MINING.COM

Newcrest’s $2 billion Cadia East project faces legal action from private rivals

Newcrest Mining (ASX:NCM) is accused of licensing breaches by a private exploration company seeking to scupper the gold mining giant's $2 billion Cadia East project.

Marc Howe | October 1, 2012 | 1:03 am

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

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