The Democratic Party which campaigned on sharing more of the spoils of mining with Mongolian citizens won the majority of seats while the junior partner in the new ruling coalition, the MPRP – led by a former president Nambaryn Enkhbayar – bases its whole doctrine on taking back foreign-owned mines.
The World Bank Group accepted a complaint and will evaluate its investment in Eco Oro Mineral’s Angostura mining project, a proposed large-scale gold mine located in a fragile, high-altitude wetland called the Santurbán páramo, which provides water to over 2.2 million Colombians
Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.
Recent developments show that becoming rich by profiting of the minerals that asteroids, stars and unknown planets have to offer it is closer than ever. Before it is too late, check this infographic on how to profit in the new Space Age.
Zijin Mining Group (HK:2899), China’s largest gold producer, announced on Friday that its bid for Australia’s Norton Gold Fields Limited (ASX:NGF) had successfully obtained approval from Australian regulators.
One of the UK’s leading broadsheets has castigated the manipulation of gold prices by key market players, saying that the issue could explode into a bigger scandal than the Libor rate manipulation controversy.