Provides the latest RSS feeds for Mining and Metals News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Brazil Sun.com http://www.brazilsun.com/index.php/cat/810aad60e2faf4cc/ en-us Mon, 20 May 2013 14:22:38 -0400 Mon, 20 May 2013 14:22:38 -0400 30 (MENAFN - ProactiveInvestors - Australia) Great Western Exploration (ASX:GTE) has entered into a heads of agreement with Glencore Xstrata that will allow GTE to farm into Glencore's Cunyu project in the Doolgunna region in Western Australia. The Cunyu project comprises of five exploration licences for a total area of 780square kilometres adjacent to the GTE's Doolgunna project. The ... http://www.brazilsun.com/index.php/sid/214637288/scat/810aad60e2faf4cc Mon, 20 May 2013 12:47:12 -0400 http://www.brazilsun.com/index.php/sid/214637288/scat/810aad60e2faf4cc Silver ore (Photo credit: Wikipedia) With gold and silver prices falling off a cliff in 2013, it's not surprising that earnings estimates are being cut for the ... http://www.brazilsun.com/index.php/sid/214637289/scat/810aad60e2faf4cc Mon, 20 May 2013 12:43:23 -0400 http://www.brazilsun.com/index.php/sid/214637289/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – Mining major Anglo American has awarded SolarPower Africa the contract to build a 240 kWp grid-connected, ground-mounted photovoltaic (PV) system to provide electricity to the central administration offices at the Kriel colliery, in Mpumalanga. SolarPower ... http://www.brazilsun.com/index.php/sid/214635762/scat/810aad60e2faf4cc Mon, 20 May 2013 11:42:49 -0400 http://www.brazilsun.com/index.php/sid/214635762/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – The Australian Takeovers Panel has declared the Waterberg Coal Company’s statements in relation to its hostile takeover offer for Firestone Energy as being deficient and ordered the company to dispatch a supplementary bidder’s statement. This comes after Firestone Energy approached the panel in April, seeking a declaration of unacceptable ... http://www.brazilsun.com/index.php/sid/214635763/scat/810aad60e2faf4cc Mon, 20 May 2013 11:42:48 -0400 http://www.brazilsun.com/index.php/sid/214635763/scat/810aad60e2faf4cc HARARE – Zimbabwe's mining chamber said tighter proposed State control over the sale of minerals would hit Anglo American Platinum and Impala Platinum Holdings, slow down foreign investment and stunt growth in the industry. Zimbabwe's Mines Ministry in March produced a draft Minerals Policy, which seeks to increase state participation in exploration, mining and the selling of ... http://www.brazilsun.com/index.php/sid/214634382/scat/810aad60e2faf4cc Mon, 20 May 2013 10:39:44 -0400 http://www.brazilsun.com/index.php/sid/214634382/scat/810aad60e2faf4cc NEW DELHI – Steel Authority of India could see an up to 30% rise in its coking coal imports to 13-million tonnes post capacity expansion, its spokeswoman said. SAIL, with an annual capacity of about 14-million tonnes, is the largest steel producer in India, but lags Tata Steel's global capacity of about 27-million tonnes. Under an ongoing expansion programme, SAIL expects to ... http://www.brazilsun.com/index.php/sid/214634385/scat/810aad60e2faf4cc Mon, 20 May 2013 10:39:43 -0400 http://www.brazilsun.com/index.php/sid/214634385/scat/810aad60e2faf4cc NEW YORK – Freeport-McMoRan Copper & Gold Inc and Plains Exploration together sweetened the miner's roughly $6-billion takeover bid for Plains by around 8% by offering to pay two special dividends if shareholders approve the deal. The dividends effectively increase the amount Plains Exploration & Production Co shareholders would receive by $3.65 in cash and stock, bringing ... http://www.brazilsun.com/index.php/sid/214634384/scat/810aad60e2faf4cc Mon, 20 May 2013 10:39:42 -0400 http://www.brazilsun.com/index.php/sid/214634384/scat/810aad60e2faf4cc JSE-listed Labat Africa on Monday said it aimed to invest in five oil and gas leases in Namibia. Labat Africa had executed a letter of intent with Amicitia Holdings to purchase all the issued shares in Palatina Petroleum, thereby acquiring a majority participating interest in five petroleum exploration blocks, off-shore Namibia. Expectations were that the success marked by substantial ... http://www.brazilsun.com/index.php/sid/214634383/scat/810aad60e2faf4cc Mon, 20 May 2013 10:39:41 -0400 http://www.brazilsun.com/index.php/sid/214634383/scat/810aad60e2faf4cc REPRESENTATIVES from mining-affected communities around Australia have vowed to continue fighting against the