Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.
Argentina's mining exports have virtually ground to a halt and companies are stockpiling gold, copper and other minerals due to foreign exchange rules that are impossible to comply with, a top industry executive said Tuesday.
We continue to collaborate closely with our suppliers and advisers, the regulatory authorities of the Government of Andalucía and the project financiers with a view to triggering the Rio Tinto Copper Mine by the end of 2012.
There are better days waiting ahead for copper and nickel in the field of electronics with the new invention of copper-nickel nanowires, which will be a perfect choice for printed electronics, developed by researchers in Duke University.
CBC reports that Canadian Zinc (TSE:CZN) has passed another milestone in getting its zinc-silver-lead-copper Prairie Creek Mine up and running with an OK from John Duncan, the minister of Aboriginal Affairs and Northern Development.
The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.
The Spanish bailout is now being called 'voodoo economics' while EU finance officials are at the point of discussing limiting ATM withdrawals and doing border checks if and when Athens drops the euro.