Gold price plunges to February lows
A one-two-three punch saw the gold price drop more than 2% on Tuesday to trade at a three-and-a-half month low and $115 an ounce below its 2014 high.
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Vale’s New Caledonia nickel plant under siege, up to $30m in damage
Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.
Barrick Gold Class Action – Robertson Stromberg LLP Files Statement of Claim Against Barrick Gold and Other Defendants
The detailed claim alleges there were misrepresentations in Barrick's public disclosure relating to Barrick's development of the Pascua-Lama mine located on the border between Chile and Argentina.
US imposes extra conditions for potential approval of Keystone XL pipeline
Decision was based on the discovery of potentially dangerous construction defects, such as bad welds.
Utah oil sands project nearing construction
Mining process eliminates need for tailings ponds, uses extract from orange peel for oil and sand separation and recycles 95% of the water used:
Game-changing $20 billion African iron ore deal signed
Cost of building Infrastructure to support 100mt of ore related to Rio Tinto's giant Simandou iron ore mine in Guinea alone estimated at over $13 billion.
Switzerland last year exported $132 billion of gold
The European nation is the conduit for gold moving from West to East and business soared 77% year on year.
Areva reaches uranium mining deal with Niger, delays project
The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.
Austria sending auditors to check gold held by Bank of England
Austria, unnerved by Germany's experience with the US Fed and mindful of Brown's Bottom, is sending auditors to London to verify existence of its bullion reserves.
