New Kyrgyz mining code ready by July-govt official "A new, investor-friendly mining code for Kyrgyzstan will be enacted by the country's parliament by July, a government official said on Wednesday.
The Central Asian republic, with deposits of gold and coal as well as exotic metals antimony and mercury, wants to take advantage of high metal prices on world markets, and strong demand from neighbouring China." More | May 07
Peru unions say ready for nationwide mining strike "Unions at mines throughout Peru are ready to strike next week to demand better labor benefits, the head of the country's biggest federation of mining unions and local union bosses said on Tuesday." More | May 06
Katanga orders miners to cut power use to 40 pct "Mining and mineral processing companies in Congo's Katanga province, which produces copper and cobalt, have been ordered to sharply cut their use of electric power by reducing operations, a senior official said on Friday." More | May 02
Ecuador mining freeze spurs Canada miner layoffs "Aurelian Resources (ARU.TO: Quote, Profile, Research) said on Tuesday it has laid off most of its workers and suspended drilling activity in Ecuador, and other Canadian mining companies were mulling similar moves following the country's decision to freeze exploration and revoke mining concessions." More | April 29
Anglo says ready to shut mines where safety dictates "Mining group Anglo American (AAL.L: Quote, Profile, Research) (AGLJ.J: Quote, Profile, Research) is ready to continue shutting down mines with poor safety records that lead to worker deaths and injuries, Anglo Chief Executive Cynthia Carroll said on Tuesday." More | April 29
Miners vow to escalate Chile copper strike "Chilean subcontract workers vowed on Friday to escalate a mine strike that has shut three divisions at the world's largest copper miner Codelco and seen workers injured during 10 days of sometimes violent protests." More | April 25
First Quantum sues HSBC Bank Canada over ABCP "Mining company First Quantum Minerals Ltd (FM.TO: Quote, Profile, Research) is suing HSBC Bank Canada for negligence and breach of contract, claiming that the bank recommended investing in asset-backed commercial paper shortly before this market seized up last summer." More | April 21
Ecuador mining law to boost state control in deals "Ecuador wants more royalties and tougher environmental controls over mining firms exploring in the Andean country as part of a new mining law, Mines and Oil Minister Galo Chiriboga said on Monday." More | April 21
Implats in talks to secure electricity at Leeuwkop "South Africa's Impala Platinum (IMPJ.J: Quote, Profile, Research) said on Monday it was in negotiations with state-owned electricity company Eskom about getting long-term power for its Leeuwkop project.
Implats, the world's second-biggest platinum producer, said it had secured electricity from Eskom for the construction phase of the project, and resolving long-term electricity supply would pave the way for building to start." More | April 21
Ecuador's Correa backs large-scale mining freeze "Ecuadorean President Rafael Correa said on Thursday he backs suspending large-scale mining exploration projects while a new mining law is approved to regulate the country's nascent industry." More | April 17
Scarcity and regulation send miners digging for water "Tougher legislation and increasingly scarce supplies are making water a growing cost component for miners who are now seeking new technologies to improve efficiency and seek new water sources." More | April 09
World's biggest copper mine to grow even more "Smoke and debris rocket into the air, then the ground shakes as far as 600 meters away. Seconds later, a boom rings out as explosives pulverize 190,000 tonnes of rock near the base of Chile's Andes mountains." More | April 07
Power crisis to last years if no demand cut-Eskom "South Africa's power crisis could last "many years" unless there is a drop in demand for electricity, the chief executive of state power utility Eskom [ESCJ.UL] said on Wednesday." More | April 02
Zambia introduces higher taxes on foreign miners "Zambia began enforcing a new tax code on Tuesday that will see mining firms pay more in royalties and other taxes despite objections that the government has reneged on tax exemption deals with foreign investors." More | April 01
S.Africa's Eskom says no power outages on Monday "South Africa's power utility Eskom [ESCJ.UL] will not implement planned power outages on Monday as electricity demand is within manageable levels, the company said.
In a statement on its Web site, Eskom said there was no "load shedding" planned for the day after initially announcing outages would start from this week." More | March 31
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News Impacting Mining
Saturday, March 25th: Bob Chapman, International Forecaster 