Europe

Chile’s mining sector to double energy demand by 2025

Cecilia Jamasmie | November 27, 2014
Chile’s mining sector to double energy demand by 2025

These are not very good news for the energy-starved copper producing nation.

Deutsche Bank shuts down physical precious metals trading

Bloomberg | November 27, 2014

Deutsche Bank is winding down its physical precious metals trading business, it said on Thursday, moving to further scale back its exposure to commodities.

Frik Els

Ed Moy: World entering era of greater gold transparency

Frik Els | November 27, 2014
Ed Moy: World entering era of greater gold transparency

Edmund C Moy, Fortress Gold strategist and former US Mint director, discusses paper versus physical gold, Asian demand, central bank mistrust and Fort Knox.

For sale: Quarry used as a set for Dr. Who, Wrath of the Titans

Michael Allan McCrae | November 27, 2014
trefil quarry dr who for sale movie famous feat

Other films include Clash of Titans and Hitchhikers Guide to the Galaxy.

Price fixing lawsuits come to platinum, palladium market

Frik Els | November 26, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.

Analyst: Glasenberg could grab Rio by way of China

Frik Els | November 26, 2014
Analyst: Glasenberg could grab Rio by way of China

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Cecilia Jamasmie | November 26, 2014
When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

France may be next in line to bring its gold back

Cecilia Jamasmie | November 26, 2014
France wants its gold back

France is the world's fifth-largest holder of gold, only behind the U.S. Germany, the IMF and Italy.

Germany begs Sweden for more coal

Frik Els | November 24, 2014
nuclear 333

Germany's phasing out of nuclear power and clean energy plans aren't going so well.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

LiDAR survey discovers Roman gold mines in Spain

Andrew Topf | November 23, 2014
hercules_roman_mine_fight_gabriel_resources

The existence of 2,000-year-old gold mines was confirmed by an aerial survey done last week above the northwestern province of León, using laser technology.

Greek dilemma: Are new jobs created by gold mine worth the ecological risk?

Yahoo! | November 23, 2014

One of Europe's richest fields of gold and other key metals has reopened, and the prospect of a further expansion is pitting locals worried about farming, fishing, and tourism against those eager for jobs amid severe economic crisis.

There's gold in them thar Welsh valleys

The Telegraph | November 23, 2014

Stellar Resources has made a new discovery at the Clogau St David mine from which the metal for Kate Middleton's wedding ring was extracted,

The Dutch do what the Germans couldn't: Get their gold back

Frik Els | November 21, 2014
The Dutch do what the Germans couldn't: Get their gold back

De Nederlandsche Bank secretly brought 120 tonnes of the European nation's gold reserves held by the Fed in New York back to Amsterdam.

Gold price crushed to deter support for Swiss initiative: report

Cecilia Jamasmie | November 20, 2014
Gold price crushed to deter support for Swiss initiative: report

British fund manager Ben Davies says that gold prices’ most recent collapse is part of central bank efforts to discourage Swiss voters from supporting the gold initiative to be decided at referendum on November 30.

The ECB's gold buying idea is a non-starter

Frik Els | November 19, 2014
The ECB's gold buying idea is a non-starter

3 reasons why the Fed, Bank of England and Japan never took it seriously.

A Russian miner, a good camera, the arctic tundra: here’s the result

Cecilia Jamasmie | November 19, 2014
A Russian miner, a good camera, the arctic tundra: here’s the result

Ivan Kislov is a young Russian mining engineer who spends his breaks taking breath-taking photographs of wild animals, mostly foxes, in the arctic tundra.

Uralkali stock plummets on evacuation of potash mine

Cecilia Jamasmie | November 18, 2014
Uralkali stock plummets on evacuation of potash mine brine inflows

The world’s largest potash supplier had to evacuate workers from its Solikamsk-2 mine in Russia’s Perm region due to an increase in brine inflow.

Stans mining licence rightfully acquired — Kyrgyz Supreme Court

Cecilia Jamasmie | November 18, 2014
Withdrawal of Stans licence is illegal — Kyrgyz Supreme Court

Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine in December 2009, but a local company had claimed being the rightful owner of such permit.

Blood diamonds still at Central African mining sector’s heart

Cecilia Jamasmie | November 18, 2014
Blood diamonds still at Central Africa mining sector’s heart

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

Swiss yes vote won't really boost gold price

Frik Els | November 17, 2014
Swiss yes vote won't really boost gold price

Switzerland has to buy up to 1,800 tonnes of gold in a yes vote, but Deutsche Bank says window dressing using derivatives would limit impact on gold price.

German scientist makes diamonds from peanut butter

Cecilia Jamasmie | November 17, 2014
German scientist makes diamonds from peanut butter

It’s probably one of the first cases ever reported where the tasty spread has been used to produce synthetic gems.

Brand new hydraulic mining shovel from Cat

Caterpillar | November 17, 2014
hydraulic shovel caterpillar buama

A 22-tonne payload and 220-tonne operating weight

Billion tonnes? Some DSO? A copper discovery in progress

Mineweb | November 16, 2014

Cukaru Peki was one of the most interesting finds in recent years.

Russia's gold and the end of the American empire

kingworldnews | November 16, 2014

On the heels of a massive rally in the gold and silver markets, the top trends forecaster spoke with King World News about Russia’s stunning moves in the gold market, and why this spells the end of America’s dominance of the world.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

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