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Foreign investors spooked? India urged to clarify mining position in wake of iron ore scandal

Sunday's resignation of a state-level Indian politician brought down by a fraud scandal related to iron ore exports is likely to shake the confidence of foreign investors in Canada, says a top Indo-Canadian banker. Hari Panday, founder of the ICICI Bank in Canada, urged the Indian government to explain its mining policies to Canada — the "mining guru of world" — as well as to important mining jurisdictions Australia and South Africa.

Let’s get political: Olivia Newton-John raises alarm over fracking near Byron Bay

A grassroots movement opposed to coal-seam gas (CSG) mining got a boost of star power on Saturday, when 70s pop singer Olivia Newton-John panned the controversial practice. The Australian singer, who starred alongside John Travolta in the hit movie-musical Grease, launched a scathing attack on the mining industry after learning several sites near her luxury Byron Bay resort were under threat, The Sunday Telegraph reported. In an open letter to Australians warning about the health effects of hydraulic fracturing, or fracking, Newton-John says she is "horrified to learn of the extensive plans for coal-seam gas and shale gas exploration in Australia." Image of Olivia Newton-John is from Wikimedia, by gdcgraphics.

AFP: Scandal-tained Indian chief minister quits

The chief minister of a southern Indian state who is accused of being at the centre of a $3.6 billion mining fraud resigned on Sunday, AFP reported. B.S. Yeddyurappa, 68, head of the Hindu nationalist Bharatiya Janata Party government in Karnataka, was named earlier this month in a report into corrupt mining practices by the Karnataka state ombudsman. The minister was accused of enabling illicit iron ore mining.

NovaGold pegs Galore Creek capex at $5.2 billion

Putting Galore Creek into production would cost a whopping $5.2 billion in capex, NovaGold Resources said this week in announcing their prefeasibility study of the substantial copper--gold- silver project in northern British Columbia. The proposed mine, located 200 kilometres north of Stuart, BC, is 50%-owned by NovaGold and 50% by Teck Resources. Image of the proposed pit design for Galore Creek, courtesy of NovaGold Resources Resources Inc.

Tanzania uranium mining to boost economy

The Tanzanian government has planned a USD 400 million uranium mining project by Australian based Mantra Resources in the Selous Game Reserve, a project that will greatly boost the country’s economy.

East Africa gold mining makes headway

Gold mining in Tanzania and other East African sites is making headway with work in progress on prospecting and resource development at eight sites.