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.
To get a replacement tailing pond started for its mine, San Gold (TSE:SGR) clearcut a forest near the Wanipigow River, but the Manitoba branch of the Wilderness Committee accuses the company of taking down the trees before getting proper permission.
Asset manager at JPMorgan, Neil Gregson, says mining companies should pursue more takeovers as escalating costs prompt them to slow spending on expansions.
According to Kazakhstan's deputy central bank chairman, the central bank plans to boost the share of gold in its gold and foreign currency reserves to 20% from 14-15%
I must return to the topic of the Pebble Mine. What is happening there is so extreme and contentious that it is setting the pinnacle (and possible the standard) for debate about opening new mines in sensitive places.