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Adani must pay royalties on Carmichael mine, Queensland says

26th May 2017 India’s Adani Group will be required to pay full royalties on its $16.5-billion Carmichael coal project in Australia’s Queensland, according to the state’s premier. The Carmichael mine “will pay every cent of royalties in full” under a new policy unanimously agreed to by the state’s cabinet for... 

Trade agreements must go far beyond just cutting tariffs – Merkel

17th May 2017 Free trade agreements have to do more than just cut tariffs, German Chancellor Angela Merkel told trade unionists on Wednesday, adding that environmental, consumer protection and dispute resolution standards were also essential. "A modern trade agreement has to be about more than cutting... 

Vale to shutter nickel mine in Canada; up to 200 jobs at stake

16th May 2017 Vale Canada said on Tuesday it would suspend operations at its Birchtree nickel mine, in the province of Manitoba, on October 1, because of weak nickel prices and declining ore grades as the small, 51-year-old mine nears the end of its life. The suspension will result in up to 200 job losses and... 

ArcelorMittal warns of legal action over Bosnia iron-ore mine sale

15th May 2017 ArcelorMittal, the world's largest steel producer, has warned Bosnia's authorities it is ready to take legal action to protect its ownership rights if a government-owned stake in the Ljubija iron-ore mine is sold to a rival bidder, the company said on Monday. ArcelorMittal owns a steel plant in... 

Altus exploration company aims to buck trend with London listing

15th May 2017 A British firm hunting for mineral resources in Africa is hoping to be the first venture of its kind to float on the London Stock Exchange since a deep commodity price crash wiped out the appetite for exploration risk. Even after the sector recovered in 2016, new mining listings have been sparse... 

For world's super-rich, a pink diamond is forever

10th May 2017 For the world's super-rich, the investment of choice is increasingly a very rare naturally pink diamond, an asset class that this year has set records at auction. Tobias Kormind, MD of 77 Diamonds, which has a shop in London's Mayfair district and sells online, says the trend for coloured stones... 

Norilsk Nickel lawsuit against Botswana undeterred by potential deal

10th May 2017 Norilsk Nickel Africa will press ahead with a lawsuit against Botswana over a failed $271-million deal to sell a 50% stake in its Nkomati nickel mine even though the government is still trying to raise the funds, its CEO has told Reuters. "From our point of view the government failed to meet... 

Philippines' new Environment Minister says can allow responsible mining

9th May 2017 The Philippines' new Environment Secretary Roy Cimatu said on Tuesday he can allow mining in the country as long as it is done responsibly, taking a more moderate stance than his dismissed predecessor who ordered over half the country's mines shut. "For me, I think we can allow mining (as long... 

Mineral-rich area of Papua New Guinea lifts decades-old ban on new mining

2nd May 2017 A mineral-rich region of Papua New Guinea has lifted a 40-year-old ban on new mining and exploration, opening the way for iron ore and copper operations. The autonomous Bougainville region has a troubled history over resource development, with a bloody secessionist conflict erupting in the late... 

Philippine Minister wants to work with Maoist rebels in mine areas

20th April 2017 The Philippine Environment Minister said she has been given the green light by President Rodrigo Duterte to work with communist rebel fighters to help rehabilitate and develop the country's mining areas. The decades-long conflict between the New People's Army (NPA) rebels and the Philippine... 

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