South Africa mines minister delays finalisation of draft mining charter

The underground mine is expected to be in operation for 40 years producing up to 11 million tonnes per year of thermal coal.

Oyu Tolgoi Chairman: I have seen excitement about Mongolia reach fever pitch and drop off a cliff multiple times.

Australian miners are cutting back on large capex projects and taking a sledgehammer to costs.

Miner called shareholders to approve the long-sought separation on December 4.

Overall, their performance has fallen 50% in the past 12 months.

"If BHP continues with its plans for open cut mines, it will be a disaster for the local people, and it will be a disaster for these fragile ecosystems."

Brazil's ruling socialist government casts aside its former "pet entrepreneur".

Exploration companies operating in the Asian nation have become collateral damage in a criminal case involving former senior government employees at Mongolia's mining regulator.

Thanks to an unexpected price increase for the steel-making material.