MINING.COM

Draghi drags gold under $1,600

Gold dropped 1% to below $1,600 an ounce for the first time in a week on Thursday after disappointment over efforts to stimulate the economy from the US Federal Reserve was followed by more of the same from the from the European Central Bank.

Frik Els | August 2, 2012 | 7:28 pm

British Columbians open to pipeline but still no traction for the premier

Half of British Columbians could be convinced that building the Northern Gateway Pipeline is a good idea, as long as economic and environmental considerations are addressed, but Premier Christy Clark can't capitalize.

Michael Allan McCrae | August 2, 2012 | 7:15 pm

Buffet’s railways switch from coal to oil

Don't worry, Warren Buffet who spent $26.5 billion on acquiring Burlington Northern Santa Fe railroad and Union Pacific Corp. is weathering the coal downturn by switching to oil and gas made plentiful by the hydraulic fracturing glut.

Michael Allan McCrae | August 2, 2012 | 6:35 pm

Outer Harbour outta here! When BHP gives up on iron ore growth then you know the mining boom is over

The mining giant is also scaling back or postponing other expensive expansion projects but the pullback in iron ore – by far the Melbourne-based company's most profitable division – is a surprising move and indicative of the cloudy outlook for the commodities business.

Frik Els | August 2, 2012 | 4:00 pm

Add German complications to Papua New Guinea problems for Nautilus undersea mine

The Toronto-based company said in the report it continues to engage the government of PNG in legal proceedings held in Sydney Australia but that it has run into trouble with its German partners building a surface vessel for the operation which would lead to delays.

Frik Els | August 2, 2012 | 2:53 pm