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Exclusive: Chile expects 2014 Codelco funding to top last year's

By Alexandra Ulmer and Fabian Cambero SANTIAGO (Reuters) - State copper producer Codelco should get more government funds this year than Chile allocated for the world's No. 1 red metal miner in 2013, the country's mining minister told Reuters on Tuesday. The previous conservative government handed Codelco $2 billion in two separate tranches last year, but the company said that was not enough to comprehensively fund the ambitious and costly overhaul of its tired mines.

Next Potash Corp CEO likely to keep priority on price

By Rod Nickel (Reuters) - The next chief executive of Canada's Potash Corp of Saskatchewan <POT.TO><POT.N>, the world's biggest fertilizer producer, is likely to stick with the company's strategy of supporting prices by managing supply, rather than shifting to a volume-driven scramble for market share. Potash Corp's long-serving CEO, Bill Doyle, passes the torch to successor Jochen Tilk in July, but the charismatic Doyle will stay on as senior adviser for a year.

New PotashCorp chief executive a mining veteran, but no potash experience

TORONTO - The next chief executive of Potash Corp. of Saskatchewan Inc. (TSX:POT) will take the helm at a time of transition for the fertilizer giant as it completes a multi-billion dollar expansion plan. Jochen Tilk has over 30 years of experience in the mining industry, but the former president and CEO of Inmet Mining has none in the potash sector. RBC Capital Markets analyst Andrew Wong says Tilk has a proven background as a strong operator during nearly 25 years at Inmet.

Rio Tinto announces plans to give away shares in firm that owns Pebble Mine project in Alaska

JUNEAU, Alaska - A major shareholder of a company behind a contentious Alaska mine project is giving its shares away to Alaska charitable organizations, at least one of which is part of a larger group that has come out publicly against the project.

Rescuers race to save 22 trapped coal miners in China

Rescuers on Monday raced to save 22 miners trapped in a flooded coal mine in southwestern China, state media reported. Flooding struck the mine in Yunnan province in the pre-dawn hours Monday, the official Xinhua news agency said. A total of 26 workers were underground at the time, though four were rescued, the report said. On Monday afternoon, "the 22 miners were still out of contact", Xinhua quoted Zhang Lei, deputy head of the rescue headquarters, as saying.

Hunger, anxiety as South African mining strike wears on

Miner's wife Nomfanelo Jali hasn't been able to serve her family meat in a month and increasingly struggles to put anything on the table at all, as South Africa's long-running platinum strike takes its toll. On January 23 Jali's husband downed tools along with 80,000 other platinum miners, vowing not to return to the shafts until their minimum monthly wage was doubled to 12,500 rand, around $1,186. Ten weeks later, inside a tin shack in the shadow of the quieted Marikana mine, Jali doles out corn meal porridge to some of her seven kids.

Ex-BP boss Hayward could stay Glencore chair: WSJ

(Reuters) - Glencore Xstrata Plc's <GLEN.L> interim chairman, former BP Plc <BP.L> chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.

Greater tension could do systemic harm to Russian firms-Norilsk

By Silvia Antonioli LAUSANNE, Switzerland (Reuters) - Any worsening of tension between Moscow and the West that leads to stiffer sanctions would do systemic damage to Russian companies by deterring investors and making borrowing more difficult, a Norilsk Nickel executive said. Russia's annexation of Ukraine's Crimean peninsula has marked the biggest East-West crisis since the Cold War and prompted the United States and Europe to impose sanctions.

The world below: South African gold miners wrestle with the rock face deep beneath surface

WESTONARIA, South Africa - For those who grumble about their daily commute, imagine this ride to work: clamber into an elevator cage and plummet 2.4 kilometres (1.5 miles) into the earth, so fast that ears pop from the changing air pressure. Then board a small railroad car that creaks and grinds the same distance to the outer reaches of a South African gold mine.

Ghost towns haunt South Africa's strike-hit platinum belt

By Zandi Shabalala and John Mkhize MARIKANA, South Africa (Reuters) - Shad Mohammed's electronics and household store in South Africa's platinum belt has survived a series of mining strikes over the 14 years it has been serving customers in the dusty town of Marikana. Yet with the latest stoppage now in its 10th week, he has sold just 10 phones instead of well over 100, and has had to branch out into deliveries to avoid giving up and going home to Pakistan, another statistic in a devastating industrial dispute.
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