Mining giant Rio Tinto (LSE:/NYSE:/ASX:RIO) has unveiled its inaugural set of jewelry made using diamonds from its Bunder mine project in India's Madhya Pradesh.
Inter-Citic Minerals Inc. (TSX:ICI) stocks soared over a third Monday after the company revealed it was being acquired by a subsidiary of China-based Western Mining Group, in a deal that values the Canadian gold miner at $252 (Cd$250) million.
A government board is suggesting to split India’s state-owned Coal India Ltd (NSE:COALINDIA), the world’s largest coal producer, or at least allow joint venture partners to foster competition in the sector.
India’s Prime Minister Manmohan Singh said Monday the government has already initiated the process of cancelling mines to companies that failed to develop them.
“Shocked” over the magnitude of alleged illegal iron ore exports by private companies in southern India, the country’s Supreme Court said it wants to explore the possibility of punishing the guilty parties within six months.
Adverse publicity surrounding the failings of Philex Mining's (PX:PM) tailings dams in the Philippines attest more to the shortcomings of its corporate legal team more than poor operating standards in developing economies.