Gold getting knocked down again
Gold prices continued to nose-dive on Thursday, falling around 2,5% this morning to $1,329 after hitting a low $1,326 earlier.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Legal hurdles could hinder Canadian gold miner plans in Brazil’s Amazon
Prosecutors argue Belo Sun Mining Corp. has failed to study the impact on Amazon communities.
Gabriel Resources ready to sue Romania for over $4bn
The debated mine has cost the company more than $580 million, a dramatic loss in market value and no fewer than seven different CEOs.
Rio Tinto’s Oyu Tolgoi new CEO set to end mine’s disputes
During the board meeting scheduled for this week, Kinnell is likely push for an end of some of the several points of dispute over Oyu Tolgoi.
African Barrick COO quits, sends stock nose-diving
Only three weeks after the miner announced it was replacing its CEO Greg Hawkins.
TransCanada $12bn west-east pipeline to create 10,000 jobs—report
Report prepared by Deloitte & Touche shows the pipeline could also generate $10 billion in GDP just in the construction phase.
Chinese bidders may be allowed to compete for Glencore Xstrata $5bn Peru mine
Las Bambas expected to produce more than 400,000 tonnes of copper a year, as well significant quantities of gold, silver and molybdenum as by-product.
Gold Fields faces SEC probe over black-ownership deal
Body is trying to determine whether the black economic empowerment (BEE) deal helped Gold Fields to secure its mining license for the South Deep operation.
Glencore Xstrata to list in S.Africa, ignores country’s issues
Unlike his peers, the company’s chief executive Ivan Glasenberg, is not afraid of betting on Africa’s largest economy.
Centerra Gold, Kyrgyz government approach agreement on Kumtor mine
Parties reached agreement that would allow Kyrgyzstan to hold a 50% stake in a joint venture that would own Kumtor.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
