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Protests over Newmont mine resume in Peru

LIMA (Reuters) - Foes of Newmont Mining's $4.8 billion Conga project resumed their protests in Cajamarca on Monday but turnout was weak nearly a month after the government cracked down on environmental activists it labeled as intransigent. About 1,...

Gold down 2 pct, at 3-month low as dollar surges

Gold fell 2 percent to a three-month low on Wednesday, as the dollar rallied against the euro on more jitters about European debt, while losses in U.S. equity and commodity markets triggered a technical sell-off of the precious metal.

Barrick Gold Corporation (ABX): Zacks rank buy

Estimates are rising on this gold mining giant as gold trades near record highs. (NYSE: ABX - News) is expected to see 43% earnings growth in 2011. Yet this Zacks #2 Rank (buy) is still cheap. Barrick is one of the largest gold mining companies in the

Cliffs climbs to $103 despite production snafus

Cliffs Natural Resources’ plans to restart coal mining operations at its Pinnacle coal mine in West Virginia after a major setback with regulatory agencies turning down its remediation plan to address the carbon monoxide detected in the mine. The company had to shut down operations at the underground mine in late May after high levels of the poisonous gas were detected.

Morgan Stanley commodities risk down in Q2 vs Q1

NEW YORK (Reuters) - Morgan Stanley's commodities trading risk fell in the second quarter from the first, lagging Wall Street rivals such as Goldman Sachs and JPMorgan, which raised risks in the same period for trading raw materials derivatives. While

MCX gold futures seen at record

India's gold futures are likely to open a tad higher on Wednesday morning, recovering from previous session's losses to hit another record high, following firm overseas markets, analysts said.
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India to talk with Indonesia on proposed coal export curbs

Expressing concern over the proposed restrictions on export of certain grades of coal by the Indonesian government, India Saturday said it would try to find a solution through bilateral talks.