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Silicosis suit could crush S.Africa's gold mining sector

Thousands of ex-gold miners suffering from silicosis have launched a class action suit in South Africa, in what could prove the final nail in the coffin of the country's battered but vital mining sector.

Silicosis suit could crush S.Africa's gold mining sector
A piece of mineral. ©REUTERS
Zinc hungry China asks Canada to back giant mine

With zinc sources drying up and demand forecast to surge, resource hungry China is looking to Canada to approve two giant mines and close the gap -- but environmentalists and roving caribou stand in the way.

Zinc hungry China asks Canada to back giant mine
Myanmar makes new mine protest arrests

Myanmar authorities on Friday said they had made a fresh round of arrests over a spate of protests demanding apologies for a police crackdown on a rally at a Chinese-backed copper mine last month.

Myanmar makes new mine protest arrests
Sierra Leoneans vote in high-stakes elections

Sierra Leoneans voted Saturday in general elections as the west African country continues to recover from a brutal civil war while beginning to reap the benefits of a mining boom.

Sierra Leoneans vote in high-stakes elections
©REUTERS
BHP sells diamond assets for $500 million

The world's largest miner BHP Billiton on Wednesday said it was exiting the diamond industry, selling its Canadian assets to retailer Harry Winston Diamond Corp. for US$500 million.

BHP sells diamond assets for $500 million
Baurzhan Assaubayev. Photo courtesy of Fokus magazine
Kazakhstan tycoon family is buying Hambledon Mining

Assaubayevs family company African Resources intends to buy 60 percent of Hambledon Mining.

Kazakhstan tycoon family is buying Hambledon Mining
Nathaniel Rothschild (L) and Bakrie & Brothers Chief Executive Officer Bobby Gafur Umar. ©REUTERS
Rothschild mulls counter-bid in Bumi battle: report

British financier Nathaniel Rothschild is mulling a bid for Bumi Plc coal assets to counter an offer by Indonesia's powerful Bakrie family, and has approached one of their rivals.

Rothschild mulls counter-bid in Bumi battle: report
©REUTERS
Australia defends mining tax after 'zero earnings'

Australian Treasurer Wayne Swan defended the government's mining profits tax Thursday after reports that no revenue had collected in the first quarter due to China-driven cooling in the sector.

Australia defends mining tax after 'zero earnings'
Gold mine evicts workers as S.African strikes spread

A leading gold mine in South Africa started evicting thousands of its striking workers from company dormitories on Tuesday as work stoppages spread to more gold and platinum mines.

Gold mine evicts workers as S.African strikes spread
Iron ore mine. ©REUTERS
S&P warns of little iron ore respite for miners

Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.

S&P warns of little iron ore respite for miners
Xstrata, Glencore announce new deal for massive tie-up

Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).

Xstrata, Glencore announce new deal for massive tie-up
 BHP Biliton mine. ©REUTERS
BHP requests four more years for major mine plan

Mining giant BHP Billiton on Thursday asked South Australia state for a 46-month extension to the approval of its Olympic Dam project expansion, which was shelved last month on cost concerns.

BHP requests four more years for major mine plan
©REUTERS/Chris Wattie
Canada to stop opposing asbestos hazard listing

Canada dropped Friday its longtime opposition to global restrictions on asbestos, dealing a blow to the country's dying mining industry of the fire-resistant substance.

Canada to stop opposing asbestos hazard listing
Gina Rinehart. Photo courtesy of theage.com
Mining magnate Rinehart says Australia 'too expensive'

Mining tycoon Gina Rinehart on Wednesday warned Australia was becoming too expensive for multinational companies who could source workers for two dollars a day in Africa.

Mining magnate Rinehart says Australia 'too expensive'
Australian mining minister warns boom is 'over'

Australia's Resources Minister declared the mining boom "over" following BHP Billiton's decision to delay the massive Olympic Dam project as commodities prices sag.

Australian mining minister warns boom is 'over'
Australia warned mining boom could end in two years

Australia's mining boom will slow more sharply than expected and could be over within two years due to easing demand from China and falling prices.

Australia warned mining boom could end in two years
A man demonstrates how to search for gold. ©REUTERS/Jose Manuel Ribeiro
Guyana suspends gold, diamond mining permits

The South American country of Guyana said Friday it had suspended the granting of new permits to mine for gold and diamonds in rivers because of concerns over widespread pollution.

Guyana suspends gold, diamond mining permits
©RIA Novosti
Kazakhstan miners and metallurgists ask to suspend emission sanctions until 2015

Kazakhstan Association of Mining and Metallurgical Companies has asks to give new companies time until they get on their feet.

Kazakhstan miners and metallurgists ask to suspend emission sanctions until 2015
Vladimir Kim. Photo courtesy of Kazakhmys.
Kazakhmys Chairman of the Board to transfer his powers to an independent director

Mr. Kim has been heading the Board since the Company floated its shares in London back in 2005.

Kazakhmys Chairman of the Board to transfer his powers to an independent director
Kazakhstan steppes. Photo courtesy of venividi.ru
Buying parts of Kazakhstan will be made easier

Kazakhstan is going to cut administrative barriers and simplify approval procedures related to obtaining subsoil use rights.

Buying parts of Kazakhstan will be made easier