Ink from ancient Egyptian papyri contains copper

A new study by researchers at the University of Copenhagen revealed that the brownish colour that shows up in many papyrus scrolls from ancient Egypt came from copper-infused ink, as opposed to just carbon ink. Using advanced synchrotron radiation-based X-ray microscopy equipment, the Danish scientists were able to identify the presence of copper in inks[…]

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

Former Xstrata chief executive Mick Davis, the current leader of Britain’s ruling Conservative Party, is said to be the frontrunner to become Rio Tinto’s new chairman. People familiar with the matter told Sky News the South African-born businessman has held talks with Rio over the position held until the end of the year by retiring chairman Jan[…]

South Africa's NUM says coal strike to begin on Nov. 19

South Africa’s National Union of Mineworkers will begin a strike over wages in the coal sector on November 19, the union’s spokesman said on Friday. A protracted strike in the coal sector could affect power supply in Africa’s most industrialised economy, as about 85 percent of electricity is generated from the fossil fuel. According to[…]

Rio facing class action in the U.S. over Mozambique coal mine

Seattle-based law firm Hagens Berman Sobol Shapiro LLP released a statement saying it filed a suit on behalf of purchasers of Rio Tinto American Depositary Receipts between Oct. 23, 2012 and Feb. 15, 2013 in the U.S. District Court for the Southern District of New York. The action has been filed against Rio Tinto (ASX,[…]

Botswana Diamonds soars on promising find at South African project

Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Friday after the miner said that sampling work at its Ontevreden licence in South Africa seems to prove the presence of high-grade kimberlite pipes. The discoveries at the site, which Botswana Diamonds operates in a joint venture with Vutomi Mining, follow detailed[…]

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

Rio Tinto (ASX, LON:RIO), the world’s second largest miner, gave its shareholders an early Christmas present Wednesday as it declared its biggest interim dividend in the company’s 144-year history, thanks to climbing commodity prices that made first-half profit jump an impressive 93%. The Anglo-Australian company also said it will increase its share buy-back program this[…]

Here’s how to avoid being caught in mining scams

Calling a class “bullshit,” and in public, would normally be considered inappropriate, but there’s one where students can get away with it. Two University of Washington professors are teaching a course to help learners “think critically about the data and models that constitute evidence in the social and natural sciences,” according to the introduction to the[…]

Kumba resumes divvy thanks to stronger iron ore prices in first half

Shares in Kumba Iron Ore (JSE:KIO) rallied Tuesday after the miner announced it would reinstate dividends after a two-year hiatus thanks to stronger prices for the steelmaking ingredient earlier this year. Delivering first-half results, the South Africa-based company noted that more efficient production helped boost earnings in the period earnings by 53%. The miner’s stock shot[…]

South Africa intends to suspend issuing mining rights

* Chamber of Mines says believes decision “unlawful” * Tussle over mining code raises uncertainty in sector * Mining makes up 7 percent of S.Africa’s GDP (Adds chamber response) South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new[…]