Gold Fields is an unhedged gold producer with 6 operating mines in Australia, Ghana, Peru and South Africa. Four other projects are ongoing. Even if … [Read more...]
Bear of the Day: Gold Fields (GFI)
Golden replica of Messi's left foot on sale for ‘only’ $5.25m
By Cecilia Jamasmie A pure gold replica of 25-year-old soccer phenomenon, Lionel Messi's left foot, was revealed in Japan on Tuesday. Created by … [Read more...]
A history of gold confiscation [INFOGRAPHIC]
By Cecilia Jamasmie Rumour has it that some major U.S. asset managers prefer to hold gold outside the country for fear of confiscation in an echo of … [Read more...]
Chavez's death brings uncertainty to the oil and gold sector
By Cecilia Jamasmie Oil markets don’t seem to be reacting this morning to the death of Venezuelan President Hugo Chavez, with the price of crude … [Read more...]
Two dead after 4,000 riot at gold mine in Tanzania
By Kerry Hall A young man and woman are dead after thousands of people swarmed an African Barrick Gold mine in northwestern Tanzania … [Read more...]
Eldorado faces more Greek protests
By Anthony Halley Thousands in the northern, historic Greek region of Thrace were out in the streets today to protest Vancouver-based Eldorado … [Read more...]
Greek police used excessive violence and tear gas against anti-mining protesters: report
By Cecilia Jamasmie Greek police is facing accusations of applying excessive violence and tear gas to break up a demonstration against the arrest of … [Read more...]
John Paulson’s gold fund dove 18% in February
By Cecilia Jamasmie Beaten up bullion investor, John Paulson, logged an 18% drop in his Gold Fund last month triggered by the ongoing slump in gold … [Read more...]
Black: The #1 problem when owning gold – confiscation, criminalization
By Frik Els Simon Black, the man behind the Sovereign Man blog, posted a sobering piece on the problems of owning gold on Wednesday which he starts … [Read more...]
Commodities 'supercycle' will last another 15 years: JP Morgan
By Anthony Halley JPM Natural Resources Fund manager Neil Gregson is confident that a "third great [commodities] supercycle is underway." The basic … [Read more...]
The UK goes after a piece of the Afghan $1 trillion mining pie
By Cecilia Jamasmie The UK government decided Wednesday to get a foot on the door to Afghanistan’s $1 trillion of untapped mineral wealth, by … [Read more...]
Friedland on headless miners, dodos and ethical platinum
By Frik Els Euan Rocha and Rod Nickel of Reuters sat down with the normally media-shy Robert Friedland and the legendary mining financier more than … [Read more...]
Money worries weigh on juniors at PDAC
By Michael Allan McCrae The buzz at the world's largest mining show, PDAC International Convention, Trade Show & Investors Exchange, is the lack … [Read more...]
Mining can be a blessing for foreign aid: UN
By Anthony Halley United Nations Development Program (UNDP) head Helen Clark is focused on making mining "a blessing, not a curse, for [developing] … [Read more...]
Chicago Mercantile Exchange slashes precious metal margins
By Frik Els The Chicago Mercantile Exchange (CME), the biggest provider of US futures, says it will cut margins on precious metals and copper … [Read more...]
Asteroid mining company is now hiring. Just in time for 2012 DA14
By Frik Els Given that 2012 DA14 will be hurtling (in astronomical terms) a hair's breadth from the earth on Friday, now is a great time to send in … [Read more...]
Anglo CEO says South Africa licence threats 'out of order'
By Kerry Hall Despite threats from government officials to review mining licences, Anglo American Platinum will continue with restructuring its … [Read more...]
South Africa pushes for greater tax revenues from miners
By Marc Howe South Africa seeks to extract greater tax revenues from its mining companies as they struggle to deal with the double burden of rising … [Read more...]
Platinum hits 4-month peak, palladium rockets to 16-month high
By Frik Els The platinum price hit a four-month high on Monday, adding $10 to $1,709 an ounce in New York while sister metal palladium added more … [Read more...]
Amplats hit hard by South Africa’s mining strikes, down to an annual loss
By Cecilia Jamasmie Anglo American Platinum (Amplats), the world’s top platinum producer, announced Monday an operating loss of $715 million in 2012 … [Read more...]
First Quantum rises after booking $1.2bn compensation for Congo confiscation
By Frik Els First Quantum Minerals (TSX:FM) gained more than 2% on Wednesday after the company reported full year results that included a $1.2 … [Read more...]
Colombia cancels 32 mining concessions
By Cecilia Jamasmie Colombia's national mining agency (ANM) cancelled 32 mining concessions between January and February this year, after an audit … [Read more...]
Warehouse stocks surging 40% just the start of copper sea change
By Frik Els After a brutal February that saw the copper price tumble more than 7%, the metal is beginning to build a base around $3.50 a pound. At … [Read more...]
Top 10 copper companies in 2012
By Vladimir Basov Last year saw some tough competition amongst the world's biggest copper miners. Preliminary estimated volume of corporate … [Read more...]
Toronto junior rockets 40% ahead of Turkey pre-feasibility
By Frik Els Aldridge Minerals (TSX-V:AGM) – advancing a gold and polymetallic VMS project in Turkey – jumped 40% in early afternoon trade on Tuesday … [Read more...]
Peru to double current copper output by 2016: mine minister
By MINING.com Editor Peru will more than double its copper production from the current 1.3 million tons to 2.8 million by 2016, said the country’s … [Read more...]
Copper, gold and money laundered: Peru main exports in 2012
By Cecilia Jamasmie Latin America-savvy blogger “Otto Rock” publishes an interesting graphic, showing that Peru’s biggest exports in 2012 were … [Read more...]
Glencore-Xstrata profits hit by $2.6bn writedowns and slump in commodity prices
By Cecilia Jamasmie Diversified miner Xstrata (LON:XTA) and commodities trader Glencore (LON:GLEN), which are seeking final regulatory approval from … [Read more...]
Mining mergers in 2012 hit lowest in seven years: PwC
By Cecilia Jamasmie After a slow and cautious 2012, where mergers and acquisitions (M&A) in the mining sector fell 30% —the lowest since 2005—, … [Read more...]
Canada’s Quebec turning hostile to mining
By Cecilia Jamasmie The Canadian province of Quebec, once considered the best place on Earth for mining investment, seems to be brushing the … [Read more...]