Julia Gillard, the prime minister of Australia, scored a political victory when the lower house of parliament passed the controversial Minerals Resource Rent Tax, which will subject mining companies to a higher levy on annual profits.

ECONOMIST: Politics this week

For that is the way of the mining industry, terribly subject to fads and booms and busts.

FORBES: The Coming Glut of Rare Earths

While in Virginia, Motsepe pursued an interest in mining, collecting books on the subject.

FORBES: Magazine Article