Courts continued to imprison private salt sellers even in the past decade.
Glencore chief executive Ivan Glasenberg stepped up his defence of the under-fire miner and trading house on Monday, calling on rivals to shut unprofitable mines and blaming hedge funds for pushing down commodity prices.
Polyus Gold’s largest shareholder has launched a widely anticipated offer to take the UK-listed miner private, but has drawn criticism from its independent board committee for the “disappointing” level of its bid.
The gold industry’s leading trade body and half a dozen banks have agreed to explore the idea of establishing an exchange in London as the existing market faces greater regulation.
Gold miners are hoping that the four-year low in the precious metal’s price, recorded in November, marked the end of a torrid period for the industry – and that the outlook will be brighter in 2015.
London-listed gold miner Petropavlovsk is fighting for survival after it embarked on an expansion programme that dramatically increased its debts just as gold’s bull run was ending.
Gold prices are heading towards their smallest annual percentage increase in five years as demand growth in China and India, the world's top buyers, slows.
The board of Xstrata has been “unfairly disparaged” over its handling of the $70bn merger with commodities trader Glencore, according to Mick Davis, the miner's chief executive.
Is it time for some eurozone governments to start selling that metaphorical family silver? Or, more specifically look at their all-too-real gold reserves, to find a solution to Europe's crisis? That is a question which has recently been buzzing aroun...
Lately the economic news out of Argentina has been gloomy: flat growth plus high inflation, against a backdrop of foreign exchange and trade restrictions and a tough international environment. Yet foreign direct investment in the first half rose 33 per cent year-on-year, according to the central bank. How come?
It was the last Friday in September last year, after a week dealing with the death of Gerry Gibson, killed in a rockfall at Kellingley pit in 2011, that the chairman of UK Coal decided enough was enough. There had been six deaths in five years at its...
Anglo American’s problems run deep – literally. Platinum mining in South Africa’s deepest mines is costly and dangerous enough. Anglo also has to contend with unsustainably high costs and feeble demand from automakers in Europe. The required further headcount reduction is a socio-political hot potato.
UK Coal, which runs three of Britain's last five pits, is to miss a self-imposed deadline to restructure the debt-laden business as it attempts to pass some of its pension burden on to taxpayers.
By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy and complacent, and analysts fear it could be pumping up a credit bubble.
Coal exports are one of Indonesia’s biggest foreign-exchange earners. So it seems counterproductive for Jakarta to be considering export restrictions and increased royalties for coal, as part of a sweeping move to limit exports of raw commodities and promote job-creating processing plants being established.
Aquarius Platinum, the world’s fourth-largest platinum producer by volume, has responded to a fall in prices for the precious metal by mothballing a mine jointly owned with Anglo Platinum, arguing that production had become uneconomic.
The world's largest copper miner has been forced to buy from other miners and traders to meet its deliveries to customers, a rare move that underscores how the mining industry is struggling to lift output to meet demand for the red metal.
Sunshine Oilsands, a Canadian tar sands company backed by Chinese state-owned enterprises, has shunned Toronto and will next month launch an initial public offering in Hong Kong that could raise as much as $600m.
Gold miners are rushing to boost their dividends in the hope of wooing investors from gold-linked exchange-traded funds and other vehicles. In the latest move, Iamgold, a mid-sized producer with mines in west Africa, Canada and Suriname, announced a 2...
The long-running struggle between rival oligarchs Oleg Deripaska and Vladimir Potanin for control of Norilsk Nickel, Russia's biggest miner by market value, is a poor advertisement for Russian corporate governance. Mr Deripaska's aluminium grou...