Roubini still sees $1,000 gold
The cofounder and chairman of Roubini Global Economics, also known as Dr. Doom, said this week’s US Federal Open Market Committee meeting drive gold prices lower.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Brazil new mining code ‘too rushed to be good’— critics
President Dilma Rousseff is allowing only 90 days for public debate on the new law draft.
South African gold producers declare labour dispute with miners: mediation needed
If mediation fails, employees are legally allowed to go on strike.
Russia increased gold holdings in June, ninth consecutive month
The country’s gold reserves total now 996.4 tonnes, making it the world's seventh largest bullion holder.
Copper down nearly 3% on China growth woes
Still on track for its third weekly increase in four.
De Beers adds some sparkle to reporting season: production up, sales of $3.3bn
World's top diamond producer expects the global polished diamond market to grow more than 2% this year driven by improving US demand.
Weak gold prices, Australian charge drive Newmont’s $2bn loss
And sales declined 11% to $1.99 billion.
Anglo’s Cutifani won’t take ‘unacceptably poor’ performances any longer: heads may roll
He also cut down his executive team and said at least half of Anglo’s $17 billion project pipeline will be shelved or cancelled.
American businessmen accused of using fake gold mine to get $1m from investors
Bogus mine was supposed to be in the Philippines.
Keystone XL fails to meet Obama’s conditions: Redford
Because it would trigger the expansion of the oil sands, causing carbon pollution to increase by more than 1.2 billion tonnes over its 50-year life,
Zanaga Iron lines up $25M in deal with Red Arc
Binding term sheet offers staged funding, a path to majority control of the Zanaga project in DRC, and a 1% royalty.
