia Jamasmie | March 12, 2012 | 2:06 pm

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