impacts of coalmining and coal seam ... http://www.brazilsun.com/index.php/sid/214633095/scat/810aad60e2faf4cc Mon, 20 May 2013 09:41:38 -0400 http://www.brazilsun.com/index.php/sid/214633095/scat/810aad60e2faf4cc Factors including a drop in metals prices and general uncertainty are effecting the global exploration sector.According to data provider, IntierraRMG, exploration activity, trending lower since the end of October 2011, had a particularly quiet March, when measured by the number of drilling reports ... http://www.brazilsun.com/index.php/sid/214633205/scat/810aad60e2faf4cc Mon, 20 May 2013 09:36:24 -0400 http://www.brazilsun.com/index.php/sid/214633205/scat/810aad60e2faf4cc Eurasian Natural Resources Corporation plc (ENRC) has disclosed details of an indicative offer for the company that has been rejected by the board.The offer was made by ENRC's three central Asian founders and the Kazakhstan government on May 16. They own shareholdings of 42.25% and 11.65% respectively.According to ENRC, the consortium made a US$2.3 billion cash and shares offer for shares it ... http://www.brazilsun.com/index.php/sid/214633206/scat/810aad60e2faf4cc Mon, 20 May 2013 09:36:23 -0400 http://www.brazilsun.com/index.php/sid/214633206/scat/810aad60e2faf4cc Indonesia has risen to 17. Rescue efforts continue, with 11 miners still unaccounted for.Freeport's local subsidiary, PT Freeport Indonesia (PTFI), said it had recovered six bodies from the site on Monday, May 20. Six other bodies were retrieved over the weekend.Ten survivors have been rescued so far and are being treated in hospital.The collapse occurred in a training tunnel outside the ... http://www.brazilsun.com/index.php/sid/214633207/scat/810aad60e2faf4cc Mon, 20 May 2013 09:36:23 -0400 http://www.brazilsun.com/index.php/sid/214633207/scat/810aad60e2faf4cc Comex gold futures are trading moderately lower but up from the overnight low Monday morning, the eighth trading day in a row of losses--marking the longest daily selling streak in four years. Meantime silver futures notched a more-than 2.5-year low overnight. Comex June gold last traded down $8.40 at $1,356.30 an ounce. Spot gold was last quoted down $2.10 at $1,358.50. July Comex silver last ... http://www.brazilsun.com/index.php/sid/214633208/scat/810aad60e2faf4cc Mon, 20 May 2013 09:32:55 -0400 http://www.brazilsun.com/index.php/sid/214633208/scat/810aad60e2faf4cc MADRID (MarketWatch) -- Gold dropped Monday, facing an eighth straight session of losses, with data showing an increase in bearish bets on the precious metal, while silver futures tapped a level not seen in over two ... http://www.brazilsun.com/index.php/sid/214633131/scat/810aad60e2faf4cc Mon, 20 May 2013 09:16:48 -0400 http://www.brazilsun.com/index.php/sid/214633131/scat/810aad60e2faf4cc WHOLESALE PRICES for gold and silver rallied from a fresh plunge in early London dealing on Monday, rising to stand unchanged and 2.3% lower respectively from the end of last week's trade by lunchtime.Asian stock markets closed sharply higher, even as the Japanese Yen reversed Friday's drop to new 4-year lows against the US Dollar.Commodities ticked lower as did major government bonds. ... http://www.brazilsun.com/index.php/sid/214633209/scat/810aad60e2faf4cc Mon, 20 May 2013 09:16:18 -0400 http://www.brazilsun.com/index.php/sid/214633209/scat/810aad60e2faf4cc NEW YORK | Mon May 20, 2013 9:03am EDT NEW YORK May 20 (Reuters) - Plains Exploration and Production Co : * Shares up 7 percent in premarket trade after dividend ... http://www.brazilsun.com/index.php/sid/214634003/scat/810aad60e2faf4cc Mon, 20 May 2013 09:03:55 -0400 http://www.brazilsun.com/index.php/sid/214634003/scat/810aad60e2faf4cc The government of Congo Kinshasa (DRC) has suspended the highly controversial oil exploration programme in the unique Virunga National Park, a World Heritage ... http://www.brazilsun.com/index.php/sid/214632044/scat/810aad60e2faf4cc Mon, 20 May 2013 08:04:06 -0400 http://www.brazilsun.com/index.php/sid/214632044/scat/810aad60e2faf4cc PRECIOUS coloured gem miner Richland Resources announced in its first quarter for the year a tanzanite output of 788,198 carats with an average grade of 97 carats per tonne, reports The Telegraph. This was an improvement over the same period last year when the company extracted 533,400 carats with an average grade of 51 carats, although, a slight decrease from the last quarter of 2011. ... http://www.brazilsun.com/index.php/sid/214630878/scat/810aad60e2faf4cc Mon, 20 