With prices sky high, Indians are selling off old jewelry—and it’s taking the shine off gold imports.
Newmont Mining’s exit after more than 30 years illustrates mining companies’ growing difficulties there.
The precious metal was up Wednesday as investors assessed the probability that the Federal Reserve will raise interest rates as early as June.
In the massive Soligorsk mine, workers 2,000 feet below ground are drilling at seams of pinkish rock and rattling a $20 billion commodity market.
U.S. dollar has been strengthening on growing expectation of a Federal Reserve rate rise.
Top Communist Party officials are gathering in Beijing this week to chart China’s economic development for the latter half of this decade – and already, the country’s state-run media are setting expectations.
Thousands of firms scramble for new customers in the US: ‘it’s been catastrophic’
Companies turn to shallow, highly mechanized new mines to keep costs low.
Beware gold bugs bearing cheap equities… Thanks to gold’s swift descent, mining stocks have been crushed in the past month. But bargain hunters should tread carefully.
As industry giants such as Rio Tinto PLC and BHP Billiton Ltd. dig up ever more of the steelmaking ingredient for export, the resulting supply glut has caused prices to slump.
The rapid run-up in Chinese shares this year is dimming the allure of another popular investment: gold. Luckily for fans of the metal, demand is looking healthy in India, the other big retail market in Asia.
Unions are demanding as much as double workers’ current wages.
The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.
Mining for profits in the coal business usually involves mining actual coal. Hong Kong-listed Yanzhou Coal Mining found another source.
Gold prices slipped Monday, after European Central Bank President Mario Draghi reaffirmed that debt-laden Greece won’t be forced out of the eurozone.
Newcrest Mining Ltd. (NCM.AU) and Harmony Gold Mining Co. Ltd. (HAR.JO) will carry out a feasibility study for a possible new gold mine in Papua New Guinea that they forecast will cost US$2.3 billion to begin building, and which they say could start producing metal by the end of the decade.
Workers go unpaid, factories collect dust in one of China’s slowest-growing cities.
The coal industry is in a prolonged slump with a long list of causes topped by sluggish demand and competition from cheap natural gas, which have pushed prices to historic lows.
In a quiet room behind several sets of bulletproof doors, N.B. Parag turned a 141-carat rough diamond in his hands.
The head of a group of Canadian oil sands producers, including some of the world’s biggest energy companies, said Monday that the consortium has committed to reducing the use of fresh water at some operations.
Should the Swiss National Bank SNBN.EB -0.37% buy gold? Lots and lots of gold? The country’s electorate goes to the polls on Nov. 30 to decide.
A proposal that the Swiss National Bank should hold a fifth of its assets in gold and be prohibited from selling the precious metal in the future would severely restrict its ability to conduct monetary policy, the WSJ reports.
Precious-metals prices rose Monday as the U.S. dollar gave way to other currencies, bolstering the allure of dollar-priced commodities to foreign buyers.
Officials believed ally used materials lifted from Pennsylvania toward a weapons program
The world's metal is slipping into the shadows.