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 Zimbabwe proposes local ownership of foreign firmsFriday, November 06, 2009Zimbabwe's government has proposed that "indigenous Zimbabweans" take 51 percent ownership of all foreign companies, including mines and banks, according to a draft law seen by Reuters Friday. read more » First Quantum must pay Congo $6 mln damages -courtMonday, November 02, 2009First Quantum Minerals (FM.TO) must pay Congo $6 million in damages over three failed lawsuits it filed against the government and state agencies after a mining project was cancelled, court documents showed on Friday. read more » Massey Energy Becomes First Mining Company to Win Three Sentinels of Safety Awards in a Single YearThursday, October 29, 2009Massey Energy (NYSE: MEE) today accepted three Sentinels of Safety Awards in Washington, DC. The annual Sentinels of Safety award program recognizes achievement of outstanding safety records in America's mineral extractive industries. The Sentinels of Safety awards program is co-sponsored by the National Mining Association (NMA) and the Mine Safety and Health Administration. Massey is the first mining company ever to receive three of the mining industry's most prestigious safety awards in one year. read more » Impala Platinum chairman ousted for 'speaking his mind'Thursday, October 22, 2009Fred Roux, one of South Africa's more prominent mining men, was sacked as chairman of Impala Platinum by its board of directors at a meeting yesterday, ahead of Thursday's annual general meeting. Roux - who holds degrees in science, an MBA and a PhD - released a statement on the matter, and attached an e-mail sent to him this past Sunday by Niall Carroll, apparently in his role as CEO of Royal Bafokeng Holdings, which earns untold millions a year in the form of royalties from Impala, and separately ranks as the biggest shareholder in Impala. read more » Conservation and Native American Groups Challenge Bush-Era Mining GiveawaysWednesday, October 21, 2009A coalition of conservation and Native American organizations today filed a lawsuit in federal district court in Washington, D.C. challenging two regulations issued by the Bush Administration that weakened the requirements for environmental and taxpayer protections on federal public land involved in mining operations. read more » |
