Minerals & Mining. Legal news and articles for February 28 - 29, 2012

Leon makes strong call for South Africa to recant, join mining transparency groupJudge Upholds Suspension of Uranium Leasing Program on 42 Square Miles in ColoradoIron out mine royalty issues, SA toldBeaufield Announces Election of New DirectorsRubicon Minerals announces closing of $200 million bought deal financingBroken Hill West Project and Proposed NSW Legislation ChangeDENR sees royalty bid as leveling mining playing field69 miners agree to renegotiate contractsAura Minerals Provides Corporate UpdateAura Minerals Provides Corporate UpdateDo you think the civil servants should be awarded a pay riseLundin Mining: Tenke Fungurume Reserve and Resource UpdateSilver Predator Appoints Nathan A. Tewalt Chief Executive Officer; Completes ...New Congo scheme targets conflict mineral exportsTreasury debate needed to iron out mine royalty issues – KPMG

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Australian miners test Mongolian frontier
Business SpectatorFebruary 3, 2012

Mongolia is not being short-changed as foreign miners rush to take a slice of its enormous mineral wealth, Australian explorers operating in the vast Asian nation say. A report released this week by non-government organisations (NGOs) claimed that a ...more »

Hagens Berman Announces Investigation of Hecla Mining Company - Notifies ...
MarketWatch (press release)February 3, 2012

Hecla mines precious minerals, including gold, silver, lead and zinc which are sold to smelters, consumers and precious metals traders. The complaint alleges that Hecla failed to disclose operational problems at its Lucky Friday unit, including safety ...more »

Minerals & Mining. News and Stories

Leon makes strong call for South Africa to recant, join mining transparency group
Creamer Media's Mining WeeklyFebruary 29, 2012

Speaking during a Mandela Institute discussion at Wits University's School of Law, the Webber Wentzel Africa mining practice head and immediate past chair of the International Bar Association's mining law committee, placed the issue of South Africa's ...more »

Judge Upholds Suspension of Uranium Leasing Program on 42 Square Miles in Colorado
Center for Biological Diversity (press release)February 29, 2012

It's time they spent their time embracing rather than avoiding their duty to follow the law and protect our environment,” said Taylor McKinnon, public lands campaigns director with the Center for Biological Diversity. “The uranium leasing program ...more »

Iron out mine royalty issues, SA told
The Citizen DailyFebruary 29, 2012

An in-depth debate with National Treasury was needed to deliberate on arbitrary conditions specified in the schedules of the South Africa's mining royalty legislation, which were creating problems for miners, KPMG mining tax specialist Ben-Schoeman ...more »

Beaufield Announces Election of New Directors
MarketWatch (press release)February 29, 2012

Mr. Weston holds a degree in Mining Engineering from McGill University in Montreal. He is the Chief Operating Officer ("COO") of Maudore Minerals Ltd, a TSX-V company, since March 2011. Before that date, he was the President and COO of St Eugene Mining...more »

Rubicon Minerals announces closing of $200 million bought deal financing
MarketWatch (press release)February 29, 2012

RUBICON MINERALS CORPORATION "David W. Adamson" President & CEO This news release contains statements that constitute "forward-looking statements" within the meaning of Section 21E ofthe United StatesSecurities Exchange Act of 1934 and "forward-looking ...more »

Broken Hill West Project and Proposed NSW Legislation Change
4-tradersFebruary 29, 2012

... ban on exploration for uranium, by amending the Uranium Mining and Nuclear Facilities (Prohibitions) Act 1986. This Act makes it an offence to explore for uranium and mine and extract minerals from any rock that contains more than 200 ppm uranium.more »

DENR sees royalty bid as leveling mining playing field
The Online Zamboanga TimesFebruary 29, 2012

Republic Act 7942 (Philippine Mining Act of 1995) allows declaration of MRAs whenever national interest warrants such action to preserve either strategic raw materials for industries critical to Philippine development or minerals having scientific, ...more »

69 miners agree to renegotiate contracts
Jakarta PostFebruary 29, 2012

If that happens, the country's revenues from the mineral and coal mining sector will drop significantly,” he told The 2009 Law on Coal and Mineral Resources mandated that all mining contracts in the country have to be adjusted two years after the law...more »

Aura Minerals Provides Corporate Update
StockhouseFebruary 29, 2012

For further information, please visit Aura Minerals' web site at www.auraminerals.com. This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the ...more »

Aura Minerals Provides Corporate Update
MarketWatch (press release)February 29, 2012

For further information, please visit Aura Minerals' web site at www.auraminerals.com . This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of ...more »

Do you think the civil servants should be awarded a pay rise
The Zimbabwe StandardFebruary 29, 2012

It is no longer a secret that Zimbabwe is a country highly rich in mineral wealth. The country is endowed with diamonds, gold and black granite, among many other minerals. It is also a well-known fact that mining in its inherent nature is very ...more »

Lundin Mining: Tenke Fungurume Reserve and Resource Update
MarketWatch (press release)February 28, 2012

TORONTO, ONTARIO, Feb 28, 2012 (MARKETWIRE via COMTEX) -- Lundin Mining Corporation ("Lundin" or the "Company") (TOR:CA:LUN) (omx:LUMI) today provides an update on Tenke Fungurume. -- Proven and Probable Mineral Reserves increased to 155.7 million ...more »

Silver Predator Appoints Nathan A. Tewalt Chief Executive Officer; Completes ...
MarketWatch (press release)February 28, 2012

Mr. Tewalt is a Registered Geologist (Washington) specializing in Nevada-style precious metals systems. Mr. Chadwick is a Certified Professional Geologist with over 30 years of mineral exploration and production-related mining experience.more »

New Congo scheme targets conflict mineral exports
ReutersFebruary 28, 2012

| KINSHASA Feb 28 (Reuters) - Democratic Republic of Congo's government said it will block exports of tin ore, gold, coltan and wolframite unless traders can prove the minerals come from mines that are certified by the state as conflict-free.more »

Treasury debate needed to iron out mine royalty issues – KPMG
Creamer Media's Mining WeeklyFebruary 28, 2012

JOHANNESBURG (miningweekly.com) – An in-depth debate with National Treasury was needed to deliberate on arbitrary conditions specified in the schedules of the South Africa's mining royalty legislation, which were creating problems for miners, ...more »

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