Swiss National Bank losses $20bn due to falling gold prices
Despite the negative figure, it reported a profit of $6.2 billions for the first half of 2013.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Extensive damage but no deaths in Florida’s gas plant blasts
At least eight people were injured by a series of overnight explosions at a gas plant in the US state of Florida.
Fresh wave of violence strikes South African mines: eight dead
Clashes between illegal miners and an unexplained incident near Lonmin's Marikana mine fuel concerns of a new wave of violence across the mining industry.
Tanzanians sue African Barrick Gold for alleged deaths
Claimants allege African Barrick failed to curb the use of excessive force at its North Mara mine on a regular basis over the last three years.
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.
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.
Malaysia probes Lynas’ Pentagon rare earths supply deal
Lawmakers review defence supply agreement as pressure grows over rare earth exports linked to US military procurement.