Arrium Mining surges after spurning billion dollar bid
Australian steelmaker and iron miner Arrium (ASX:ARI) has seen its shares surge after rejecting a $1 billion takeover bid for the company's mines and blast furnace.
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38 Chinese nationals deported from Ghana for illegal gold mining
38 Chinese nationals caught mining for gold illegally in the west African nation of Ghana have been arrested and deported.
Newcrest’s $2 billion Cadia East project faces legal action from private rivals
Newcrest Mining (ASX:NCM) is accused of licensing breaches by a private exploration company seeking to scupper the gold mining giant's $2 billion Cadia East project.
Lonmin concessions and AngloGold closure heighten contagion concerns
The closure of AngloGold Ashanti's (NYSE:AU) nation-wide operations and Lonmin's concessions to striking workers (LSX:LMI) have raised concerns that unhealthy precedents are being set for future industrial unrest.
Finland has plans afoot to phase out coal
Finland could become the first European country to end usage of coal in energy production.
Binge-drinking broker pushes oil prices to 8-month high during black out
The actions of an inebriated broker during a booze-induced black-out pushed global oil prices to an 8 month high.
Xstrata board endorses Glencore merger deal just shy of deadline
Xstrata's board will recommend the merger of the company with fellow Swiss commodities giant Glencore.
IMF earmarks $2.7 bn in gold sales windfall for concessional lending to needy economies
The International Monetary Fund has given the go ahead to the use of USD$2.7 billion in profits from gold sales to ramp up financial assistance to developing economies.
Gold set to rise on inclusion as Tier 1 banking asset
Gold prices are set to a receive a major boost from their adoption by banks are a core asset if the world's leading banking regulatory authority opts to raise their asset status.
