U.S. Fifth Fleet says won’t allow disruption in Hormuz
The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran […]
Latest Stories
Protests and deaths in Indonesia force Australian gold exploration company to halt activities
Arc Exploration Limited (ARX), an Australian gold mining exploration company with presence in Indonesia, has halted activities at a project in Bima, after a violent protest at the nearby port of Sape last week that left two people dead.
London copper slips, breaking four days of gains
Prices of copper on the LME fell on Wednesday after poor housing data in the US raised concerns that demand for the metal could wane
Areva in talks to sell Eramet nickel mining stake
French nuclear giant Areva says it is in talks to sell its 26% stake in major nickel miner, Eramet (formerly Soc. Le Nickel) with major operations in New Caledoinia.
The largest storage dome in South America, constructed over an operating stockpile
Located at over 4,000 meters above sea level in the Altiplano of the Andes Mountains, the San Cristobal Mine is the largest mine in Bolivia. The open-pit silver, lead and zinc mine’s production process requires the transportation of 150,000 tons of rock, and the processing of 40,000 tons of mineral daily.
Three decades of oilsands development viewed from space
NASA put together time-lapse satellite images of development around the Millenium Mine and the Athabasca River.
Crumbling confidence in government and banks will continue to propel precious metals
The current bull market in precious metals is set to hit new heights in the coming years, but many financial types still do not fully grasp the implications of what is driving the rise in gold and silver prices. In order to understand the nature of thi...
China cracks down on gold exchanges
Governments hate competition. Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever.
