Charges against former Uralkali CEO dropped, potash price war imminent
While criminal charges against Vladislav Baumgertner, former Uralkali CEO, were ditched, he may face further damages claims as part of the so-called potash case.
In unveiling Canada’s British Columbia’s job-creation strategy last September, the Premier Christy Clark said the government planed to capitalize on high demand for minerals, especially in Asia, by opening up eight new mines in the next four years and expanding nine more by 2015.
In what is being regarded as the first major African mining play by a Chinese company, China Minmetals succeeded Friday in closing its $1.3 billion bid for copper miner Anvil Mining.
A Canadian mining watchdog created by the Conservative government has yet to mediate a single case despite costing taxpayers $1.1 million over the last two years.
The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will cripple the industry.
Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer Iain Macpherson said.
Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price will be paid to Caledonia from future Blanket dividend payments.
Canada is upset about an EU energy panel's plans for a green ranking of fuels that would rank Alberta's heavy oil as the globe's most polluting and effectively ban the import of oil sands crude into the bloc.
Chile is not only the largest copper producer in the world, but also the country with the largest worldwide reserves of the red metal, reveals the latest commodity report by the U.S. Geological Survey (USGS).