December 17, 2013 $78bn fall in gold assets leads record investor exit from commodities Precious metals main reason behind record decline and outflows from commodity assets under management in 2013.
December 16, 2013 Miners should launch a gold cartel or risk losing everything, advises Stephan Bogner It's no surprise that Stephan Bogner advises investors to hold physical metals outside the banking system, but he also advocates mining companies keeping gold on their balance sheets and forming…
December 16, 2013 Rio Tinto says Chinese now make ‘much higher quality’ mining equipment The CEO of world number two miner Rio Tinto said the quality of Chinese mining equipment is catching up and in some instances surpassing that of the major US manufacturers.
December 16, 2013 Oyu Tolgoi financing commitments extended Company has a few more months to wrangle with the Mongolian government.
December 16, 2013 Primero Mining buys Brigus Gold for $208 million The transaction creates a diversified, Americas-based mid-tier gold producer that would generate the equivalent of 250,000 to 270,000 ounces of gold next year.
December 16, 2013 Brazil’s Vale sells two of its copper mines in Chile Vale got $25 million for the mines, way below the $200 million it had invested on them.
December 16, 2013 Australia’s promise to assist BHP with its Olympic Dam expansion South Australian Premier, Jay Weatherill, has reproached the federal government for saying BHP could resume its Olympic Dam expansion within months, calling it a "cruel hoax."
December 16, 2013 Peru’s mining attracted close to $9bn in investments this year The potential is appealing. Peru holds13% of the world's copper reserves, 4% of gold, 22% of silver, 7.6% of zinc, 9% of lead and 6% of tin reserves.
December 15, 2013 1,500 Barrick workers out of a job as Pascua Lama suspension takes effect The company is cutting its Argentine work force as Chileans work on water treatment facility.
December 13, 2013 Northern Dynasty share price rises 12% as company officially reclaims 100% of Pebble project Northern Dynasty share price gains 12%.
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