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Miners in South Africa could face lawsuits from workers

The Constitutional Court in South Africa has kicked open the door to class-action lawsuits against mine owners. The lawsuits could cost miners billions of rand after the court ruled yesterday that mineworkers who had been laid off because of occupational diseases can sue their employers, Business Day reported: The court handed down judgment in the matter of Thembekile Mankayi, who had sued AngloGold Ashanti for damages of R2.6m. Mr Mankayi passed away last Friday of lung disease.

Monument to more than double gold production

Vancouver-based Monument Mining Ltd. is moving ahead with a Phase 3 expansion plan for its Selinsing mine and gold treatment plant in Malaysia. The expansion includes an additional milling, gravity and leach circuit. The expansion will lift the treatment plant capacity from 400,000 tonnes per year to 1 million tpa.

NovaGold plans ‘vigorous defence’ of Copper Canyon lawsuit

NovaGold Resources said Thursday it plans to "vigorously defend " a lawsuit filed against the company by Copper Canyon Resources Ltd. The notice of claim filed by Copper Canyon "alleges that Copper Canyon's right of first refusal with respect to the Copper Canyon property has been triggered as a result of arrangements between NovaGold and the Galore Creek Partnership, and seeks specific performance of the right of first refusal. NovaGold denies that the right has been triggered or that it has breached any obligations respecting the Copper Canyon property."

Canada eclipsed China in mining M&A: PwC report

China may have dominated mining news headlines over the past year, but it is a small player when it comes to mergers and acquisitions, according to a report released today from PwC. The Mining Deals report states that in 2010, just 6% of global mining involved purchases by Chinese companies, compared to 36% from companies domiciled in Canada, 16% in the US and 16% in Australia. The numbers appear to dispel the myth that China is amassing control of the world's resources by merging and acquiring firms into its orbit.

Mapping project by British Columbia Geological Survey identifies “unprecedented opportunities” in new zones and offers insights in Romios’ Dirk/Newmont Lake area Geology

Romios Gold Resources announced that a 2010 mapping project from the British Columbia Geological Survey confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.

Top TSX miners increase market capitalisation $142 billion in 2010: Ernst & Young

Market capitalisation for miners on the TSX and TSX Venture rose from Can$325 billion in 2009 to $467 billion in 2010, according to a study released by Ernst & Young on Wednesday. The study also found that the mining sector raised $17.7 billion through IPOs and private placements, eclipsing the oil and gas industry which only managed $11.3 billion. The study also found that there were 52 mining initial public offerings on the TSX and TSX Venture that raised more than $1.3 billion.