Transactions on the Mint’s bullion website increased by 25% during the first week of August and there was a 50% weekly jump in sales of gold bars and coins after August 4.
England Mining News
Traders are momentarily based at a windowless disaster-recovery site in Chelmsford, east of London.
Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.
Elevated demand has translated into a 150% increase in revenue for Britain's official producer of gold and silver coins and bars.
Pensioners allowed to buy some of the Royal Mint's gold reserves for the first time.
Martin Abbot says brokers are unhappy with the exchange's new fees as well as the sense that the LME is moving away from its traditional metals trading roots.
Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.
The LME, the world’s biggest metals bourse, has said for years that it wants to expand into London’s gold market.
The offtake deal with Huaken International is for seven years from the moment the York Potash mine is up and running.
Britain’s only potash mine is cutting hundreds of jobs and switching away from potash production in a further blow to industry in north-east England.
The $3.15 billion project will tap into the world’s largest and highest grade deposit of polyhalite, used as a fertilizer, inside the North York Moors National Park.
The last time a vein of Blue John Stone, a legendary semi-precious mineral, was discovered was in the in the XIX century.
The company also said it expects final decision notices for key approvals by the end of September.
A special committee voted 8-7 in favour of the project, expected to generate at least 1,000 permanent jobs and inject US$1.6 billion a year to the British economy.
The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national park.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
Mann, who specializes in brokering mining deals, says he has run out of money.
Bids and offers will be published in real time and the price updated every 30 seconds.
Costs and challenges for mining the Arctic, meanwhile, on their way up.
The application allows users to view selected coal mining information on a smart phone or tablet.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.
This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.
The gem is believed to have landed in a field near the village of Lea in Gainsborough, England.
Only ten finds like this have ever been made in the UK.