South Africa wants to settle mines’ black ownership in court
The main point of contention is the fact that mining companies believe that once they reached a 26% black ownership, they effectively complied, no matter where the percentage is at now.
Thousands of informal miners suspended their indefinite protest in the gold-rich Peru’s Madre de Dios region after three gold miners were killed in clashes with police yesterday.
State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and North America, reports Bloomberg.
Canada’s North will be leading the country in economic growth over the next two years as a boom in mining projects takes hold, says the Conference Board of Canada’s Territorial Outlook-Winter 2012 study, reports CBC.
Kobe Steel, Ltd. announces that it reached agreement with trading firm Sojitz Corporation to take a 33% equity share in Sojitz Resources & Technology Pty Ltd, currently a 100% owned subsidiary of Sojitz Corporation.
CEOs who are male and single are bigger risk takers and their company's stock is more volatile, according to a study by the University of Pennsylvania.
Having a gun in the field doesn't provide anymore protection during bear encounters than encounters without, according to Tom S. Smith, a Brigham Young University biologist.
Murray & Roberts Cementation has been selected by De Beers as the preferred contractor to undertake the development of an underground mining operation at Venetia Diamond Mine. This project is in a feasibility stage and will be considered by the De Beers Board in 2012.