Banks, metal warehouses and the ‘dark inventory’ game
FT's John Gapper writes: "This abrupt integration of metals trading and storage echoes how banks piled into subprime mortgages before the 2008 crisis."
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Australian coal industry costs of 2013 revealed
R2Mining has just released the 2013 Australian Coal Cost Guide (ACCG) and Australian Metal Cost Guide (AMCG) - industry’s most comprehensive data source of current, reliable information for mining companies, mining schools and government agencies.
Simandou railway shows how ‘politics can interfere with economics’ in Africa
Simandou is one of the richest concessions in all of mining with in excess of 26 billion tonnes of high grade iron ore.
Strong charts fuel PLS project takeover speculation – Canadian uranium
PLS project in Northern Saskatchewan is a 50/50 joint venture held by Fission Uranium and Alpha Minerals, fuelling demand for the shares of both companies.
Roubini still sees $1,000 gold
The cofounder and chairman of Roubini Global Economics, also known as Dr. Doom, said this week’s US Federal Open Market Committee meeting drive gold prices lower.
Brazil new mining code ‘too rushed to be good’— critics
President Dilma Rousseff is allowing only 90 days for public debate on the new law draft.
Cardero shareholders rush for exits after creditors allege default
Vancouver explorer, already down 80% this year fell again on Monday after note holders demanded payment after alleged defaults.
Turquoise Hill sell-off intensifies after Oyu Tolgoi expansion is put on hold
Turquoise Hill Resources, operator of the massive Oyu Tolgoi mine in Mongolia, dropped 18% to a multi-year low on Monday after a $5 billion expansion was put on hold.
South African gold producers declare labour dispute with miners: mediation needed
If mediation fails, employees are legally allowed to go on strike.