Western Australia is world’s new top mining destination

At least 1.6-million people live in informal settlements around Johannesburg, many of them on or near mine waste sites, plagued by illegal miners and controlled by armed bands.

Prices headed for a four-week-low on the Comex in New York.

The world’s third-largest platinum producer is also planning layoffs, cutting capex and lowering unit costs.

The closure of Kellingley Colliery, Britain’s last deep coal mine, marks the end of a 300-year industry that once employed over a million workers.

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

The growing practice consists on soliciting small amounts of money from a large number of people in order to fund a project or venture.

The loss prompted the oil giant to shelve and write off a new oil sands project in Alberta and an oil exploration project in Alaska.

Troy Resources' Karouni mine is expected to produce up to 100,000 ounces of the precious metal a year.

The country's government is in the midst of reviewing its mining legislation, particularly mandatory divestment rules and contract extensions.