May 2013 07:14:25 -0400 http://www.brazilsun.com/index.php/sid/214630878/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – London- and Nasdaq-listed Randgold Resources has entered into an unsecured $200-million revolving credit facility with bankers HSBC, Barclays, Citibank and Standard Chartered, for "general corporate purposes". HSBC acted as the sole bookrunner on the facility with the other banks acting as mandated lead arrangers. "Funds from this ... http://www.brazilsun.com/index.php/sid/214629348/scat/810aad60e2faf4cc Mon, 20 May 2013 06:41:13 -0400 http://www.brazilsun.com/index.php/sid/214629348/scat/810aad60e2faf4cc Jurisdiction risk continues to grow as a result of countries attempting to capitalize on higher commodity prices says Thibaut Lepouttre, editor of Belgium's Caesars Report. A Gold Report ... http://www.brazilsun.com/index.php/sid/214629248/scat/810aad60e2faf4cc Mon, 20 May 2013 06:41:08 -0400 http://www.brazilsun.com/index.php/sid/214629248/scat/810aad60e2faf4cc Wildlife viewing specialist Wild Planet Adventures (WPA) spent five years creating the best possible opportunities to see rare and exotic wildlife in a destination facing some of the fastest deforestation in the world. The result is the 12-day Borneo -- Weird and Wonderful Wildlife with eight departures beginning in March 2013. "This trip crystallizes our style of meaningful encounters ... http://www.brazilsun.com/index.php/sid/214629349/scat/810aad60e2faf4cc Mon, 20 May 2013 06:15:01 -0400 http://www.brazilsun.com/index.php/sid/214629349/scat/810aad60e2faf4cc PERTH (miningweekly.com) – ASX-listed Apex Mineral on Monday announced that it had terminated the memorandum of understanding (MoU) with Everprosperity Investment for the sale of its Wiluna gold mine, in Western Australia. Apex had agreed to a 60-day extension of the due diligence period, on the payment of $250 000 by May 19. However, the company told shareholders that the deadline was ... http://www.brazilsun.com/index.php/sid/214628474/scat/810aad60e2faf4cc Mon, 20 May 2013 05:45:12 -0400 http://www.brazilsun.com/index.php/sid/214628474/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Minerals explorer Minotaur Exploration and its subsidiary Minotaur Gold Solutions on Monday entered into a sales and purchase agreement with fellow-listed Breakaway Resources to buy the Scotia project, in Western Australia. The Scotia project consists of 14 tenements and is prospective for both nickel and gold. Under the terms of the agreement, Minotaur ... http://www.brazilsun.com/index.php/sid/214628475/scat/810aad60e2faf4cc Mon, 20 May 2013 05:45:01 -0400 http://www.brazilsun.com/index.php/sid/214628475/scat/810aad60e2faf4cc PERTH (miningweekly.com) – ASX-listed junior Potash Minerals has declared a maiden Joint Ore Reserves Committee (Jorc) compliant resource of 902-million tons, grading 20% potassium chloride at its Hatch Point project, in the US. The mineral resource estimate was defined on less than 20% of the 405 ... http://www.brazilsun.com/index.php/sid/214628476/scat/810aad60e2faf4cc Mon, 20 May 2013 05:44:58 -0400 http://www.brazilsun.com/index.php/sid/214628476/scat/810aad60e2faf4cc to the roll of CEO, effective immediately. Stephens is a qualified geologist with more than 30-years experience in the resources sector, and has held a number of board and senior management positions. He was also previously employed as the MD and CEO of ASX-listed Arafura Resources between 2004 and 2009, and was responsible for growing the company’s market capitalisation from ... http://www.brazilsun.com/index.php/sid/214628477/scat/810aad60e2faf4cc Mon, 20 May 2013 05:44:48 -0400 http://www.brazilsun.com/index.php/sid/214628477/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has awarded a A$15.4-million contract to fellow-listed Viento Group for the Solomon tailing storage facility. Construction of the facility was expected to start this month, and would likely be completed by late September. The Solomon project consists of the Firetail and Kings mines, which would have a combined 60-million ton a ... http://www.brazilsun.com/index.php/sid/214628478/scat/810aad60e2faf4cc Mon, 20 May 2013 05:44:47 -0400 http://www.brazilsun.com/index.php/sid/214628478/scat/810aad60e2faf4cc PERTH (miningweekly.com) – The Western Australian Environmental Protection Authority (EPA) has given its blessing to ASX-listed Iron Ore Holdings (IOH) to develop an iron-ore export facility near Dampier. The multi-user port would include a 1.5 