The Chinese government has halved the number of rare earth mining rights in the country pulling 65 permits in all, according to a report by ChinaDaily USA.
King World News got heaps of bad news from newsletter legend Richard Russell who tells readers to cut back, get rid of debt and prepare for the worst .
Kennady Diamonds Inc. (TSX-V: KDI) added 7% on Thursday after announcing the first new kimberlite discovery at the its 100%-owned Kennady North diamond project in Canada's Northwest Territories.
China represents about a quarter of global demand for the precious metal and allowing the country's banks to trade gold directly with each other should boost demand further.
Barrick Gold Corp. reports second quarter earnings on July 26th, and it has to be one of the most anticipated set of results in the company’s history. New chief executive Jamie Sokalsky will address the broader market for the first time since the shocking ouster of Aaron Regent in June. He is expected to provide more detail on Barrick’s strategic direction.
Silvermet Inc. (TSX-V: SYI) shares dropped 26% on Thursday after the Toronto-based company announced that operations have been halted due to a strike by unionized personnel at the Waelz kiln facility located in Iskenderun, Turkey.
Rio Tinto (LON:RIO) is looking to reduce costs at its Australia’s Clermont Coal Mine, in central Queensland's Bowen Basin, driven by falling coal prices.