Draft legislation, a copy of which was seen by the Financial Times on Wednesday, gave "the clearest sign yet that Mongolia is uncomfortable with the large foreign investments that have so far been a mainstay of economic growth."
The rare earths business isn't unlike a Formula One race, according to Carolyn Dennis, vice-president and senior analyst with Dundee Capital Markets.
There is no such thing as an average miner. There is no such thing as an average salary. Yet we can get some idea of how well mining people are paid by looking at the average salaries for 2011 on US metal mines recently published CostMine.
The New Democratic Party of British Columbia, the province's likely next government if you look at the polls, seems to eschew profit in favour of redistribution.
Australia's Federal Skills Minister, Chris Evans, said Rio Tinto (LON and NYSE: RIO) should focus on local workers when filling its 6,000 mining jobs, in what is considered the largest recruitment campaign in the country’s history.
Clive Palmer, who made his fortune through securing access to 160 billion tonnes of iron ore reserves in the Pilbara Ranges, plans to rebuild the Titanic and contest the seat held by Wayne Swan, the Deputy Prime Minister of Australia.
There has been a significant paradigm shift in public activism in Canada and a growing hostility toward mining and dogmatic opposition by environmentalists and social action groups toward virtually all mining and energy projects.
Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.
Arch Coal Inc. (ACI), the fourth-largest U.S. producer of the fuel, is seeking buyers for several of its thermal-coal mines in the U.S., which together may fetch $600 million or more, said people with knowledge of the matter.
Oleg Deripaska, CEO of Basic Element and UC RUSAL and President of En+ Group, and Zhang Guoqing, President of China North Industries Corporation, signed a framework agreement on strategic cooperation providing for the joint implementation of projects in the engineering, mining and metal sectors.