Mineweb

Swiss gold exports to China drop 67% in April

Exports dropped by around 67% in April to just 15.1 tonnes.

Central banks to keep buying gold – RBC

RBC forecast appetite for gold by central banks, mostly in emerging markets, to hit 275 tonnes this year as compared to 409 tonnes last year.

Zinc, nickel Scotiabank’s top picks for investors

“Base metals were a ‘bright’ spot in 2014—largely ignored by equity markets and are among our ‘picks’ for investors in 2015,” observed Scotiabank economist Patricia Mohr in the latest edition of the Scotiabank Commodity Price Index published Thursday.

Nevsun exploration bolsters Bisha

Nevsun Resources expands mineralization at its Harena copper-polymetallic deposit near the Bisha mine.

Birla said to plan $1bn aluminum exports

Hindalco Industries Ltd., owned by Indian billionaire Kumar Mangalam Birla, is targeting a record $1 billion of aluminum exports by March 31 buoyed by rising U.S. and European demand, people with knowledge of the matter said.

Is Indian gold turnaround a game changer for prices?

Something seems to have spooked the gold bears. We noted a few days ago that there seemed to be signs of new positive momentum building for gold, but then were worried that the big failure of the Swiss gold initiative might prompt another drive down in the gold price.

Uranium price rally – on pause

Swinging wildly. That best describes the spot price of uranium - and uranium equities - over the past couple weeks.

Low oil prices good for PGMs

A Scotiabank analyst noted Thursday that when oil prices drop heavily on ample supply and strengthening consumer demand, car demand tends to surge.

India's uranium pact with Australia going full speed ahead

Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.

‘Sluggish Q4’ ahead with persistently weak metal prices – EY

Canadian mining equities suffered in the third quarter due to a fall in metals prices, especially gold prices, as a result of a strengthening U.S. dollar, said EY.

Billion tonnes? Some DSO? A copper discovery in progress

Cukaru Peki was one of the most interesting finds in recent years.

BMO cuts gold, silver, platinum price outlook

BMO Capital Markets warns miners should prepare for a “prolonged period of sub-US$1,200/oz gold prices.”

Sneaking it anyway: When it`s taboo to buy gold in India

Pitru Paksha is upon us, a time when it is considered bad form to make deals of any sort. But times are changing.

No merger on horizon for Alacer Gold, OceanaGold

An article published in the Australian Finance Review has prompted OceanaGold to confirm that OceanaGold had unsuccessfully pursued a business combination with Alacer Gold.

SouthGobi 2013 coal output more than doubles

The increase may signal a turnaround for SouthGobi Resources, whose shares plunged 56 percent last year in Hong Kong.

Struggling small miners vulnerable to mid-sized rivals

A year of tumbling share prices and a shrinking pool of funding have left smaller mining companies vulnerable to the approaches of medium-sized rivals.

Barrick pulls away from top 3 peers

Among the top three North American gold miners —Barrick, Goldcorp and Newmont— the former made the strongest gains in the past month.

The huge potential of Congo potash

The Republic of Congo (ROC), not to be confused with the neighbouring DRC, has the potential to develop into one of the world’s biggest potash miners over the next decade.

EBX Group woes piquing interest in AUX gold assets

Eike Batista could be forced to restructure his EBX Group, Reuters reports. Could AUX go to market?

Serbian town may be on cusp of mining revival

Serbia's mining sector, stagnant since the wars that tore Yugoslavia apart in the early 1990s, looks set for a revival as volatile commodity prices increase the allure of countries in Europe with established infrastructure and […]

Platinum market deficit to hit 844,000oz in 2013 – HSBC

The platinum market is likely to hit a record deficit of 844,000 ounces in 2013, HSBC says, as supply shrinks and demand, especially from ETFs picks up

News of Mongolia coalmine launch puts foreign investors on alert

Mongolia will begin producing coal from a block of its giant Tavan Tolgoi mine this year, a senior official at the state-run company in charge of the deposit said on Friday, a step that may give foreign […]

Newmont increases attributable gold reserves by 400,000 ozs to 99.2m ozs

“We were pleased to return the highest dividends of the gold industry on a per share basis on 2012,” said Gary Goldberg, Newmont’s President and COO.

Coeur Mines’ key to a strong future could lie within its past

Idaho-based Coeur d’Alene Mines anticipates higher silver and gold production this year, after overcoming fourth-quarter 2012 challenges at Palmarejo and San Bartolome.

Is AMCU the future of SA labour relations?

The problem with the Association of Mineworkers and Construction Union (Amcu) is that it is never quite where other people want it to be.