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Barrick seeking arbitration over rejected mining lease in Pakistan

Barrick Gold says it will fight for the right to develop a gold project in Pakistan after a provincial government rejected its lease application earlier this month. Canadian Press reports that Tethyan Copper, a partnership between Canada-based Barrick Gold (TSE:ABX) and Chile-based Antofagasta (LON:ANTO) has filed for international arbitration after the Balochistan government turned down its application without meeting with the companies.

Riding with The King: Iron ore junior hires Larry King as pitch man

It's not often that a junior mining company has star power in its corner. Black Iron (TSE:BKI) was busy fielding media calls Monday when the Toronto-based company announced it has retained celebrated CNN talk show host Larry King to help raise the profile of the company. Black Iron owns the Shymanivske project in Ukraine, an NI 43-101 compliant resource with 345 Mt measured and indicated resources grading 32% iron and 469 Mt of inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal's iron ore complex.

Chilean miners down tools at Collahuasi

For the third time this year, workers at the Collahuasi mine in Chile are on strike. The union representing the world's third largest copper mine is accusing management of reneging on agreements that ended a work stoppage in October, AFP reports. Production was paralyzed on July 30 and October 29 when workers downed tools. Collahuasi is owned by Switzerland’s Xstrata and Britain-based Anglo American. Reuters reports Collahuasi produced 504,000 tonnes of copper in 2010, when output was hit by a month-long strike. The mine expects to produce 500,000 tonnes of copper this year. It supplies roughly 3% of the world’s copper.

81% of native corp. opposed to Pebble Mine

The Pebble Mine copper-gold-moly project in Southwestern Alaska got hit with another negative poll last week. The Huffington Post reports that 81% of the roughly 2000 shareholders of the Bristol Bay Native Corporation — the regional Native corporation and largest private landholder in southwest Alaska — have rejected the mine on the basis that it will "unavoidably put at risk the 'fisheries and our Native way of life.'" The project is a partnership between Anglo American (LON:AAL) and Northern Dynasty Minerals (NYSEAMEX:NAK).

Sniffing economic winds, Vale cuts capex

Brazilian mining conglomerate Vale, the world's leading iron producer, reduced its spending budget by 11 percent for 2012 in the face of an uncertain outlook for the global economy and commodities prices. In a statement released today, the Rio de Janeiro-based company plans to invest $21.4 billion on mining projects next year after failing to meet spending targets in 2011.

Outgoing Chamber of Commerce Manager says Mount Isa needs a School of Mines

Australian Mining reports: Tricia O'Callahan, outgoing Mount Isa Chamber of Commerce manager, says the Mount Isa region needs a school of mines to ensure its future success.
O’Callaghan told The North West Star establishing the school would be another important step to solving skills shortages in the mining industry. She said Queensland’s mines were a good asset for the community and there were “buckets of money” available to drive cooperation between private companies and the Government.

Gowans calls on the Mining Industry to Keep Training Despite the Recession

MD for diamond company Debswana, Jim Gowans, urges the mining industry to keep upskilling its workforce to be ready for the resurgence in the market after the recession ends, reports Sunday Standard.
Speaking during a Chamber of Mines dinner that was hosted by African Copper in Francistown last week, he said that despite the predicted double dip recession, skills must always be developed and be available when the recession has passed. “When the industry is back to full production capacity, so should the skills be available to match this,” he said.

Indian consortium and Canadian firm awarded big Afghan iron ore contract

A group of Indian companies and Canada's Kilo Goldmines Ltd. (CVE:KGL) have been awarded the contract to mine the Hajigak iron ore deposit in Afghanistan. MINING.com reported Nov. 19 that Indian firms were leading the chase for the huge iron ore property, which is being touted by the Afghans as the world’s largest iron ore deposit at 1.8 billion tonnes. The deposit extends over 32 kilometres and covers 16 separate zones. Bloomberg reports that President Hamid Karzai and his government awarded three of the four Hajigak blocks to seven Indian companies, led by state-owned Steel Authority of India Ltd. and NMDC Ltd., that were bidding with support from the Indian government. The fourth block was awarded to Kilo Goldmines, which is described on its website as a gold exploration and development company that is actively drilling several past-producing mines in the Democratic Republic of Congo (DRC).