ABB, a leading power and automation technology group, recently won an $11 million order to supply a complete ore hoisting solution for Xstrata Copper's Ernest Henry Mining (EHM) copper-gold operation in north-west Queensland, Australia.
A dispute in the north of New Caledonia has stopped the export of nickel ore from the SMSP site to its South Korean partner, Posco. Members of the Kaala-Gomen tribe claim that the United Nations Declaration on the Rights of Indigenous Peoples provides for them to have a share of the profit drawn from mining.
The World Jewellery Confederation, expressed its great regret and sorrow upon the death of Francesco Roberto, who passed away on September 12 after a long illness, at the age of 81.
kazzinc.jpg Last week Glencore International published its first sustainability report, disclosing how it performed in 2010 and prior years in contributing to sustainable development. The report details Glencore’s performance in relation to its people, neighbouring communities, the environment, compliance and customers. In 2009 Glencore launched a group-wide sustainability policy framework called Glencore Corporate Practice (GCP), which specifies [...]
The new Mines Bill, which provides for sharing of profits and royalty with project-affected people, is likely to be introduced in the winter session of Parliament, a senior official said. The Bill, earlier supposed to be tabled during the just concluded
Alaska's Pebble deposit presents big problems for Northern Dynasty, the junior Canadian miner that wants to cash out of its sole asset. Pebble has an eye-popping recoverable resource of 67 million ounces of gold and 55 billion pounds copper with some molybdenum thrown in for good measure which at today's prices is worth over $300 billion in total. The Vancouver company shares the venture with Anglo-American but the $4.7 billion development costs could be too rich even for the London-listed giant's blood. Apart from the problem of finding a heavyweight buyer for its 50%, Dynasty also faces opposition from a $150 million a year salmon fishery near the site and local environmental protesters who have enlisted the support of Hollywood celebrities like Robert Redford.
According to the Organization for Economic Co-operation and Development (ODEC) the combined economies of Germany, France and Italy will grow by under one percent this year. OECD forecast the US economy will grow at a 0.4 per cent annualized rate in the fourth quarter, while in Europe, the three largest economies (Germany, France and Italy) will contract by 0.4 percent over the same period.
The exciting tech sector of yesterday will pale in comparison to the precious metals sector of tomorrow, say Chris Marchese, portfolio strategist with a hedge fund under Vishni Capital, and Jason Burack, independent investor and creator of Wall Street for Main Street. In an exclusive interview with The Gold Report, they share their analysis of one last solid-gold—and silver—investment frontier.
Bitcoin, a new and private form of currency exchange, got some attention from Paul Krugman in a column who drew parallels between it and gold, finding that both markets are susceptible to underlying problems of "money-hoarding, deflation, and depression." BitCoin, which is well-examined in an article by James Surkowieki, is an alternative form of currency exchange.
Goldcoast.com reports: A new apprenticeship scheme, developed by the National Apprenticeships Program with support of the government and the mining industry, will be fast-tracking as many as 1000 people on the Gold Coast, Australia, into mining and energy jobs.
The scheme is targeting those who have relevant skills but no formal qualifications, including people who have partly completed an apprenticeship, permanent Australian residents with overseas qualifications, ex-members of the defence force and trades assistants from the construction and engineering industries.