km trestle jetty, a 20-million ton a year stockyard, a permanent desalination plant, an access road corridor to the North Coast highway, office ... http://www.brazilsun.com/index.php/sid/214626947/scat/810aad60e2faf4cc Mon, 20 May 2013 04:50:11 -0400 http://www.brazilsun.com/index.php/sid/214626947/scat/810aad60e2faf4cc PERTH (miningweekly.com) – The directors of lithium miner Galaxy Resources have appealed to shareholders to take part in the proposed A$47-million capital raising to fund the ramp-up of its Jiangsu plant, in China. In January this year, Galaxy lost a A$66.2-million investment from the East China Mineral Exploration & Development Bureau (ECE) after a November incident at the Jiangsu ... http://www.brazilsun.com/index.php/sid/214626948/scat/810aad60e2faf4cc Mon, 20 May 2013 04:50:06 -0400 http://www.brazilsun.com/index.php/sid/214626948/scat/810aad60e2faf4cc With the recent weakness in metals prices - and in particular for gold - exploration activity has seen a big decline with precious metals the major affected ... http://www.brazilsun.com/index.php/sid/214626949/scat/810aad60e2faf4cc Mon, 20 May 2013 04:50:05 -0400 http://www.brazilsun.com/index.php/sid/214626949/scat/810aad60e2faf4cc Naomi Klein on disaster capitalism August 18 - In the most recent segment of his interview, The Real News senior editor Paul Jay discusses disaster capitalism with Naomi Klein, author of The Shock Doctrine. Using the current high oil prices as an example, Klein explains that disaster capitalism is what she calls the ideological political strategy in which politicians use disasters to help ... http://www.brazilsun.com/index.php/sid/214626950/scat/810aad60e2faf4cc Mon, 20 May 2013 04:21:06 -0400 http://www.brazilsun.com/index.php/sid/214626950/scat/810aad60e2faf4cc Riverkeeper Calls on Governor to Declare new York City Watershed Off-Limits to Natural Gas Drilling NEW YORK - August 8 - At a press conference with Queens City Councilman Gennaro today, Riverkeeper called on Governor Paterson to designate the New York City Watershed ... http://www.brazilsun.com/index.php/sid/214626951/scat/810aad60e2faf4cc Mon, 20 May 2013 04:20:58 -0400 http://www.brazilsun.com/index.php/sid/214626951/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Investment firm Quantum Pacific Capital on Monday laid out its plans for gaining back control of the Tujuh Bukit project, which Intrepid Mines lost last year, proposing a new board and renegotiating with the project owners. PT Indo Multi Niaga and its successor company PT Bumi Sukses Indo (BSI) evicted Intrepid from the Tujuh Bukit copper/gold project, which is ... http://www.brazilsun.com/index.php/sid/214626112/scat/810aad60e2faf4cc Mon, 20 May 2013 03:55:43 -0400 http://www.brazilsun.com/index.php/sid/214626112/scat/810aad60e2faf4cc PERTH (miningweekly.com) – South Africa-focused coal explorer and developer ZYL said on Monday it would would launch a review of all its assets as it moved to progress to a company with operational mines. Non-executive ... http://www.brazilsun.com/index.php/sid/214626113/scat/810aad60e2faf4cc Mon, 20 May 2013 03:55:41 -0400 http://www.brazilsun.com/index.php/sid/214626113/scat/810aad60e2faf4cc KOLKATA (miningweekly.com) – The provincial government of Orissa’s move to limit mining lease renewals only for captive mining would result in a death knell for independent mining, while downstream users would be starved of raw material, industry experts said. A group of independent industry leaders, with interests in the east Indian mineral rich province, under banner of Think ... http://www.brazilsun.com/index.php/sid/214626114/scat/810aad60e2faf4cc Mon, 20 May 2013 03:55:40 -0400 http://www.brazilsun.com/index.php/sid/214626114/scat/810aad60e2faf4cc The National Association of Automobile Manufacturers of South Africa (Naamsa) has described 2012 as a year of "relatively solid growth" and initial estimations by the association place turnover in the new-vehicle market at about R182-billion, marking an 11% increase on the previous year’s turnover. New-vehicle export sales added a further estimated R52-billion to industry revenue ... http://www.brazilsun.com/index.php/sid/214626115/scat/810aad60e2faf4cc Mon, 20 May 2013 03:55:38 -0400 http://www.brazilsun.com/index.php/sid/214626115/scat/810aad60e2faf4cc TOKYO – Japan will provide $2-billion worth of financial support over five years to back Japanese firms' resources development projects in Africa, media reported on Saturday. Japan's Trade ... http://www.brazilsun.com/index.php/sid/214626116/scat/810aad60e2faf4cc Mon, 20 May 2013 03:55:37 -0400 http://www.brazilsun.com/index.php/sid/214626116/scat/810aad60e2faf4cc LOS ANGELES (MarketWatch) -- Gold futures dropped Monday, facing an eighth straight session of losses, with data showing an increase in bearish bets on the precious metal, while silver futures were on track for their steepest decline in a ... http://www.brazilsun.com/index.php/sid/214626058/scat/810aad60e2faf4cc Mon, 20 May 2013 03:55:17 -0400 http://www.brazilsun.com/index.php/sid/214626058/scat/810aad60e2faf4cc Dodoma - THE Minister for Energy and Minerals, Prof Sospeter Muhongo, has said the government will open bids for gas and oil exploratory licences on May 9, 2014 at a time when the country will have the Natural Gas Policy and legislation. He told Members of Parliament here during a seminar on the sector that it would be ready after Parliament would have approved both policy and legislation. He ... http://www.brazilsun.com/index.php/sid/214626117/scat/810aad60e2faf4cc Mon, 20 May 2013 03:33:56 -0400 http://www.brazilsun.com/index.php/sid/214626117/scat/810aad60e2faf4cc Construction giant Leighton Holdings says it's not concerned about the recent woes of mining services companies due to its diverse business interests and cyclical nature of the industry.Mining services companies WorleyParsons and UGL both issued significant profit downgrades last week due to the slowdown in investment in the resources sector in Australia due to lower commodity prices.But ... http://www.brazilsun.com/index.php/sid/214625076/scat/810aad60e2faf4cc Mon, 20 May 2013 03:05:17 -0400 http://www.brazilsun.com/index.php/sid/214625076/scat/810aad60e2faf4cc The New Zealand government introduced a bill aiming to simplify the tax treatment of foreign superannuation and mining to the New Zealand Parliament on Monday, as part of a drive to rationalize its tax system."The current rules for taxing New Zealand residents on their foreign superannuation are complex and can be difficult to understand," said Revenue Minister Peter Dunne in a ... http://www.brazilsun.com/index.php/sid/214625077/scat/810aad60e2faf4cc Mon, 20 May 2013 02:59:20 -0400 http://www.brazilsun.com/index.php/sid/214625077/scat/810aad60e2faf4cc China had collected all the data needed to draw its first full map of the moon surface and was almost done with the mapping work, Sun Jiadong, the chief designer of the country's Chang'e -1 lunar probe has ... http://www.brazilsun.com/index.php/sid/214625141/scat/810aad60e2faf4cc Mon, 20 May 2013 02:31:19 -0400 http://www.brazilsun.com/index.php/sid/214625141/scat/810aad60e2faf4cc On behalf of the Board of Galaxy Resources Limited, we would like to provide an update of your Company and its capital raising plans. We have launched a 1 for 1 pro rata entitlement issue ... http://www.brazilsun.com/index.php/sid/214624537/scat/810aad60e2faf4cc Mon, 20 May 2013 02:01:06 -0400 http://www.brazilsun.com/index.php/sid/214624537/scat/810aad60e2faf4cc Hundreds of open cast mineworkers were laid off and left with unpaid wages last month, following the collapse of Scottish Coal, the largest surviving mine operator in Scotland. Of the company's 758 workers, all but 142 have been made redundant. The company operates six open pit mines in East Ayrshire, South Lanarkshire and Fife. Scottish Coal was one of the private operators the emerged from ... http://www.brazilsun.com/index.php/sid/214623830/scat/810aad60e2faf4cc Mon, 20 May 2013 01:25:16 -0400 http://www.brazilsun.com/index.php/sid/214623830/scat/810aad60e2faf4cc Nairobi - Mining Secretary Najib Balala on Friday assumed office with a promise to repeal the current mining law. Speaking to reporters at his new office situated at the former Public Works headquarters in Community, Balala described the current Act as archaic saying it does not deal with many concerns in the mining sector. He stated that the focus of the new law will be to ensure that all ... http://www.brazilsun.com/index.php/sid/214623847/scat/810aad60e2faf4cc Mon, 20 May 2013 00:55:43 -0400 http://www.brazilsun.com/index.php/sid/214623847/scat/810aad60e2faf4cc After a delay of more than a year, Rio Tinto PLC has received environmental approval for a US$1 billion-plus bauxite mining project in northeastern Australia, although it must meet conditions imposed by the government aimed at protecting marine wildlife and the Great Barrier Reef from shipping. Federal Environment Minister Tony