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African Barrick Gold Mine faces multimillion dollar suit

Afrcan Barrick Gold (ABG) faces a multimillion court battle following its draconian decisions taken two years ago to freeze payments to Mwanza based firm, Simba Pipe Line, under the allegations of frauds. In 2009 ABG suspended all suppliers who were...

With mining sector in pits, GDP growth to take big hit

An unprecedented crackdown on corruption in India's mining industry, led by the Supreme Court and state-level agencies such as Karnataka's Lokayukta, coupled with rigorous enforcement of environmental norms is resulting in collateral damage to the economy, with plunging mining output leading to a fall in industrial production and GDP growth.

2 killed in protest over Indonesia gold mine

Two people have been killed and 10 others injured during a violent protest over a planned gold mine in eastern Indonesia. The victims were among nearly 1,000 people in Lambu village in West Nusatenggara province who were trying to stop the gold mining...