Why did Barrick jump in, and Minmetals jump out?

London Calling ponders recent Western moves on Africa A while ago, the world’s biggest gold producer bid more than C$7 billion for Zambian copper miner, Equinox. The takeover is likely to proceed without hitch now that Barrick’s only major competitor,...

Tanzania's taxing problem

All Tanzanian companies (not just mining companies) are entitled to a refund on their input VAT. Thus, the recent announcement that AngloGold Ashanti and African Barrick are among those seeking a refund of more than US$270 million of this tax isn’t an anomaly as...

Call on Goldcorp to suspend Marlin mine

What you may not know about Goldcorp’s Marlin mine in Guatemala A shareholder resolution asking Goldcorp to suspend operations at its embattled Marlin mine in Guatemala’s western highlands has been circulated to shareholders and will be voted on at the...

Australian Greens Leader wants inquiry into undersea mining

Australian Greens Leader, Senator Bob Brown, has returned from Papua New Guinea vowing to push for an Australian Senate inquiry into the impact of undersea mining. PNG is home to the world’s first deep sea mining project. It’s owned by the Canadian firm...

China's iron will alone is not enough

The Chinese regime wants to develop two or three new iron mines with a capacity of more than 100 million tonnes a year; several more with a capacity of about 30 million tonnes a year; and a raft of smaller projects, each producing a few million tonnes. The government...