An average of $36.9 billion of gold changed hands each day in the city’s over-the-counter market.
London Mining News
Strongbow Exploration plans to bring the mine back into production following a proposed dual listing on London's AIM market.
The Daily Mail published controversial images of Bristow posing next to dead elephants.
This week, it seems everybody has something in common: they’re all copper bulls.
London Metal Exchange (LME) on-warrant aluminium stocks, metal not earmarked for delivery, are at their lowest since January 2006.
The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.
The activists protested against the Salamanca project, Berkeley Energia’s flagship mine located on the Retortillo-Santidad uranium deposit.
The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".
The high levels of gold sales was a record for the store which opened in January 2016 and was roughly double its previous best month.
MICROMINE will be exhibiting its intuitive software solutions at Mines and Technology conference in London from the 27th of November through to the 30th November.
This year’s Mines and Technology show in London will be focussing on the digital transformation of mine operations.
Mines and Money London will be hosting former leader of UKIP, Nigel Farage at this year’s show and will join 200+ speakers including Robert Friedland, Peter Grosskopf and Arron Banks.
This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.
The London Metal Exchange sought on Thursday to win back trading volumes by proposing a cut in fees for trades crucial to its physical user base as rivals gear up to offer alternatives.
The LME’s previous attempt at trading gold lasted only three years .
“The market is currently built on hearsay, and rumors,” said one source close to the situation.
When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.
Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.
Thursday will be the last time traders at four banks agree by phone twice-daily prices for bullion.
The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.
The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.
Bids and offers will be published in real time and the price updated every 30 seconds.
That is worth around $534-$854 million, based on prices of $6,675 per tonne.
Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.