The Mongolian government will seek to accelerate the timetable to increase its stake in the country's giant Oyu Tolgoi copper-gold project to 50 percent, Mining Minister Dashdorj Zorigt said on Sunday.
Global mining giant Rio Tinto will respond to any request from the Mongolian government to discuss its investment in the country's giant Oyu Tolgoi copper-gold deposit, but still expects the original 2009 agreement to be honoured.
Namibia's Mineworkers Union of Namibia (MUN) on Wednesday served Rio Tinto's Rossing uranium mine with a strike notice after failing to reach a deal in talks over output incentives, with a stoppage expected to start on Friday.
The Mongolian government is discussing possible changes to a 2009 investment agreement for its massive copper-gold deposit at Oyu Tolgoi, media reports quoted the country's Finance Minister S. Bayartsogt as saying on Tuesday.
Guinea is launching a comprehensive review of mining contracts to root out 'unconscionable provisions' granted by previous administrations in the West African state, Mines Minister Mohamed Lamine Fofana told Reuters.
Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35% and toughens procedures for acquiring development permits, the government said on Saturday.
Investors were cautious on Monday on the prospect of rivals challenging Peabody Energy's (BTU.N) bid for Macarthur Coal (MCC.AX), though sources familiar with the matter said potential suitor Anglo American (AAL.L) was studying the books.
Zimbabwe has reduced penalties for foreign companies that violate a government mandate to sell a majority of their shares to locals, according to a government notice obtained on Thursday.
President Robert Mugabe said on Monday Zimbabwe would punish firms from Western states who have slapped sanctions on senior officials in his ZANU-PF party, warning that global miners including Rio Tinto could be hit.
Chinese smelters expect supplies of copper concentrate to rise as early as late 2012, paving the way for higher charges, as neighbouring Mongolia's Oyu Tolgoi copper and gold mine starts to come onstream, industry sources said on Tuesday.
The Rio Tinto, a 100 km long river in Southern Spain that originates in the Sierra Morena mountains of Andalusia.
According to various reports, Gina Rinehart, an Australian mining executive, is one the verge of becoming the richest person on the planet.
NASA, European Space Agency test out some Mars space gear in Antarctica and Spain respectively.
The Australian share market shrugged off negative sentiment in early trading on Monday, to close slightly higher as the big banks made up for softness in the resources sector. At the close, the benchmark S&P/ASX200 index had risen 9.8 points, or 0.2 per cent, to 4861.9 points, while the broader All Ordinaries index had gained 6.1 points, or 0.12 per cent, to 4945.4 points.
The intense global interest in Canada's resource sector will drive the Canadian dollar even higher.
The Australian share market closed higher for a sixth consecutive trading day with activity subdued after the Reserve Bank (RBA) left interest rates unchanged.
The Australian stock market closed higher on Friday on stronger international oil prices and as investors looked past overseas negatives to forthcoming economic data from the United States.
Report that a containment system at the bottom of Unit 2 reactor at Fukushima Daiichi has been breached saw uranium companies' shares to tank on the bourses.
Tata Steel, the world's No. 7 steelmaker, has raised its stake in Riversdale Mining to more than 27 percent, making it harder for miner Rio Tinto to seal its $3.9 billion bid for the Mozambique-focused coal miner.
Global miner Rio Tinto (ASX: RIO) has lifted force majeure on its Blair Athol and Kestrel coal mines in Australia's northeast Queensland state but kept it in place for two other mines, Rio said on Thursday.
Australia's Port Hedland, one of the world's largest export terminals for iron ore, reopened on Wednesday following a two-day suspension as a cyclone passed down the western coast, the port's harbourmaster said.
China is likely to fail in its drive for state-owned steel giants to swallow small mills and create iron ore super buyers to wring better prices from leading sellers Vale, Rio Tinto and BHP Billiton.