Burke Wednesday said he was satisfied that with strict conditions ... http://www.brazilsun.com/index.php/sid/214623887/scat/810aad60e2faf4cc Mon, 20 May 2013 00:50:08 -0400 http://www.brazilsun.com/index.php/sid/214623887/scat/810aad60e2faf4cc reports the British Broadcasting Corporation . After a technical study by the International Seabed Authority,the UN body managing the new industry, said companies could apply for mining licences as soon as 2016. To date, the ISA has issued 17 exploration permits and another seven are in the works. A spokesman told the BBC there has been an unprecedented surge in interest from both private and ... http://www.brazilsun.com/index.php/sid/214622772/scat/810aad60e2faf4cc Sun, 19 May 2013 23:21:13 -0400 http://www.brazilsun.com/index.php/sid/214622772/scat/810aad60e2faf4cc Chinese spot alumina price ex-works Henan slipped further on Tuesday to Yuan 2,530/mt ($408/mt) at 30% credit payment terms, down another Yuan 10/mt from Monday, after dropping Yuan 10/mt Thursday. Cash prices were also pegged lower at around Yuan 2,500/mt, compared with a previous 2,520-2,530/mt. Henan refiners said offers remained at Yuan 2,540-2,550/mt, but admitted that trades could not be ... http://www.brazilsun.com/index.php/sid/214622316/scat/810aad60e2faf4cc Sun, 19 May 2013 22:11:50 -0400 http://www.brazilsun.com/index.php/sid/214622316/scat/810aad60e2faf4cc Australia Australia is sharing some of its historical lessons about mining's impact on development at an international conference in Sydney.The conference has been organised by the International Mining for Development Centre, an academic centre based at both the University of Queensland and the University of Western Australia.The centre's director Ian Satchwell says, while mining can ... http://www.brazilsun.com/index.php/sid/214621738/scat/810aad60e2faf4cc Sun, 19 May 2013 21:40:49 -0400 http://www.brazilsun.com/index.php/sid/214621738/scat/810aad60e2faf4cc The National Union of Mineworkers in South Africa said Sunday it's looking for wage increases up to 60% more than current levels from gold and coal ... http://www.brazilsun.com/index.php/sid/214621760/scat/810aad60e2faf4cc Sun, 19 May 2013 21:35:13 -0400 http://www.brazilsun.com/index.php/sid/214621760/scat/810aad60e2faf4cc Ghana's government has created a task force to fight illegal gold and diamond mining in the country. The president blamed the illegitimate practice for costing the country millions of dollars in lost revenue due to the environmental ... http://www.brazilsun.com/index.php/sid/214621761/scat/810aad60e2faf4cc Sun, 19 May 2013 21:35:13 -0400 http://www.brazilsun.com/index.php/sid/214621761/scat/810aad60e2faf4cc Offer prices for high carbon ferrochrome imported into China were relatively stable on Friday but could face downward pressure going forward due to weak demand and rising supply, market participants said. The spot price of Indian-origin high carbon ferrochrome was assessed unchanged at 88-90 cents/lb CFR main China ports Friday on a lack of price indications in the market. Offers for ... http://www.brazilsun.com/index.php/sid/214621763/scat/810aad60e2faf4cc Sun, 19 May 2013 21:21:20 -0400 http://www.brazilsun.com/index.php/sid/214621763/scat/810aad60e2faf4cc Combined coal stocks held by six major power generation companies, in eastern and southern China, averaged 15.708 million mt in the week ended Tuesday, down 0.7% from the previous week, Qinhuangdao Port said in a weekly report on Thursday. The stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng will be able to last for an average 24 days of ... http://www.brazilsun.com/index.php/sid/214621764/scat/810aad60e2faf4cc Sun, 19 May 2013 21:21:18 -0400 http://www.brazilsun.com/index.php/sid/214621764/scat/810aad60e2faf4cc THE voting intentions of more than half the residents across three federal Hunter seats would be influenced by a party's support for mining, and nearly three-quarters rate the industry as important to the region's economic future, polling ... http://www.brazilsun.com/index.php/sid/214621196/scat/810aad60e2faf4cc Sun, 19 May 2013 21:02:16 -0400 http://www.brazilsun.com/index.php/sid/214621196/scat/810aad60e2faf4cc (MENAFN - ProactiveInvestors - Australia) Ikwezi Mining (ASX:IKW), which is targeting coal production this September, has increased its resources at its 70%-owned Ntendeka Colliery in South Africa by over 33% with total resources up to 294 million tonnes from 221 million tonnes. Apart from the resource upgrade, it