The recently-created Directorate for Mining Promotion and Sustainability will be in charge of identifying the regions with the mining highest potential.
Colombian President Juan Manuel Santos presented Friday a package of measures, including a proposed bill before congress, aimed to making illegal mining a crime punished by the country’s Penal Code.
Canadian miners Petaquilla Minerals Ltd. (TSX:PTQ) and Inmet Mining Corp. (TSX:IMN) have been on the news in recent weeks as the companies locked horns over land rights near the Cobre Panama copper project, run by Inmet’s subsidiary Minera Panama.
The international resource sector faces rough waters ahead according to an industry insider who has just completed a round-the-world tour of key mining regions.
South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.