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.
According to U.S. embassy cables released on Wikileaks, Australia’s changes to foreign investment rules in 2009 were aimed at limiting Chinese investments […]
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 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."
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.
The Associated Press reports that Kate Middleton’s ancestors worked in England’s coal pits: Her great-grandfather left coal country nearly a century ago […]
