Moderate net hedging by gold producers is expected for the full year, but GFMS-SocGen stressed that it did not mean a shift in management attitude towards hedging.
Kyrgyzstan's economy will grow by barely a quarter of the 7.5 percent originally forecast because of the collapse in output from the nation's flagship venture with Canada's Centerra Gold.
Thoughtful regulation in moderation is needed to maintain healthy competition. Sporting events need referees and officials to keep the game fair and exciting—no spectator wants them to control the outcome.
The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.
A vital revenue stream for platinum miners — chrome ore — may be choked off if ferrochrome producers are successful in lobbying for a protectionist export tariff of $100/ton in their desperate attempt to protect their own businesses from China’s burgeoning chrome refiners.
Mining executives don't see a lot of sunshine in 2012 and a full 20% have started laying off workers, according to a report by Business in Vancouver and the Mining Recruitment Group.