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Zimbabwe to Take Over All Foreign-Owned Mining Firms
March 29, 2011
All foreign-owned mining companies in Zimbabwe must sell majority stakes to locals within six months, under new rules released Monday that clouded the nation’s drive for foreign investment. The new rules marked the latest attempt by long-ruling President Robert Mugabe to…
Security Guards Slain at Ithendele Coal Mine in South Africa
March 28, 2011
Six people have been arrested for allegedly shooting dead four security guards at the Ithendele coal mine in the KwaMsane area of KwaZulu-Natal, police said on Sunday. “In the early hours of Saturday, March 26, at about 3 a.m. four security…
Queensland’s Rail Network Re-Opens After Floods
March 28, 2011
The Western railway line reopened today, three months earlier than originally forecast, with the first coal train passing through Toowoomba this morning. Premier Anna Bligh says the reopening of the Western line will reconnect vital freight trains to towns all the…
Shenhua Energy in China Approved For Two Mining Projects
March 28, 2011
China Shenhua Energy company’s subsidiary was approved for two of its mining projects, reports Shanghai Securities News, citing a company filing. Yulin Shenhua Energy, the subsidiary of China Shenhua Energy, currently owns the Yuanjialiang, Guojiawan and Qinglongsi coal mines in Shaanxi…
Northland Signs Agreement with Caterpillar for Kaunisvaara Project Mobile Equipment in Sweden
March 28, 2011
Northland Resources S.A. has signed an agreement with Pon Mining International - Pon Equipment AB for the supply of Caterpillar and Bucyrus mine mobile equipment for the Kaunisvaara Project. The agreements were signed in Pajala by Karl-Axel Waplan, president and CEO…
Barrick Delivers More Than $9 Billion in Economic Value in 2010
March 28, 2011
Barrick Gold Corporation’s role as an engine of economic development is featured in the latest edition of Beyond Borders, which documents the company’s contribution of over $9 billion to the economies of its host countries in 2010. This figure includes local…
China Natural Resources Engages Behre Dolbear to Perform Independent Technical Analyses of Coal Mine
March 28, 2011
China Natural Resources, Inc. has engaged Behre Dolbear Asia, Inc., to perform independent technical analyses of the company’s seven anthracite coal mine properties located in Guizhou Province in the People’s Republic of China. It is anticipated that the analyses will be…
Government of Panama Confirms Commitment to Inmet Mining’s Cobre Panama Project
March 24, 2011
Inmet Mining’s wholly-owned subsidiary Minera Panama, S.A. has received a letter from His Excellency, the Minister of Industry and Commerce, Roberto Henriquez, that clarifies the Government of Panama’s position on the recent repeal of Law 8 of 2011, making it clear…
Dundee Precious Metals Granted Exploration Permit Near Kroumovgrad, Bulgaria
March 24, 2011
Bulgaria’s Government will grant Balkan Mineral and Mining, a unit of Canadian Dundee Precious Metals, a three-year metals exploration permit for southern Bulgaria, the Cabinet’s media office said. The Iran Tepe area, spanning 68 sq кm, covers 18 villages in the…
Colombia’s Transport Ministry Planning PPP for US$1.83 Billion Carare Rail Network
March 24, 2011
Colombia’s transport ministry is drawing up a US $1.83 billion public-private partnership (PPP) project for a rail network to transport coal to ports on the Atlantic, deputy transport minister María Constanza García told BNamericas. The project aims to link the Carare…
