Bolivia’s leftist government announced it won’t pay any financial compensation to Swiss miner Glencore after yesterday’s decision to take over its Colquiri tin and zinc mine.
The world’s richest mining entrepreneur and wealthiest man in Brazil, Eike Batista, is now also the largest holder of mineral rights in the South American iron ore-rich area of Mato Grosso do Sul, with 9,362.98 hectares under his control.
Brazil's lower house mining and energy commission has rejected 10% export tax on all iron ore exported by local miners, but Standard & Poor warns permitting and infrastructure issues are threatening the country’ iron ore expansions.
Giant miner Rio Tinto (LON:RIO) continues to build its reputation as the most bullish of the major mining companies after it announced today it will spend $4.2 billion on top-tier iron ore projects.
London-based Anglo American (LSE:AAL) and Chile's state-owned Codelco have set this Friday as the deadline to resolve a dispute over billions of dollars in copper assets.
TSX-listed San Gold is increasing its footprint in Ontario after it signed an agreement on Tuesday to buy three mineral properties from exploration junior Opawica Explorations for about ten million shares.
Zimbabwe’s Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned company owns 40% of Anjin, one of the most lucrative diamond concessions in the country.
Gem Diamonds said initial production at its Ghaghoo underground mine project in Botswana would be delayed until the first half of 2014 after an accident yesterday resulted in the death of two workers.
