Europe

Canpotex finalizes pricing deal with China

Cecilia Jamasmie | March 30, 2015
Canpotex finalizes pricing deal with China

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

Randgold considers acquisitions amid gold mining industry crunch

Cecilia Jamasmie | March 30, 2015
Randgold considers acquisitions amid gold mining industry crunch

CEO Mark Bristow said the current squeeze on the gold sector has created growth opportunities.

BHP wants strikes to be ‘last resource’ for workers

Cecilia Jamasmie | March 30, 2015
BHP wants strikes to be ‘last resource’ for workers

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

Is Northern Europe the new mining Eldorado?

It is predicted that northern Europe will soon host more mining projects.

Gold price leaps past $1,200 on safe haven buying

Frik Els | March 26, 2015
Gold price leaps past $1,200 on safe haven buying

Gold price jumps nearly 2% as Egypt gets involved in Yemen conflict, but resurgent dollar cuts into gains in New York trading.

Glencore shutting down its West Wallsend coal mine in Australia

Cecilia Jamasmie | March 26, 2015
Glencore shutting down its West Wallsend coal mine in Australia

The firm said poor coal prices meant it would not make sense to extend the life of the mine.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

A major diamond auction in Antwerp just flopped and it could mean trouble for the diamond industry

Business Insider | March 25, 2015

Diamond giant De Beers recently predicted a demand increase this year but that didn't prevent the latest major diamond sale in Antwerp from failing to sell all the stones on offer.

This Easter bunny has diamond eyes. Oh, yes, and it costs $49K

Cecilia Jamasmie | March 25, 2015
This Easter bunny has diamond eyes. Oh, yes, and it costs $49K

It took a world-renowned master chocolatier, cocoa from Tanzania, two solitaire diamonds and some gold to create this extravagant and expensive chocolate Easter bunny.

Cecilia Jamasmie

Belaruskali deal with China dents other players’ chances

Cecilia Jamasmie | March 24, 2015
Belaruskali deal with China dents other players’ chances

The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.

Gold price history in major world currencies vs stock performances

Gold-Eagle.com | March 23, 2015

The following charts clearly demonstrate gold’s fantastic price appreciation during the past 14 years.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

John Browne - Euro Pacific Capital

European QE creates distortions in world economy

In the closing months of 2014, Germany faced a difficult dilemma.

The new order emerges

GoldMoney | March 20, 2015

China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan.

Caterpillar Feb. sales down 11%

Cecilia Jamasmie | March 19, 2015
Caterpillar Feb. sales down 11%

The company experienced a annual drop in the resource industries segment sales in every geographic region except Asia/Pacific.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

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

Cecilia Jamasmie | March 18, 2015
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.

How top gold producers margins are being squeezed

Vladimir Basov | March 17, 2015
How top gold producers margins are being squeezed

In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.

Iron ore price claims another victim

Frik Els | March 17, 2015

Sweden's Dannemora stop production over liquidity problems.

The New London gold fixing

The London Gold Fixing, the twice daily gold pricing mechanism at which the bulk of physical gold transactions take place is changing dramatically.

Potash producers rejoice — China likely to pay more for it this year

Cecilia Jamasmie | March 17, 2015
Potash producers rejoice — China likely to pay more for it this year

According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.

After Finland buy, fund seeks met coal, base metal mines

Frik Els | March 16, 2015
After Finland buy, fund seeks met coal, base metal mines

Former Anglo-exec running hedge fund's mining business wants to follow up Talvivaara nickel acquisition with zinc, nickel, copper and coking coal deals.

This ‘perfect’ diamond could fetch up to $25 million in NYC next month

Cecilia Jamasmie | March 16, 2015
This ‘perfect’ diamond could fetch up to $25 million in NYC next month

The gem, discovered a decade ago at one of De Beers mines in South Africa, is one of just five diamonds over 100 carats and of comparable quality to have been offered at an auction.

Chile’s court halts operations at Antofagasta copper warehouse

Cecilia Jamasmie | March 16, 2015
Chile’s court halts operations at Antofagasta copper warehouse

This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.

Norway's sovereign wealth fund drops over 50 coal companies

The Guardian | March 16, 2015
old map of norway with flag on country territory

Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.

Brussels airport diamond heist: police launch fresh raids

Expatica Netherlands | March 15, 2015

Belgian authorities are hoping they have made a major breakthrough in solving a heist of diamonds and gems worth some 40 million euros ($42 million) at Brussels' international airport two years ago.

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