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The Latest Breaking News from Mining

Illegal mining clampdown in South Africa: treating desperate people like criminals is an injustice – legal scholar

Illegal artisanal gold mining in South Africa is in the spotlight again. Under Operation Vala Umgodi (“plug the hole”), South African authorities have since December 2023 been trying to disrupt the illicit gold mining economy by cutting off water, food and other supplies to the miners working underground.

The Conversation

Weekly Must-Read: China Digs In to Boost Mining in Democratic Republic of Congo

Booming metals demand from EVs and AI dangle riches for Chinese, DRC companies

Caixin Global

British mining executives held in Mali freed after $160m deal to settle tax dispute

Resolute Mining chief executive Terence Holohan and two employees had been held since 9 November

The Guardian - UK

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Inflation, China’s stumbling economy, and apocalyptic fear are driving a new gold boom. Investors think this time there’ll be no bust

Elko, Nev., site of the largest gold mine in the world, bears little resemblance to the gold rush town it once was.

Fortune

Mineral Resources boss Chris Ellison tells shareholders ‘I hate what I’ve done’ after scandals rock company

Perth businessman tells AGM he made ‘error in judgment’ as company’s executive pay plans are voted down

The Guardian - AU

Mining Is Safer, Cleaner, and More Ethical in America. So Why Do Environmentalists Stand in the Way?

The U.S. now ranks second to last in the time it takes to develop a new mine—roughly 29 years. Only Zambia is worse.

Reason

Operation ‘Close the Hole’: What to know about a standoff between police and trapped miners in South Africa

The illegal miners are known as zama-zamas or ‘hustlers’ in the Zulu language

The Independent UK

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Rio to take full control of uranium mine near Kakadu

Rio Tinto plans to compulsorily acquire shares in Energy Resources of Australia and get on with rehabilitating the Ranger uranium mine surrounded by Kakadu.

AAP

Rio Tinto review shows rise in rape and bullying reports

Bullying claims linked to diversity programme ‘retaliation’, despite efforts to improve workplace culture

The Guardian - UK

The NT and ACT might have small populations but their economies are growing faster than the bigger states

The Northern Territory and Australian Capital Territory have won bragging rights for having the fastest growing economies within Australia.

The Conversation

Rio Tinto employees report rise in bullying, sexual assault

Half of survey respondents also say mining giant’s workplace culture has improved ‘a lot’ or ‘a little’.

Al Jazeera

3 High-Potential Gold Mining Stocks to Hedge Against Inflation

Amid global economic uncertainty and inflation levels, investing in sound gold mining stocks appears to be a smart strategy for defense investment portfolios. Against this backdrop, quality gold mining stocks Agnico Eagle Mines (AEM), Barrick Gold (GOLD), and Kinross Gold (KGC) could be ideal investments as a hedge against inflation.…

StockNews.com

ED arrests two persons in illegal mining case linked to Himachal, Uttar Pradesh

Gian Chand and Sanjay Dhiman were arrested on Monday and were produced before a special court in Ghaziabad earlier on Tuesday. Read further on Dynamite News:

Dynamite News

Mining tech firm is first to get federal fund money

Russell Mineral Equipment will get $40 million from the federal government's National Reconstruction Fund, allowing it to remain Australian-owned and operated.

AAP

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AAP

Australian shares surge to another record high

The ASX200 finished up 0.9 per cent to set a new record closing high after climbing above 8,400 for the first time in afternoon trade.

The Guardian - UK

Australian goldminer to pay Mali $160m to free detained CEO and executives

Group were held after a meeting about what mining firm referred to as unsubstantiated claims regarding taxes and levies

Radio France Internationale

Australian mining company to pay Mali junta $160m for release of CEO

Australia's Resolute Mining said Monday it has struck a deal worth $160 million (€151 million) with the military government of Mali, after the company's CEO and two other executives were "unexpectedly detained".

Al Jazeera

South African miners trapped underground: What you need to know

Police officials surrounded the mine and cut off suppliers to the illegal miners, hoping to force them out.

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news in one place.

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AAP

Perth mining company pays $247m to free CEO in Mali

Resolute Mining has already paid $123 million to the government of Mali and promised to pay $123 million more after three employees were detained 10 days ago.

AAP

Premier flags tax stability for multinational miners

A mining boss has labelled Queensland's coal royalty scheme a 'sugar hit' as the premier looks to incentivise business with fewer taxes and regulation.

Al Jazeera

Miners holed up in abandoned South Africa shaft ‘starving’

Rescue operations involving volunteers ongoing in Stilfontein amid reports that hundreds are still trapped underground.

The Guardian - AU

Mineral Resources claws back $158,000 in rent relief to corporate entities linked to embattled boss Chris Ellison’s daughter

Billionaire mining executive made headlines earlier this year when he said of workers ‘I want to hold them captive all day long’ in office

Top News

South Africa Refuses Aid To Illegal Miners In Closed Mine

South Africa's government takes a tough stance against illegal mining, refusing aid to trapped miners in Stilfontein. Persistent challenges and criminal ac...

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