IEA warns global markets to remain flooded with oil without OPEC cut

Experts say mining services providers’ earnings will continue to fall this year.

Peter Marquez, former director of space policy under US Presidents George W. Bush and Barack Obama, is Planetary Resources’s new vice president for global engagement.

Company is said to have invited reporters to attend a ceremony at the mine this Friday to celebrate its first shipment.

The official version is that the three small-scale miners lost their lives after inhaling excess smoke in a pit during a blast to extract the mineral.

The estimates are "highly uncertain and will remain so until they are extensively tested with production wells."

The draft law is unlikely to take effect before 2014.

Beny Steinmetz scores legal victory amid corruption probe into the sale of Guinea's Simandou iron ore licence.

Authorities allege Glencore hid profits by paying other units above-market prices for raw materials.

Company filed both a mining right application and included a BEE (Black Economic Empowerment) partner.