Major mining companies on buying spree for assets "A little more than two years ago, the co-founders of a small Canadian mining company unearthed a gold and silver deposit in southeastern Ecuador that industry experts believe is the most significant discovery in at least a decade." More | August 11
Bolivian President Evo Morales' policies Buoyed by a landslide recall election vote, Bolivian President Evo Morales aims to push through major constitutional reforms in early 2009, but it will likely deepen an acrimonious dispute with rightist provincial governors demanding autonomy from his central government. More | August 11
One-day strike could bring South Africa to a halt "Thousands of South African workers are expected to down tools in a national strike on Wednesday, bringing Africa's biggest economy to a standstill in a protest against rising electricity, food and fuel prices.
The nearly 2 million-strong Congress of South African Trade Unions (COSATU), an ally of the ruling ANC party, says the one-day walkout will be a warning to employers who may want to sack workers because of a downturn in profits due to a power supply crisis." More | August 05
Congo mining revenues rise, but so do miners' costs "Measures to fight mineral export fraud have boosted Congo's income from copper and cobalt mining this year, but red tape and higher local taxes are driving up costs for companies, industry officials said." More | July 29
Zambia's Kansanshi mine pays $30 mln in new windfall tax "Zambia copper producer Kansanshi Mining Plc has paid a total of $30 million to the Treasury in the first major payment by a foreign mining firm of a new windfall tax introduced in April, state radio said on Friday." More | July 25
South African workers protest, mines halted "Thousands of striking South African workers brought mines and businesses to a halt on Wednesday across four provinces to protest against a jump in electricity, food and fuel prices." More | July 23
S.Africa's Eskom sees no winter power cuts "State-owned power utility Eskom [ESCJ.UL] said on Thursday it was confident South Africa could get through the winter months without power cuts.
South Africa's electricity grid nearly collapsed in January as Eskom battled to meet demand in Africa's biggest economy. The country's gold and platinum mines were shut for five days by the power crisis, sending metals prices soaring on world markets." More | July 17
FEATURE-Riches trump risk for Honduran gold miners "In the mountains of southern Honduras, hundreds of small-scale miners are scraping out tiny quantities of increasingly precious gold but their fervour could be threatening their lives and the environment." More | July 15
Miners vs multinationals: Ghana on front-line "The illegal miners had left their mark. Tools, explosives, sacks and ropes lay beside chopped power cables some 2,300 ft below ground in AngloGold Ashanti's Obuasi mine in Ghana.
They had chiseled off anything they suspected might conceal gold ore, including support structures like shaft pillars." More | July 15
High gold price swells ranks of illegal miners "Poor men and women in Ghana, ex-militia fighters in steamy eastern Congo and farmers in Peru are among those joining the ranks of illegal miners and risking their lives as they seek to profit from soaring gold prices." More | July 14
Indonesia to renegotiate mine contracts to raise income "Indonesia plans to renegotiate existing mining contracts to seek more revenue for the country, the country's energy minister said on Thursday, a move analysts said would hurt investment in the mining sector." More | July 03
Canada junior miners seen more prone to takeover "Tight credit conditions are keeping exploration-stage Canadian mining companies from raising capital, a development that could lead to more takeovers from larger players, according to a study released on Wednesday." More | July 02
SAfrican miners union sets August 6 strike date "South Africa's biggest miners union said on Wednesday it would down tools on August 6 in a national strike that could halt production in the world's biggest source of platinum and major gold producer." More | July 02
Ecuador mine law to have community input, no veto "Ecuador's new mining law will call for community consultation over projects but villagers will not have veto powers to shut them down, Mining Minister Galo Chiriboga said Monday." More | June 30
Peru unions say joining nationwide mining strike "Peruvian workers were joining a nationwide mining strike on Monday that labor leaders started to pressure Congress to pass a bill that would improve labor benefits.
The walkout in Peru -- the world's leading silver producer and second-largest copper and zinc miner -- will also test President Alan Garcia at a time when he is losing sway in Congress. He has tried to persuade legislators to approve the labor bill, but has so far failed." More | June 30
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News Impacting Mining
Saturday, March 25th: Bob Chapman, International Forecaster 