Physical ETF outflows persist, but strong market for coins and bars see overall investment demand jump in 2015 according to World Gold Council.
Asia Mining News
The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.
Move is a fresh attempt to curb costly imports and stop precious metals from being used to hide billions of dollars of undeclared "black money".
The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.
The nation has struggled to manage its resources leading to disagreements and protests of mining operations.
Pakistani court agrees to hear claim for diamond from Crown Jewels, once the world’s largest known diamond.
The size of the drop was second only to the $107.9 billion fall in December, the largest monthly decline on record.
On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. […]
During the PFI Awards Dinner held in London on Feb. 3.
After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.
The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.
According to official figures, Iran has now more than $10 billion of investment pledges under its belt.
The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.
The move comes only three months after U.S. President Barack Obama signed a space exploitation law.
Beijing to set up tracing system to determine and certify the origin of the materials.
The government's latest attempt to control gold imports has boosted unofficial trading in the world's second-biggest gold consumer.
Nautilus Minerals Inc. announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools (“SPTs”) from Soil Machine Dynamics Limited’s facility in Newcastle upon Tyne.
More than 200 delegates from the mining, renewable energy and finance sectors attended this event.
Iron ore prices, traditionally influenced primarily by demand and supply factors in the physical market, are showing signs of becoming “financialised” as paper trading increasingly plays a part in driving prices.
These high-grade mines will soon start competing with gold mining's industry leaders.
Ruling opens door for international claims against Kazakhstan.
The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.
Mining hits a BRIC wall.
The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.
Prime Minister's decision wipes out plans to construct 70 large new coal power plants, in favour of gas, and renewables, such as wind and solar.