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Scotiabank’s Mohr argues strong case for commodities now to 2020

Posted on February 5, 2013

Scotiabank's Patricia Mohr delivers a bullish stance on emerging markets and thus demand for commodities such as copper.

Australian rains prompt coal force majeures

Posted on February 4, 2013

Heavy rains in Queensland have prompted Rio Tinto and Xstrata to declare force majeures on coking and thermal coal exports this week.

Is gold the answer to Europe's worst case scenario?

Posted on January 31, 2013

How long can unemployment rates for under 24s remain near 60%, as in Spain and Greece, without the powder keg igniting? Gold may yet be the best insurance against riot induced economic collapse.

US silver coin sales set record in January after halt

Posted on January 30, 2013

Earlier this week, the U.S. Mint resumed supplying silver Eagles after it halted sales on January 17 as soaring demand depleted its stock.

Wesizwe Platinum gets $650m Chinese loan

Posted on January 22, 2013

Junior platinum miner, Wesizwe Platinum, has received a $650 million loan from the China Development Bank for its Bakubung mine project in South Africa.

Angola’s Escom eyes May production from new diamond mine

Posted on January 22, 2013

The Tchegi alluvial site will, together with Escom’s existing Luo kimberlite mine, produce a total of about 35,000 carats a month by the end of the year.

Rio Tinto mulls Riversdale coal sale after review

Posted on January 22, 2013

A person familiar with the matter says Rio Tinto is considering a sale of all or part of its Riversdale unit after last week flagging a $3 billion writedown for the assets.

De Beers aims to recoup investment from Anglo gem deposit

Posted on January 21, 2013

The diamond producer is confident of finding a gem deposit in Angola that will allow it to more than recoup the $250 million it has spent on exploration.

India hikes import tax on gold by 50%

Posted on January 21, 2013

The country raised the import tax on gold to from 4% to 6% on Monday, with the aim to curb purchases and rein in its ballooning current account deficit.

Traders to lose heavily as India hikes gold import duties to 6%

Posted on January 21, 2013

The hike in gold import duty in India is set to help smugglers push the precious metal and increase the price of gold by $13 per ten gram in the domestic market.

Gold sector clean out expected in 2013 – Cook

Posted on January 6, 2013

Brent Cook, co-editor of the Exploration Insights newsletter believes much of the froth has now been washed out of the junior market.

Turkish gold exports up 800% on Iranian demand

Posted on January 4, 2013

Turkish gold exports rose to $12.7bn in the first eleven months of 2012 compared to the $1.47bn exported in the whole of the previous year.

ArcelorMittal resolves French dispute, still planning European write-downs

Posted on January 3, 2013

ArcelorMittal has resolved its bitter dispute at the French Florange plant, though the company has decided to write down the value of its European business by $4.3 billion

Class action motion filed against SA gold companies

Posted on December 28, 2012

A South African lawyer has moved to file a Silicosis class action motion against over 30 gold firms on behalf of 17,000 former miners

Silver, Rogers and cash – Mineweb's Top 10 for 2012

Posted on December 28, 2012

A look at the list of the ten best read mining stories on Mineweb throughout 2012.

Russian gold, Forex reserves rise to $532bn

Posted on December 27, 2012

Russia's central bank has no immediate plans to diversify its foreign exchange holdings, Chairman Sergei Ignatyev said on last week