China says Ghana's arrest of its miners will not harm relations

China is determined that its relations with Ghana will not be undermined by the arrest of some 200 Chinese illegal gold miners in a crackdown by Ghanaian authorities, a senior Beijing Foreign Ministry official said on Tuesday. The arrests are a...

Brazil mine bill proposes doubling top royalty to 4%

Brazil, a major producer of iron-ore, gold, copper and other metals, unveiled a long-awaited bill to reform its 46-year-old mining code on Tuesday, proposing a doubling of the current top royalty rate and stricter rules for opening new mines....

Indonesia may decide this week on Freeport mine operations-minister

Indonesia's government may decide this week on whether to allow Freeport McMoRan Copper and Gold Inc to resume open-pit mining, the Minister of Energy and Mineral Resources said on Tuesday, five weeks after a tunnel collapse killed 28 workers....

Insecurity in Congo copper province a 'serious concern' -UN

Security in Congo's copper-mining heartland of Katanga is a "very serious concern" that must be tackled politically and militarily, the outgoing head of the UN peackeeping mission said on Monday. The province, which sits on some of the world's...

Angola LNG starts exports, first cargo sails to Brazil

Angola's much-delayed liquefied natural gas (LNG) project has started exports, with the first cargo shipped to Brazil on Sunday, the Angola LNG venture said in a statement. The $10-billion plant was initially due to start exports 18 months ago,...

China takes cautious step towards carbon emissions trading

China launched its first pilot carbon emissions exchange on Tuesday, though plans for a nationwide roll out and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world's No.2 economy....

Peru protesters push to stop $5bn Newmont mine project

Thousands of opponents of a $5-billion gold project of Newmont Mining circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining it to make way for Peru's most expensive mine. Lake Perol is one of several...

Israel Chemicals challenges plan to review royalties

Israel Chemicals, which has an exclusive permit to extract minerals from the Dead Sea, challenged a government proposal on Monday to review state policy on royalties. Eitan Sheshinski, an Israeli economist who played a leading role in revising...

Resource companies ripping off Africa – AfDB chief

Developed world mining and energy companies operating in Africa should pay more taxes to help the world's poorest continent climb out of poverty, the president of the African Development Bank said on Sunday. "The reality is, Africa is being ripped...

Rio Tinto surprises US high-grade market with 5-part deal

Rio Tinto raised $3-billion from a four-part deal on Friday, reviving some of the issuance momentum in the US high-grade primary market that has been missing in recent weeks. The mining giant's transaction, along with two others that made for an...