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Brazil mine bill proposes doubling top royalty to 4 percent

RIO DE JANEIRO (Reuters) - Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46-year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Full story

Brazilian mining regulations to be enforced strictly: minister

RIO DE JANEIRO (Reuters) - Brazil will strictly enforce all clauses in existing mining rights from here on, ending previous leniency, Mines and Energy Minister Edison Lobao said on Tuesday, after the government announced a bill to reform the national mining code earlier in the day. Full story

Heavy equipment maker Terex cuts forecast, shares tumble

(Reuters) - Terex Corp <TEX.N> estimated a current-quarter profit below market expectations and cut its full-year earnings outlook, joining a list of heavy equipment makers that foresee a tough year ahead due to weak mining and construction markets. Full story

Is It Still Safe to Buy BHP Billiton?

In this strong market, should you still buy BHP Billiton? Full story

Industrial output flat in May

WASHINGTON (Reuters) - Industrial production was unchanged in May, the Federal Reserve said on Friday, compared with forecasts for a light increase after gains in manufacturing and mining were offset by a sharp drop in the output of utilities. Full story

Serbia may be on cusp of mining revival after years of decline

BOR, Serbia/LONDON (Reuters) - Serbia's mining sector, stagnant since the wars that tore Yugoslavia apart in the early 1990s, looks set for a revival as volatile commodity prices increase the allure of countries in Europe with established infrastructure and skilled labor. Full story

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Governor touts mine reclamation in Wyoming

Haiti hosts 1st conference on mining efforts

South Africa's Zuma seeks calm at mines, triggering rand fall

Joy Global 2Q profit falls 15 pct, cuts outlook

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Related Photos

Brazil's President Rousseff attends a ceremony announcing Brazil's new mining bill at Planalto Palace in Brasilia
Brazil's President Rousseff attends a ceremony announcing Brazil's new mining bill at Planalto Palace in Brasilia

Brazil's President Dilma Rousseff attends a ceremony announcing Brazil's new mining bill at Planalto Palace in Brasilia June 18, 2013. Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46-year-old mining code on Tuesday, proposing new royal

Brazil's President Rousseff speaks during a ceremony announcing Brazil's new mining bill at Planalto Palace in Brasilia
Brazil's President Rousseff speaks during a ceremony announcing Brazil's new mining bill at Planalto Palace in Brasilia

Brazil's President Dilma Rousseff speaks during a ceremony announcing Brazil's new mining bill at Planalto Palace in Brasilia June 18, 2013. Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46-year-old mining code on Tuesday, proposing new

Men work inside the copper mine factory in Serbian town of Bor
Men work inside the copper mine factory in Serbian town of Bor

File picture shows men working inside the copper mine factory in Serbian town of Bor, some 250 km southeast from capital Belgrade, September 15, 2010. Serbia's mining sector, stagnant since the wars that tore Yugoslavia apart in the early 1990s, looks set for a revival as volatile commodity prices