RETORTILLO/SANTIDAD DEPOSIT PERMITTING INITIATED – BERKELEY RESOURCES LTD

The diamond giant has faced multiple headwinds in recent years.

Timothy Foden, co-head of the arbitration group at Boies Schiller Flexner, looks at legal challenges facing the mining industry.

Mining executives argued for a sharper industry focus on economic solvency, environmental accountability and public perception at a London event this month.

Toronto-based Mandalay has used revenue from its Bjorkdal gold mine in Sweden and Costerfield gold and antimony mine in Australia to accumulate $55 million in cash.