MINING.COM

Lonmin concessions and AngloGold closure heighten contagion concerns

The closure of AngloGold Ashanti's (NYSE:AU) nation-wide operations and Lonmin's concessions to striking workers (LSX:LMI) have raised concerns that unhealthy precedents are being set for future industrial unrest.

Marc Howe | October 1, 2012 | 12:26 am

Finland has plans afoot to phase out coal

Finland could become the first European country to end usage of coal in energy production.

Marc Howe | September 30, 2012 | 4:04 am

Binge-drinking broker pushes oil prices to 8-month high during black out

The actions of an inebriated broker during a booze-induced black-out pushed global oil prices to an 8 month high.

Marc Howe | September 30, 2012 | 3:41 am

Xstrata board endorses Glencore merger deal just shy of deadline

Xstrata's board will recommend the merger of the company with fellow Swiss commodities giant Glencore.

Marc Howe | September 30, 2012 | 3:17 am

IMF earmarks $2.7 bn in gold sales windfall for concessional lending to needy economies

The International Monetary Fund has given the go ahead to the use of USD$2.7 billion in profits from gold sales to ramp up financial assistance to developing economies.

Marc Howe | September 30, 2012 | 2:40 am

Gold set to rise on inclusion as Tier 1 banking asset

Gold prices are set to a receive a major boost from their adoption by banks are a core asset if the world's leading banking regulatory authority opts to raise their asset status.

Marc Howe | September 30, 2012 | 2:05 am

Laboratory-made diamonds a rising ‘conflict-free’ alternative

Laboratory grown diamonds have the potential to become the best “conflict-free” alternative to original precious gems, as these man-made rocks are gathering momentum in the high-end jewellery world, says Clive Hill, founder and president of Washington Diamonds.

Cecilia Jamasmie | September 29, 2012 | 9:22 pm

Barclays opened precious metals vault in London

British bank Barclays opened its first precious metals vault on the outskirts of London that caters to institutional investors, sovereign-wealth funds, central banks and commercial banks.

Cecilia Jamasmie | September 29, 2012 | 5:38 pm

Ancient Buddhist statue found in Tibet carved from meteorite

A Buddha statue looted by Nazis in Tibet in the 1930s was carved from the Chinga meteorite, which crashed to the Earth 15,000 years ago, revealed Elmar Buchner of the Planetology Institute at Stuttgart University.

Cecilia Jamasmie | September 29, 2012 | 4:34 pm

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