A geologist by training, the 62 year old executive has been with the company for 20 years.

Crucially, the assumption in capital markets that gold is no longer money but just an asset or commodity has all but destroyed our understanding of its monetary relationships.

The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.

What do you get if you cross an Australian with a problem?

The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.

New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.

Steep declines in the price of coal have created an emphasis for existing operators to boost their productivity. A recent simulator based training initiative by an underground coal mine in the eastern region of the United States aimed at Continuous Miner Operators led to nearly one million dollars in production improvements in just 90 days.

These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.

APR Energy’s mobile diesel generators have served as the sole power source for the crucial operations of the mine, which operates independently from the local grid system.