World’s richest woman proposes minimum wage reduction for envious and lazy

Mining tycoon Gina Rinehart has triggered a squall of controversy in Australia by issuing a call for the minimum wage to be reduced and accusing those jealous of her immense wealth of being lazy.

Marc Howe | August 30, 2012 | 3:27 am

Barrick Gold caught up in Canadian political controversy

Barrick Gold (NYSE:ABX) has found itself at the centre of a Canadian political controversy following its failure to properly report three separate lobbying discussions with Nigel Wright, Prime Minister Stephen Harper's chief of staff.

Marc Howe | August 30, 2012 | 1:58 am

Australia pushes for expansion into African mining

Australia's political and business leaders signaled their emphatic support for the country's increased involvement in the African mining sector at a conference in Perth on Thursday.

Marc Howe | August 30, 2012 | 1:21 am

Veteran miner slashes wrists to keep Italy’s last coal pit open

49-year old Sardinian miner Stefano Meletti slashed his wrists in front of television cameras on Wednesday to protest the planned closure of Italy's last coal pit.

Marc Howe | August 29, 2012 | 11:59 pm

EPA needs $635 million and 30 years to clean Silver Valley

Idaho's Silver Valley will need to pay $635 million under a new 30 year plan by the federal government to clean up over a century's worth of mining pollution in the region.

Marc Howe | August 29, 2012 | 7:04 am

Republican Party will ‘rein in EPA’ to pursue domestic energy independence

The Republican Party's 2012 Party Platform says it will 'rein in the EPA' in the pursuit of domestic energy independence and push for the development of coal, oil and natural gas reserves as well as nuclear energy.

Marc Howe | August 29, 2012 | 4:54 am

China slows overseas investments during leadership transition

MMG (HSX:1208) CEO Andrew Michelmore says China's leadership transition later this year could put the brakes on overseas investment due to impeded decision-making by China's policy-making elite.

Marc Howe | August 29, 2012 | 3:22 am

Silver junior Aurcana gains 12% on 50-fold rise in resource estimates

Shares in Canadian silver junior Aurcana (TSX:AUN) leapt 12% to CND$1.05 after the company announced a radically updated estimate for resources in its La Negra Mine in Mexico.

Marc Howe | August 29, 2012 | 2:02 am

Molycorp announces start of Californian rare earth operations

Molycorp Inc. (NYSE:MCP) has announced that its new Project Phoenix heavy rare earth concentrate facilities situated at Mountain Pass in California have […]

Marc Howe | August 29, 2012 | 1:47 am

Baja Mining stocks surge 77% on Korean consortium’s $90mln payment

Shares in Vancouver-based Baja Mining Corp. (TSX:BAJ) have surged following confirmation from the company that a Korean consortium has paid USD$90 million to become a 51% owner of Baja subsidiary Minera y Metalurgica del Boleo S.A. de .C.V. (MMB)

Marc Howe | August 29, 2012 | 1:25 am

Two men killed on Origin Energy offshore rig

Two men have died in an accident on an offshore gas rig operated by Origin Energy(ASX:ORG) in Australia's Bass Strait.

Marc Howe | August 28, 2012 | 5:07 am

Gold miners beleagured by ‘exponential’ increase in costs

Gold miners confront costs which are 'increasing exponentially' according to Silver Doctors, with some predicting that gold prices will need to rise to $3,000 within five years in order for companies to stay profitable.

Marc Howe | August 28, 2012 | 3:31 am

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