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Modernization Has Paid Off for the Coal Industry in China
July 25, 2017
Coal industry profits in China are expected to remain high in the second half of the year, thanks to government efforts to cut excessive capacity and the stable growth of the overall economy, said experts. “The economic recovery has led
Acacia Mining Disputes $190 Billion Bill for Unpaid Taxes from Tanzania Gov’t
July 25, 2017
Acacia is caught up in sweeping changes to Tanzania’s mining industry spearheaded by President John Magufuli who believes the country is not getting its fair share of profits Tanzania has issued a notice demanding $190bn in unpaid taxes, penalties and
Rio Tinto’s $2 Billion Amrun Bauxite Project on Track for First Shipment in 2019, Queensland
July 24, 2017
Mining giant Rio Tinto’s A$2.6bn ($2bn) Amrun bauxite project in Australia is on track to reach the target of commencing shipments in the first quarter of 2019. One third of the project’s construction has now been completed according to Queensland
BHP to Invest $277 Million to Modernize Olympic Dam Smelter Operations, South Australia
July 24, 2017
BHP Billiton has announced an investment of A$350 ($277m) to enhance and modernize the smelter operations at its Olympic Dam copper mine in South Australia. For the 2017 financial year, the mining giant reported that its copper production at the
Luxembourg Parliament Passes First Legal Framework for Space Resources Utilization
July 21, 2017
Mining companies pull valuable material out of the earth and sell it. That’s their job and while there’s plenty of controversy over where, when and to what extent corporations should be allowed to exploit our planet, human civilization wouldn’t be
Mine Workers Strike in Peru Over New Labor Reform Mining Laws
July 21, 2017
Union workers at more than 50 mines in Peru have gone on strike to protest parts of a labor reform that they say will harm workers’ rights. Ricardo Juarez is leader of a national federation of miners. He says the
Protesters Continue to Disrupt Mining at New Talisman Gold Mines at Karangahake Gorge, New Zealand
July 21, 2017
Protesters have renewed efforts to disrupt gold mining operations in the Karangahake Gorge. New Talisman Gold Mines reported a massive find of quality gold at the mine between Paeroa and Waihi earlier earlier this month, as part of a three
Austral Gold to Acquire Revelo’s San Guillermo and Reprado Gold-Silver Projects, Chile
July 19, 2017
Revelo Resources Corp. has signed a Letter of Intent with Austral Gold Ltd., allowing Austral to purchase Revelo’s gold-silver projects at San Guillermo and Reprado located in northern Chile, in exchange for common shares in Austral and a royalty on
SEMAFO Advances Construction of Boungou Gold Mine, Burkina Faso
July 19, 2017
Construction of SEMAFO’s Boungou Mine in Burkina Faso is progressing well and on-budget for commissioning of the open-pit mine in the second half of 2018. As at June 30, 2017, the following key components had been advanced: • Development on
National Union of Mineworkers Shocked By Decision to Suspend New Mining Charter
July 18, 2017
The National Union of Mineworkers (NUM) says it is shocked and disappointed by the suspension of the implementation of the new Mining Charter as agreed between the Chamber of Mines and the Department of Mineral Resources. The chamber announced the
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