has also boosted its reserves to 16 million tonnes from 14 million tonnes, which ... http://www.brazilsun.com/index.php/sid/214621151/scat/810aad60e2faf4cc Sun, 19 May 2013 20:57:09 -0400 http://www.brazilsun.com/index.php/sid/214621151/scat/810aad60e2faf4cc (MENAFN - ProactiveInvestors - Australia) GB Energy (ASX:GBX) has been granted exploration licence EL 5231 on the Stuart Shelf by the South Australian Department of Manufacturing, Trade, Resources and Energy.EL 5231 covers 945 square kilometres of the Stuart Shelf, an area on the northeast margin of the Gawler Craton identified by Geoscience Australia as highly prospective for Iron Oxide Copper ... http://www.brazilsun.com/index.php/sid/214621197/scat/810aad60e2faf4cc Sun, 19 May 2013 20:57:07 -0400 http://www.brazilsun.com/index.php/sid/214621197/scat/810aad60e2faf4cc (MENAFN - ProactiveInvestors - Australia) Truscott Mining (ASX: TRM) is raising up to 500,000 for research and development as well as exploration activities on its gold tenements in the Northern Territory.The funds will be raised through a Share Purchase Plan that enables shareholders to purchase between 2,000 and 15,000 worth of new shares.These will be priced at a 15% discount the average ... http://www.brazilsun.com/index.php/sid/214621152/scat/810aad60e2faf4cc Sun, 19 May 2013 20:57:06 -0400 http://www.brazilsun.com/index.php/sid/214621152/scat/810aad60e2faf4cc (MENAFN - ProactiveInvestors - Australia) Ashburton Minerals (ASX: ATN) have risen 33.3% today to 0.004 with more than 6.6 million shares trading hands.The company had yesterday noted it had found drill targets from survey data collected over its Mt Andrew project located in the Fraser Range region of Western Australia.Modelling of VTEMmax identified a 500 metre by 200 metre conductor located 50 ... http://www.brazilsun.com/index.php/sid/214621198/scat/810aad60e2faf4cc Sun, 19 May 2013 20:57:05 -0400 http://www.brazilsun.com/index.php/sid/214621198/scat/810aad60e2faf4cc (MENAFN - ProactiveInvestors - Australia) Fraser Range Metals Group (ASX: FRN) has secured a convertible loan facility worth 200,000. The new facility will be used to fund ongoing exploration and working capital.The terms of the facility include a 5% establishment fee and interest at the rate of 10% per annum.The lenders under the facility are unrelated parties and the repayment date is 15 ... http://www.brazilsun.com/index.php/sid/214621199/scat/810aad60e2faf4cc Sun, 19 May 2013 20:57:04 -0400 http://www.brazilsun.com/index.php/sid/214621199/scat/810aad60e2faf4cc LOS ANGELES (MarketWatch) - Australian stocks rose Monday, a stronger start for the benchmark index as banking and mining issues posted gains. The S&P/ASX ... http://www.brazilsun.com/index.php/sid/214621155/scat/810aad60e2faf4cc Sun, 19 May 2013 20:40:39 -0400 http://www.brazilsun.com/index.php/sid/214621155/scat/810aad60e2faf4cc Haiti's government is revising its outdated mining laws with help from the World Bank. The bank said in a brief statement it is supporting the government so it can develop mining in the country's northeastern ... http://www.brazilsun.com/index.php/sid/214620075/scat/810aad60e2faf4cc Sun, 19 May 2013 19:03:32 -0400 http://www.brazilsun.com/index.php/sid/214620075/scat/810aad60e2faf4cc MANILA, Philippines--Getting one's voice heard in this day and age can be a challenge, especially when there is a multitude of voices in society speaking loudly and frequently. For individuals, especially from the marginalized sectors of society, getting policymakers to hear one's concerns--when there are a multitude of concerns to be addressed simultaneously--is especially difficult. ... http://www.brazilsun.com/index.php/sid/214619501/scat/810aad60e2faf4cc Sun, 19 May 2013 18:25:43 -0400 http://www.brazilsun.com/index.php/sid/214619501/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214623322/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214623322/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214622315/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214622315/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214622773/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214622773/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214619524/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214619524/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214619523/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214619523/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214620596/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214620596/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214620076/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214620076/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214621762/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214621762/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214621200/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214621200/scat/810aad60e2faf4cc GOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ... http://www.brazilsun.com/index.php/sid/214623886/scat/810aad60e2faf4cc Sun, 19 May 2013 17:35:24 -0400 http://www.brazilsun.com/index.php/sid/214623886/scat/810aad60e2faf4cc COPPER on the London Metal Exchange (LME) has closed higher, although earlier gains stalled in the European afternoon in a quiet trading session as the US dollar's strength resumed. Meanwhile, the potential ability of warehouse exit queues to affect prices came back into focus with global stockpile shifts showing volatility this month. By the close of open-outcry trading on Friday, copper was ... http://www.brazilsun.com/index.php/sid/214619522/scat/810aad60e2faf4cc Sun, 19 May 2013 17:22:21 -0400 http://www.brazilsun.com/index.php/sid/214619522/scat/810aad60e2faf4cc China's gold bargain hunters suffered losses after the precious metal saw its price slump for seven consecutive trading days as of Friday.The most traded Comex gold contract, for June delivery, dropped 1.6 percent to close at $1,364.70 per ounce Friday, recording $109 losses in price during the last seven sessions. The huge drop may result in almost 10 percent in losses for China's gold ... http://www.brazilsun.com/index.php/sid/214616355/scat/810aad60e2faf4cc Sun, 19 May 2013 12:29:37 -0400 http://www.brazilsun.com/index.php/sid/214616355/scat/810aad60e2faf4cc LONDON (Reuters) - Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's ... http://www.brazilsun.com/index.php/sid/214615926/scat/810aad60e2faf4cc Sun, 19 May 2013 12:17:48 -0400 http://www.brazilsun.com/index.php/sid/214615926/scat/810aad60e2faf4cc On Saturday, weekend beach-goers and environmental activists joined hands along Miami Beach to take a stand against the U.S. dependence on oil and to promote clean energy resources. ... http://www.brazilsun.com/index.php/sid/214615395/scat/810aad60e2faf4cc Sun, 19 May 2013 11:24:27 -0400 http://www.brazilsun.com/index.php/sid/214615395/scat/810aad60e2faf4cc THE Ministry of Mines and Mining Development says it is in a dilemma over how to deal with some Chinese nationals who are carrying out mining activities without licences and destroying the environment. Deputy mines minister, Gift Chimanikire said some Chinese nationals were illegally carrying out mining activities. He said the Chinese claimed they had been given the green light to do so by the ... http://www.brazilsun.com/index.php/sid/214615371/scat/810aad60e2faf4cc Sun, 19 May 2013 11:19:12 -0400 http://www.brazilsun.com/index.php/sid/214615371/scat/810aad60e2faf4cc The Zhengzhou Commodity Exchange (ZCE), one of China's three futures exchanges, may introduce trading of thermal coal futures later than expected thanks to contract design problems, the China Energy News reported Sunday, citing an insider close to the matter.The ZCE modified the contract after exchange officials realized that they had overlooked blending practices routinely employed by ... http://www.brazilsun.com/index.php/sid/214614813/scat/810aad60e2faf4cc Sun, 19 May 2013 09:58:16 -0400 http://www.brazilsun.com/index.php/sid/214614813/scat/810aad60e2faf4cc The high production and labor costs of accessing deep coal reserves, federal regulation, and competition from natural gas and western coal mining has crippled the Appalachian coal ... http://www.brazilsun.com/index.php/sid/214614545/scat/810aad60e2faf4cc Sun, 19 May 2013 09:52:29 -0400 http://www.brazilsun.com/index.php/sid/214614545/scat/810aad60e2faf4cc SOG ) announced last night that the well operator in the Shemen license had notified the company that measures taken in the Yam 3 well's borehole to deal with the high pressure, which had halted drilling in the upper gas-bearing strata, had been successfully completed. The operator notified its partners in the license that it will continue drilling using an alternative engineering layout, ... http://www.brazilsun.com/index.php/sid/214613853/scat/810aad60e2faf4cc Sun, 19 May 2013 08:17:03 -0400 http://www.brazilsun.com/index.php/sid/214613853/scat/810aad60e2faf4cc