Heard the rumour China is buying 6,000 tonnes of gold? It may not be as crazy as it sounds
“There’s a significant discrepancy between domestic gold demand in China and the level of Chinese gold imports and production."
Latest Stories
Oyu Tolgoi start-up, costs under threat from Mongolia–China stand-off
Rio Tinto would have to build its own power plant and delay commercial production if the two nations cannot come to a deal during long-running power negotiations.
PotashCorp shuts mine and Vale delays major project as potash prices decline
The downturn in potash prices claimed more victims this week.
Latest on South Africa mine clashes: 44 dead, 78 injured, 259 arrested
A standoff between hundreds of strikers wielding pangas and sticks at London-listed Lonmin's Marikana mine ended when police began firing on a surging crowds leaving many dead.
Anglo American completes acquisition of De Beers
Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond mining, distribution and marketing company for more than 80 years.
John Paulson’s huge bet on gold
Buckle up John Paulson investors. Bloomberg reports that the billionaire hedge fund manager has put 44% of his firms assets into gold.
Central banks double last year’s gold buys
Central banks demand for gold in the second quarter reached 157.2 tonnes, a record high and more than double last year's Q2.
Company donates Heavy Equipment for Training Program
As kamloopsnews.ca reports, the Thomas Rivers University received current-model machines for their training program for heavy equipment operators. The donation, made by […]
And you thought Molycorp had it tough: Some Chinese REE miners report 90% drop in earnings
Downstream companies are playing a wait and see game, hoping to capitalize if rare earth prices decline further.