Marange – Zimbabwe rough diamonds Washington (SAPA) – A UN-mandated global watchdog on Friday agreed to end year-long monitoring controls on Zimbabwe’s diamond trade, after it found the government had allayed concerns over its Marange mines.
Like its peers, Rio Tinto has been cutting costs, reviewing other projects and closing coal mines in Australia due to depressed commodity prices, high costs and the strong Australian dollar. MELBOURNE/SYDNEY, 29 Nov 2012 (Reuters) – Rio Tinto aims to axe $7 billion in costs over the next two years and sell more assets to cushion against weaker commodity prices, while at the same time beefing up output in its lucrative iron ore business.
Jim Sinclair to focus on Kabanga metal belt in Tanzania with new exploration company owned by TNX. SEATTLE, WA, 30 Nov 2012 (MINEWEB) – Tanzanian Royalty Exploration (TSX: TNX), headed up by mineral exploration entrepreneur Jim Sinclair, said it was creating a new company that would explore Tanzania’s Kabanga metal belt for nickel, cobalt and platinum group metals (PGM).
WASHINGTON (Reuters) – On Thursday, 30 Nov 2012 Barney Frank and fellow Massachusetts Democrat Michael Capuano introduced a bill that seeks to combine the SEC and CFTC.
While some suggest First Quantum Minerals may not want to engage in a hostile takeover of Canadian copper miner Inmet, additional offers could be forthcoming from other companies. First Quantum Minerals confirmed Thursday that it had approached Inmet Mining on October 28th “on a friendly basis to discuss a possible combination of the two mining companies.
WASHINGTON, 1er décembre (Reuters) – Nancy Pelosi, chef de file de la minorité démocrate à la Chambre, a annoncé vendredi son intention de lancer une pétition pour réclamer un vote de la Chambre sur les impôts, que refuse la majorité républicaine.
johannesburg (Osisa.org) – The capture of Goma by M23 rebel forces is the latest demonstration of the ineffectiveness of the government of the Democratic Republic of Congo (DRC) and its army (the FARDC). Whatever the political machinations behind the military’s most recent capitulation may be, the overarching themes are the longstanding institutional and governance weaknesses of Congo’s central authorities – weaknesses that the Southern Africa Resource Watch (SARW) has highlighted multiple times in its reports and analyses.
PARIS (Reuters) – Le gouvernement français a annoncé vendredi soir un accord avec ArcelorMittal sur l’avenir de Florange, évitant ainsi d’avoir à exécuter sa menace de nationalisation du site sidérurgique mosellan. Le Premier ministre a annoncé que le géant de l’acier acceptait d’investir 180 millions d’euros sur cinq ans dans la partie transformation de l’acier de Florange, mais les hauts-fourneaux du site ne seront pas rallumés.
