INFOGRAPHIC: A forecast of when the world’s resources will run out

International Business Times reports that a mob of horsemen armed with sticks and petrol bombs attacked an exploration camp run by South African miner Gold Fields' joint venture in Kyrgyzstan, the latest in a series of assaults on mining companies in the Central Asian state. Talas Copper Gold, a joint venture between Gold Fields and Britain's Orsu Metals, said on Monday that its security manager was severely beaten as he fled from a burning building at the exploration camp in Talas province. Kyrgyzstan, a former Soviet republic of 5.5 million people, is preparing to elect its next president to replace Almazbek Atambayev (pictured on left) on Oct. 30, following a year in which its former leader was overthrown and hundreds were killed in mob violence.

Reports on Monday say Indonesian security forces fired on striking workers at Freeport McMoRan's Grasberg mine in the country's poorest province West Papua after a protest turned violent, killing one and injuring a dozen other, including seven police, some of them critically. The local police chief said between 500 – 600 policemen are now billeted at the mine. About 12,000 workers vowed Friday to paralyse production at the massive gold and copper mine as their strike over pay enters its second month. There is a history of violence at the mine and Freeport, based in Phoenix Arizona, report annual payments reaching an average $5m each year for government-provided security and $12m for unarmed, in-house security at the Grasberg complex dating back to the 1970s.

Gold for December delivery traded up $37.30, or 2.3%, at $1,673.10 an ounce on the New York Mercantile Exchange in early afternoon trade Monday, after climbing more than $40 earlier to touch an intraday high of $1,676.70. Gold's gains come amid strong buying during China's Golden Week despite the fact that buyers have to contend with bullion that is $300/oz more expensive than last year. Traders reported that the price of gold has been moving up and down in sync with the S&P 500 in the last four sessions, while the safe-haven buying that spurred the metal's three-year rally was largely absent. Other precious metals also benefited from a near 2% drop in the dollar index.

Reuters reports China will extend a resource tax – calculated on value rather than volume of production – on domestic sales of crude oil and natural gas from some regions to the whole country and expand the list of taxable resources to coking coal and rare earths from November 1. The move, billed as a way of conserving resources and limiting environmental damage, is part of a long-awaited tax reform that would enrich the coffers of local governments but slash the earnings of resource companies, such as PetroChina Co, China National Petroleum Corp and Baotou Steel Rare Earths by billions of dollars each year. The tax on rare-earth ores will be levied according to a wide range of between yuan 0.4 – 60 per ton and between yuan 8 – 20 a tonne on coking coal.

Ever since Friday's New York Times report saying the US State Department assigned an important environmental impact study of the Keystone XL pipeline to Cardno Entrix, a company with financial ties to the pipeline operator TransCanada, in contravention of federal law, opponents of the project have shifted the focus of their opposition to allegations of conflict of interest and corruption. Two prominent names on the political left and in the green movement Naomi Klein and Bill McKibben put it most bluntly: Obama's plan to transport oil from Canada to the Gulf Coast reeks of cronyism and it is quite possibly the biggest potential scandal of the Obama years. TransCanada officials meanwhile appear to have been caught off guard by the vociferous protests that weeks of Keystone hearings that ended on Friday have elicited, pointing out that TransCanada won approval for a similar pipeline three years ago with little opposition.

The International Center for Settlement of Investment Disputes has advised Crystallex International Corp. that proceedings in its $3.8 billion case against Venezuela for nationalizing gold-mining assets has begun. The Toronto-listed company's main asset is its interest in the Las Cristinas gold project located in Bolivar State, Venezuela. Crystallex also holds interests in the Tomi and La Victoria mines in Venezuela and on Friday closed down 70% from its 52-week high. The stock was delisted in from the New York Stock Exchange earlier this year. Toronto-listed Rusoro is the only large producing gold miner operating in Venezuela and the country does not feature in the top 20 global gold producing states.

Fin24 reports South Africa's gold mining industry is under such cost pressure, owing to gold reserves that are too deep to be mined profitably, that within a decade or two this could mean the end of the industry. That's why there is great excitement about a promising new technology which could make deep underground mining possible and ensure the future of the industry. The world's deepest mine is AngloGold Ashanti’s Mponeng, which extends about 4 km (2.5 miles) underground. To be able to mine much deeper than this, where millions of currently inaccessible – or uneconomic – fine ounces of gold lie, would require a breakthrough. Significantly, AngloGold was recently the first group to herald such a breakthrough with an apparently large degree of certainty.

The Sydney Morning Herald reports Australia's Gillard government has opened the week of the crucial vote on carbon tax by revealing that big fuel users such as airlines want to sign on to the scheme, while the coal industry counterattacked with a report estimating that the tax risks the jobs of 21,000 miners. The government's bid to boost the carbon tax comes as a new coal industry-commissioned report says the tax would force the premature closure of 17 per cent of existing black-coal mines in Australia, including 15 in NSW. Today the Australian Coal Association will release the results of an ACIL Tasman consultants study that concludes an estimated 27 per cent of employment in coalmining projects would be under threat with a carbon tax.

The Wall Street Journal reports Mongolia is relaunching talks with international miners on developing the western block of Tavan Tolgoi in the South Gobi desert, the world’s largest deposit of high-quality coking coal used in steelmaking. Mongolia's National Security Council rejected a deal struck with US giant Peabody Energy, China's Shenhua and a Russian-Mongolian consortium mid-September, just two months after they were announced as winners. At the time losing bidders from Brazil, India and South Korea raised serious concerns and Japan went so far as to call the bidding process 'extremely regrettable'. Mongolia still hopes to privatize its Erdenes Tavan Tolgoi coal-mining company which controls the remainder of the 6 billion tonne resource for upwards of $3 billion next year.