Over $21bn worth of mining projects delayed in Peru due to social conflict
Six people have been killed in anti-mining protests so far this year, including three at last week's clash between police and locals near Las Bambas copper mine.
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, global mining giant Rio Tinto (NYSE: RIO ) has earned a respected four-star ranking.
The sharp turnaround in sentiment in the bullion market has some asking whether the rally is a dead cat bounce or perhaps the last chance to buy before prices rocket.
Chinese authorities added 10,680 tonnes to the country's export allowance this week but it is something of a meaningless exercise because during the first quarter China only exported 26.3% of the initial quota.
Laurence Graff, the undisputed king of uber-expensive diamonds, will earn a tidy $290 million windfall when he restructures his Mayfair-based company and will vastly boost his paper wealth when Graff Diamonds lists in Hong Kong for as much as $4 billion.
The Colorado company is destined to become the number one producer outside China, but the rapidly changing economics of the industry has seen its stock decline 20% this week and 74% since May last year.
Less than a month after officially launching its asteroid-mining plans, Google’s billionaire co-founders and filmmaker James Cameron’s owned company Planetary Resources, has already decided not to accept any more job applications.
China won’t meet its carbon and energy intensity targets unless dramatic changes to its electricity grid are applied, says a study by U.S.-based Energy Transition Research Institute.
Peru’s illegal mining exports reached $1.8 billion in 2011, exceeding even drug trafficking profits, which accounted for $1.2 billion, said local consultancy firm Macroconsult.