Summary/Commentary: According to data from the International Monetary Fund, Russia, Kazakhstan and Turkey all raised the gold reserves in February. … [Read more...]
Russia, Turkey raise gold holdings in Feb – IMF
Shareholders should rein in expectations or quit mining sector: Cynthia Carroll
By Cecilia Jamasmie Anglo American’s (LON:AAL) outgoing CEO, Cynthia Carroll, said Tuesday that mining industry shareholders should reset their … [Read more...]
Large-scale deals to head down the mineshaft in 2013: PwC
Summary: Mining of precious metals, especially gold, has been on a sharp increase around the world. As metal prices have stabilized in 2012 and into … [Read more...]
Silver Institute: Industrial demand for Silver to average 483 mn oz from 2012 to 2014
Interesting piece discussing the many exciting uses for silver. Besides investment, silver is used in a wide variety, and growing number of … [Read more...]
Canada's New Democrats propose law on conflict minerals
By Kerry Hall Canada's national New Democratic Party re-introduces Tuesday a federal bill to establish laws restricting Canadian companies from … [Read more...]
Canadian mining industry warns Quebec over 30% royalty plan
By Anthony Halley The Mining Association of Canada (MAC) has warned the Quebec government over its plans to tax the gross value of annual production … [Read more...]
More QE nervousness sends gold price below $1,600
By Frik Els The gold price dropped through the psychologically important $1,600 level on Monday after comments from the president of the New York … [Read more...]
Chile’s $550 million coal mine ready to start shipments
By Cecilia Jamasmie Chilean company Minera Isla Riesco's $550 million Mina Invierno coal project in the country’s southern region has began the … [Read more...]
Further evidence of the 'gold production cliff': Intierra
By Anthony Halley The number of "supergiant" gold deposit discoveries has dwindled from two in the past five years to zero in the past two years and … [Read more...]
Mercury pollution linked to illegal gold mining in Peru reaches lethal levels
By Cecilia Jamasmie A new study of mercury contamination in fish and humans in the Peruvian jungle, highly troubled by illegal gold mining, found … [Read more...]
Latin American chooses mining investment over environment: report
By Cecilia Jamasmie Latin American governments are allowing destruction of forests, rivers and local communities in exchange for money from … [Read more...]
At least 35 killed in attack to mining hub in Congo
By Cecilia Jamasmie At least 35 people were killed this weekend in the Democratic Republic of Congo after rebels attacked the copper mining hub … [Read more...]
Quebec's Bachelor Lake gold mine set to restart
By Kerry Hall Quebec's Bachelor Lake gold mine is set to restart commercial production, reports the Montreal Gazette. Metanor Resources Inc. (TSXV: … [Read more...]
Canadian mining investments in Latin America
By MINING.com Editor This interactive map overview of Canadian mining projects and investments in Latin America is produced by the Canadian … [Read more...]
South African mining threatened by electricity shortage
By Kerry Hall South Africa's platinum and gold production is threatened by an impending electricity shortage that will be the worst in five years, … [Read more...]
US mining sector faces looming worker shortage
By Kerry Hall US mining and energy industries are facing a looming worker shortage caused by the pending retirement of large numbers of baby-boomer … [Read more...]
Australians develop new recovery method for platinum and palladium
By Kerry Hall A pair of researchers at Australia's Murdoch University have developed a new process to recover precious metals faster and at a lower … [Read more...]
Harry Winston sells its luxury division to Swatch
By Cecilia Jamasmie Canadian Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) announced Thursday it expects the sale of its luxury diamond jewellery … [Read more...]
Mine in Brazil set to produce gold 1/3 below average industry cost
By Anthony Halley Australia's Beadell Resources Ltd. (BDR) claims that with low taxes and labour, its northern Brazil mine will produce gold at 32% … [Read more...]
Copper on a precipice as stocks reach decade high
By Frik Els Global copper inventories held in warehouses operated by the London Metal Exchange have risen to the highest levels since 2003, not long … [Read more...]
The essentials for miners in Canada's 2013 federal budget
By Anthony Halley The Mining Association of Canada (MAC) sees both positive and negative influences on the Canadian mining industry from the 2013 … [Read more...]
Napoleon’s engagement ring to Josephine fetches $20,000
By Cecilia Jamasmie On Sunday the Osenat auction house of Fontainebleau, France, will be auctioning the stunning gold, diamond and sapphire … [Read more...]
First Quantum takes over Inmet: a new copper giant is born
By Cecilia Jamasmie After months of negotiations, Canada’s biggest pure copper player First Quantum Minerals (TSX:FM)(LON:FQM) has acquired the … [Read more...]
Breaking up is hard to do. Drumbeat for unbundling of gold majors gets louder
By Frik Els AngloGold Ashanti (NYSE: AU) is hedge fund manager John Paulson’s favourite pick in his Advantage Fund. AngloGold is the world's number … [Read more...]
FUN BREAK: Spanish photographer ‘set the sky on fire’ beneath mine
By Cecilia Jamasmie Spanish photographer Tomas Bogoñez is getting a lot of press these days as the talented artist unveiled his latest work: images … [Read more...]
Virtual currency Bitcoin surges as Cyprus haircut fears spread
By Frik Els It's not only the gold price that has benefited from fears over governments dipping into private citizens bank accounts a la … [Read more...]
You can stop worrying about ETF outflows now. Indian gold imports have surged 41%
By Frik Els A steep hike in gold import duties did nothing to curb demand and Indians bought 51% more bars and coins and 35% more gold jewelry in … [Read more...]
'Cyprus' is already happening in the US: Rick Rule
By Cecilia Jamasmie Sprott Asset Management's Rick Rule said Thursday the suppression of interest rates in the United States, which is depriving … [Read more...]
Batista takes another blow as his iron ore firm records massive loss
By Frik Els Eike Batista's iron ore producer MMX reported a much-higher-than-expected $400 million loss on Wednesday adding to the financial woes … [Read more...]
Political infighting may be behind latest Oyu Tolgoi delay
By Frik Els No date has been set for world number two miner Rio Tinto (LON:ASX) and the government of Mongolia to sit down and thrash out a new deal … [Read more...]