Precious metal prices to remain under pressure
Gold and silver prices will remain under pressure says broker and research company Nirmal Bang.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
INFOGRAPHIC: Chinese investments overseas
China is about to set a record year for outbound M&A, especially if the impending $15.1 billion CNOOC - Nexen deal sees the light before the end of 2012. So where and how much is China investing these days? Firmex came up with a great infographic that explains it all.
Deadly accident at Alpha Natural Resources mine
A 27-year-old worker died Friday in an accident at a Greenbrier County coal mine, owned by a subsidiary of Virginia-based Alpha Natural Resources (NYSE: ANR).
Canadian miners to face triple whammy in 2013: higher costs, lower ore grades and global uncertainty
Study suggests companies to invest now and so ensure they can fulfill future global demand for commodities.
Canada’s coal port plans anger activists
Climate change activists are calling for a halt in Canada’s plans to build a new coal export terminal on British Columbia’s Fraser River and expand an existing one in North Vancouver.
Lucara gets $4.5 million for rare blue diamond
Canada's Lucara Diamond Corp. (TSX:LUC) sold a 9.46-carat blue diamond for $4,515,000 or $477,272 per carat as part of a diamond sale this week.
Mining giants seek world’s second-largest undeveloped copper mine
Vale (NYSE:VALE), Teck (NYSE:TCK) and Freeport-McMoRan (NYSE:FCX) are some of the names analysts are throwing into the pot as the next likely bidders for Inmet MiningCorp. (TSX:IMN), which owns the world’s second-biggest undeveloped copper deposit, in Panama.
Cameroon a step closer to $4.7 billion iron ore mine
Australian Sundance Resources (ASX: SDL) announced Friday it has signed a contract with the government of Cameroon, which paves the way for a mining permit and the beginning of construction of the $4.7 billion Mbalam iron ore project, straddling the border with the Democratic Republic of Congo.
Lynas gets Malaysian rare earths plant going
After months of polemic and legal battles, Australian rare earths miner Lynas (ASX:LYC) has finally begun production at its Malaysian processing plant following a recent court triumph.
Turkey says Iran buys gold to evade U.S. sanctions
Turkey's deputy minister said on Thursday that Iran has evaded U.S. economic sanctions in the last six months by using Turkish payments for energy to import gold.
First Quantum credit outlook improves on Cobre Panama progress
S&P has revised the miner’s rating to positive from negative on improved liquidity and a likely 2026 restart of its key copper mine.
