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By: Simon Rees Updated 21 minutes ago Mining companies that flout voluntary corporate social responsibility (CSR) standards and recognised best practises will lose the support and advocacy of the Canadian government, Trade Commissioner Service-Operations and Trade Strategy Bureau director general Duane McMullen told an audience at... →
By: Reuters Updated 1 hour 1 minute ago Iron ore hit a record low below $60/t on Friday and posted its biggest weekly fall since mid November as China's anti-pollution battle threatens to shut more steel mills, cutting demand. The closure of steel mills in an industrial city in eastern China, which sparked fears of a wider crackdown,... →
By: Reuters Updated 1 hour 7 minutes ago South Africa's National Union of Mineworkers (NUM) said on Friday it would oppose any attempt by cash-strapped power utility Eskom to sell assets, especially its finance company which helps provide home loans to employees. Eskom CE Tshediso Matona told the Reuters Africa Investment Summit on... →
By: Esmarie Swanepoel Updated 7 hours ago The Western Australian state government on Friday announced the first magnetite royalty rebate payment to ASX-listed Gindalbie Metals for its Karara project. Mines and Petroleum Minister Bill Marmion said that the first magnetite royalty rebate payment highlighted the state government’s... →
By: Esmarie Swanepoel The New South Wales Planning Assessment Commission (PAC) has backed major Rio Tinto’s plans to expand the Mount Thorley Warkworth coal mine. The PAC this week formally recommended that the Minister for Planning should approve the project, subject to the provision of additional information on a... →
Economies of Sierra Leone, Guinea and Liberia hit by outbreak but severity of impact on mining debatable
By: Ilan Solomons As of February 4, more than 22 400 confirmed Ebola cases had been reported – with about 9 000 of these being fatal – mostly in the West African nations of Sierra Leone, Guinea and Liberia, reports the World Health Organisation. The World Bank released a report in January, ‘The Economic Impact of... →
By: Esmarie Swanepoel The share price of gold miner Regis Resources traded 27% lower on Friday as the miner warned of weaker March-quarter production at its Western Australian operations. The ASX-listed miner explained that lower head grades during January and February had hampered gold production at the Garden Well... →