Mongolia is capping foreign investment in certain industries, including mining, in an attempt to keep profits inside the mineral-rich nation's borders.
Vice President Joe Biden, campaigning in Ohio, got a frosty reception from a group of coal miners opposed to the Obama Administration's anti-coal stance.
Uranium Energy Corp. has acquired the rights to explore for uranium on the Channen Project, a 10,704-acre property located in southern Goliad County, Texas.
“Where the industry previously lacked investment opportunities and choice, it now has more projects than cash flows. All of us in the industry are having to make choices.”
Over the past decade, mining investment in Latin America has more than doubled, even after experiencing a sharp drop in 2009. According to a report by the Metals Economic Group, Latin America is now the primary destination for mining exploration investment in the world, with 25% of total investment going to Chile, Peru, Brazil, Colombia, Mexico and Argentina.
AREVA and Mitsubishi Corporation, through their respective subsidiaries Afmeco Mining and Exploration Pty Ltd (AFMEX) and Mitsubishi Development Pty Ltd (MDP), have decided to work together in a uranium exploration program in Australia.
Brazil's Eike Fuhrken Batista is the world of mining's richest man and he's been on a roll this year – until Tuesday when $1,023,200,000 disappeared from his personal fortune.