A draft new mining policy, which is expected to open up India’s largely untapped mineral deposits, is ready and awaits cabinet approval, a senior government official said on Tuesday.
Only 10 percent of India’s land mass has been explored for its mineral wealth, and industry officials say this is due to lengthy paperwork and bureaucratic delays.
India [...]

U.K. mining stocks fell, led by Kazakhmys Plc and Anglo American Plc. ITV Plc and Kelda Group Plc paced advancing shares.
The benchmark FTSE 100 Index added 0.5, or less than 0.1 percent, to 6240.40 in London at 8:13 a.m. The FTSE All-Share Index slipped 0.1 to 3225.14. Ireland’s ISEQ Index fell 9.21 to 9313.17.
Kazakhmys, Kazakhstan’s [...]

A Monday meeting between National Union of Mineworkers’ (Num’s) representatives and the management at the Modikwa mine ended without resolve.
Onis Ferothwane, one of the negotiators representing the Num, said no agreement was reached in the talks, and that the strike continues.
However, Pieter Rörich, an executive director at African Rainbow Minerals, one of the mine’s owners, [...]

GLOBEX MINING ENTERPRISES INC. is pleased to inform shareholders that it has signed an agreement with privately owned Agregat R-N Inc., whereby Agregat can earn a 50% working interest in the #1 copper-silica zone at Globex’s Lyndhurst Mine property, located 35 km north of Rouyn-Noranda, Quebec.
Under the agreement, Globex will provide technical expertise while Agregat [...]

A new assessment from the CSIRO has found water used in the mining industry generates almost 16 times the income of that generated in agriculture.
The study has found that on average, the mining sector gets $80 of income for every cubic metre of water used, compared to an average of $5 for the agriculture industry.
CSIRO [...]

At one time the historic Sunshine Mine in the Silver Valley produced the most silver in the world. In 2001 however the declining demand for the precious metal forced the mine to shutdown. Now, under new ownership, the mine is expected to re-open next year.
After being shut down for more than five years the Sunshine [...]

Progress has been made in negotiations between the National Union of Mineworkers (NUM) and the Modikwa platinum mine in Limpopo in an effort to resolve a strike, the union said on Tuesday.
“We did make a lot of progress in the meeting yesterday (Monday),” said NUM chief negotiator Humbulani Tshikalange.
A compromise was reached in the strike [...]

Strikers at a Canadian gold mine in the Latin American country of Suriname have dug up the plant’s airstrip and barricaded roads in a dispute over a new contract, officials said.
Defense Minister Ivan Fernald told reporters that strikers had caused enormous damage at the Suriname Rosebel Gold Mines NV (RGM) since the stoppage began on [...]

Mineworkers launched a strike at South Africa’s Modikwa platinum mine on Friday in a dispute over benefits amid allegations of racial discrimination, but mine officials said output was continuing.
About 3,000 members of the National Union of Mineworkers (NUM) out of a total workforce of 5,000 failed to show up for work at the mine, the [...]

KUMBA Iron Ore’s share price fell 1,3%, or 150c, to R114 on Friday after it released a trading update warning shareholders that it would incur once-off costs of R150m as a result of the restructuring of Kumba Resources.
This is almost three times the estimate of R45,4m detailed in Kumba’s prelisting statement issued in October.
An analyst [...]