Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.
Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.
Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.
BMO Capital Markets warns miners should prepare for a “prolonged period of sub-US$1,200/oz gold prices.”
Anglo's chief warned the company plans to take severe measures over the next two years.
Gold seems to be the most ancient metal.
The United States is wagging its finger at Zimbabwe, threatening to ratchet up sanctions over a plan to develop a platinum mine involving Russian and Zimbabwean companies.
Gold prices climbed slightly Thursday, while silver hit its lowest level since March 2010.
Fresh selling sees gold price end September down 6% vs historical average gain of 3%, silver tanks 13%, platinum drops 9% and palladium collapses 15% over the course of the month.
For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.
Experts don't expect gains to last for long.
Founder of Jefferson Financial, producer of the New Orleans Investment Conference and Gold Newsletter, believes at least a small amount of the massive liquidity produced by loose monetary policy in Western economies will find its way into mining equities .
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
The ironic thing is that futures speculators fantastic Q2 2013 gold-downside bet hasn’t worked very well since then.
Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.
There's a history there of course. Just ask Mick Davis.
Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.
Here is one interpretation of when we’ll run out of each metal or energy source.
But platinum slide continues despite Ukraine escalation.
Capital raising for exploration up more than 32%.
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