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Sukhoi Log gold development could propel Russia to world No.1
Posted on December 21, 2012
Russia's Sukhoi Log gold deposit could well be the world's largest but there still seems no rush by the government to develop its riches. It may well be worth even more remaining in the ground.
EU regulators drop Rio Tinto Alcan antitrust case
Posted on December 21, 2012
Regulators dropped their probe into Rio Tinto Alcan on Thursday, saying they were satisfied with commitments made by the firm to ensure it does not favour subsidiaries when purchasing supplies.
Weaker dollar giving gold a small boost
Posted on December 21, 2012
After a weaker day yesterday, gold was marginally stronger in early trade and appeared to be picking up a little more ahead of NY opening due to a weaker dollar.
UPDATE: Gold battered again despite weaker dollar
Posted on December 20, 2012
After a weaker day yesterday, gold was marginally stronger in early trade and appeared to be picking up a little more ahead of NY opening due to a weaker dollar before being driven down yet again at COMEX opening.
Gold prices expected to rise in 2013; could hit $2,200
Posted on December 19, 2012
Gold price targets of $2,000 an ounce and even higher are in sight as the global financial crisis and geopolitical concerns continue to foster short and long-term demand for precious metals.
China urgently seeking new uranium resources domestically and overseas
Posted on December 19, 2012
China, which is dependent on uranium imports to supply its growing nuclear power industry, is to speed up exploration for uranium mining options at home and abroad.
Saskatchewan won't review potash tax until BHP mine decision
Posted on December 19, 2012
Saskatchewan will not review how it taxes potash miners until late next year at the earliest as it waits to see if BHP follows through on plans to develop a huge mine in the province.
Mexico’s copper output suffers biggest single-month drop in 2 years
Posted on December 18, 2012
The fall was caused by lower prices and slowing demand from major copper consumers like China, says Gonzalo Fernandez, an analyst with Grupo Santander.
African Minerals cuts iron ore shipment forecast
Posted on December 18, 2012
The miner has cut its forecast from its mine in Sierra Leone yet again and is in advanced talks to secure the financing it needs to fund its working capital requirements.
Anglo Pacific inks $15m gold royalty deal with Hummingbird
Posted on December 18, 2012
Anglo Pacific has signed a royalty financing agreement with Hummingbird to pay the explorer $15 million in exchange for a 2% return royalty on any gold ore produced from the latter's Dugbe project in Liberia.
China to scrap 40 pct export duty on metallurgical coke
Posted on December 18, 2012
China used to be the world's largest exporter of coke, but its exports have almost dried up since 2008, when Beijing raised the export duty from 25% in a bid to reduce pollution.
Gold Fields downgraded on SA gold mine spinoff but AngloGold keeps status
Posted on December 18, 2012
Plans by both Gold Fields and AngloGold to reduce exposure to South Africa produced different outcomes from ratings agencies, as former got cut, while the latter was affirmed at investment grade.
Gold and silver today- higher as Asian demand remains solid
Posted on December 18, 2012
Gold breached $1700 overnight before settling back just below this level ahead of U.S. opening, but fundamentals – particularly with solid Asian demand – remain positive.
London gold market nervous on thin liquidity and fiscal cliff
Posted on December 18, 2012
Gold dips back below $1700 with investors "wary of thin markets", signs of progress on Fiscal Cliff
3 simple sayings to help navigate current mining markets
Posted on December 9, 2012
If you want to be happy with your mining stock portfolio over the last two months you need to lower your expectations, says Michael Kosowan but, believes there are opportunities if you follow some simple rules. An interview with the gold report
Hard-to-reach places drive miners to bet big on renewable energy
Posted on December 9, 2012
Contrary to their tarnished image, mining companies are investing in renewable energy faster than other industries and will account for 1.8 percent of global clean-power spending this year
On the edge of permitting a Spanish open pit gold mine
Posted on December 8, 2012
Edgewater Exploration says a permitting decision should come soon for the Corcoesto gold project and that a BFS is just around the corner.
When the big just keeps getting bigger – Duluth releases new metals resource
Posted on December 7, 2012
A significant increase in the enormous Twin Metals polymetallic resource in Minnesota, and identified higher grade zones, means the project economics just look like getting better and better
Fee FiFo Flam – transient mine camps under attack again
Posted on December 7, 2012
The latest academic report on Fly in Fly out mining camps in Australia suggests that some are hotbeds of crime and drug and/or alcohol abuse and like concentration camps – but are they really?
Gold, silver in consolidation phase once more – Phillips
Posted on December 3, 2012
The technical picture for both gold and silver currently still favours the downside, says Julian Phillips.
Gold steady as Chinese data lifts stocks, euro
Posted on December 3, 2012
The gold price firmed on Monday, in line with stock markets and the euro, after Chinese data signalling quicker growth sharpened the appetite for high risk assets.
Polymetal may double Albazino gold project capacity
Posted on December 3, 2012
CEO Vitaly Nesis says exploration results have highlighted the potential of Albazino and pave the way for the expansion decision to be taken in the second half of 2013.
IMF halts DRC loans due to lack of mining transparency
Posted on December 3, 2012
An IMF representative said Monday the fund has halted $240 million in planned loans to the DRC for failing to publish mining contracts as requested.
Vale cuts 2013 spending 24 pct versus 2012
Posted on December 3, 2012
Brazil’s Vale plans to cut capex by 24% next year, after a drop in iron ore prices led the company to rethink its outlook for expansion.
Gold Fields takes $1.5bn demerger loans
Posted on December 3, 2012
Barclays, Credit Suisse and JP Morgan have underwritten a $1.5 billion package to back Gold Fields' demerger of two gold mines and refinance its existing debt.
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