site.news_by_theme Mining
Rio to lay off 1,700 at Mongolia project
Mining giant Rio Tinto on Thursday said it will lay off up to 1,700 staff at its huge Oyu Tolgoi copper mine in Mongolia after a more than US$5 billion expansion was halted.
15 August 2013
Kenya revokes new mining licences, hikes royalties
Kenya on Monday revoked all mining licences granted in the months before and after March elections and announced that it was hiking royalties paid by companies operating in its nascent mining sector.
06 August 2013
Australian mine firm guilty of Aboriginal site desecration
An Australian mining firm was convicted Friday of desecrating a sacred outback Aboriginal site in a landmark ruling protecting the beliefs of the beleaguered minority in the country.
02 August 2013
Tycoon says Australia treating mining firms as ATMs
Australia's richest person Gina Rinehart on Friday accused the government of using the mining industry as an ATM, warning of an unhealthy reliance on the sector and unsustainable debt levels.
17 May 2013
BHP sells US copper assets for $650 million
Global mining titan BHP Billiton on Monday announced the sale of its Pinto Valley mining operation and rail assets in the United States to Capstone Mining Corp for US$650 million.
29 April 2013
Kazakhstan copper tycoon to leave his post in Kazakhmys in May
Chairman of Kazakhmys Vladimir Kim will leave his post after the general meeting to be held in May 2013.
01 March 2013
Australia rejects heritage listing for Tasmanian rainforest
Australia Friday rejected a bid for blanket heritage listing of Tasmania's Tarkine rainforest, angering environmentalists who said it would allow mining and could threaten the Tasmanian devil.
08 February 2013
British Rio Tinto to search for deposits in Kazakhstan
Kazakhstan’s KazGeology and British Rio Tinto agreed on implementation of joint projects in Kazakhstan.
04 February 2013
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.
28 January 2013
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.
07 January 2013
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.
15 December 2012
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.
18 November 2012
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.
15 November 2012
Kazakhstan tycoon family is buying Hambledon Mining
Assaubayevs family company African Resources intends to buy 60 percent of Hambledon Mining.
07 November 2012
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.
04 November 2012
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.
25 October 2012
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.
04 October 2012
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.
03 October 2012
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).
02 October 2012
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.
27 September 2012