Jupiter Mines, headed by former BHP Billiton chief Brian Gilbertson, has announced plans to raise AUD$125 million for the expansion of South African and Western Australian resource projects.
Japanese investors are becoming increasingly anxious over industrial relations in the Australian mining sector, in the wake of a long-standing dispute involving Mitsubishi and BHP Queensland coal operations which has now entered its 19th month.
Ample stocks of ore and metal in China, together with overcapacity outside China, means that the nickel market is unlikely to get particularly tight for the foreseeable future.
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.