DEUTSCHE BANK Mining News

Venezuela’s foreign reserves hit by expired $1.7 billion gold swap with Deutsche

Bonds issued by Venezuela and PDVSA were down across the board on Monday, with some falling as much as 2.5 points.

Denmark's largest energy firm to ditch coal by 2023

Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.

Deutsche Bank won’t finance any coal projects any longer

It has decided not to finance any greenfield thermal coal mining or coal-fired plants and it will also reduce its existing exposure to the sector.

Another banking crisis begins?

Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, discuss Deutsche Bank's latest movements and what a bailout could look like.

Deutsche Bank ditches coal investments

The German banking giant is the last lender to pull back from the embattled coal sector.

Gold market waves near century-old price fix good-bye

Thursday will be the last time traders at four banks agree by phone twice-daily prices for bullion.

New York court to rule on most London gold fix lawsuits

The 18 cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing a putative class-action against the five banks that make up the fix.

Scotiabank, Deutsche, HSBC accused of rigging silver price

The three banks have been accused of fixing the price of trillions of dollars worth of silver.

Gold fix operator picks committee to oversee spot price

The company’s new board is made up of compliance officers at the four banks that currently operate the gold prices setting process.

Gold industry to explore ‘fix’ reform

The move could hasten the end of the 95-year-old bullion benchmark.

Deutsche Bank opens massive bullion vault in London

With a capacity of 1,500 tonnes.

Deutsche Bank won’t fund Barrier Reef port expansion

The bank says it won't finance a project whose effects are still being debated.

Deutsche Bank leaves seat on London gold and silver fix

Resignation leaves four banks to oversee the gold fix and only two to determine global silver prices.

Another lawsuit against London gold fix banks

Barclays' share price suffers.

Deutsche Bank exits from gold, silver price-setting amid probe

Europe’s biggest investment bank by revenue will no longer participate in the price-setting process for gold and silver, or fixing.

Germany repatriated 37 tons of gold in 2013

Final goal is to store half the national reserves of the precious metal, or about 3,400 tons, in its own vaults by 2020.

Michelin Restructuring Program Could Save 150 million euros Annually

Michelin’s domestic labour reorganisation program, (announced on June 17) will save the company between 100 and 150 million euros a year, according to Deutsche Bank research analyst Gaetan Toulemonde….more at Tire Review Online