Markets single - MINING.COM

Markets single - MINING.COM

Copper $ 5.8395 / lb 2.81%

Brent Crude Oil $ 60.64 / bbl -2.74%

Palladium $ 2023.3 / ozt 9.99%

Crude Oil $ 56.74 / bbl -2.76%

Natural Gas $ 3.879 / Btu 3.91%

Silver Futures $ 79.675 / ozt 9.56%

Aluminum Futures $ 2964.5 / ton -0.20%

Micro Gold Futures $ 4585.7 / ozt 1.51%

Micro Silver Futures $ 79.675 / ozt 10.17%

Platinum $ 2471.4 / ozt 7.77%

Gold Futures $ 4552.7 / ozt 0.65%

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Outer Harbour outta here! When BHP gives up on iron ore growth then you know the mining boom is over

The mining giant is also scaling back or postponing other expensive expansion projects but the pullback in iron ore – by far the Melbourne-based company's most profitable division – is a surprising move and indicative of the cloudy outlook for the commodities business.

Frik Els | August 2, 2012 | 4:00 pm

Add German complications to Papua New Guinea problems for Nautilus undersea mine

The Toronto-based company said in the report it continues to engage the government of PNG in legal proceedings held in Sydney Australia but that it has run into trouble with its German partners building a surface vessel for the operation which would lead to delays.

Frik Els | August 2, 2012 | 2:53 pm

Southgobi up 6% at open as Chalco bid is extended

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) climbed 6.25% on Thursday as markets opened after announcing it was notified by majority shareholder Ivanhoe Mines that […]

Frik Els | August 2, 2012 | 2:07 pm

India’s blackout exposes choice between water and electricity

In India, like in the United States, the power sector is the single largest user of water – more than agriculture. Presuming that India could solve its power problems and build more coal, they would run out of fresh water even faster.

GigaOM | August 2, 2012 | 11:51 am

Kinross dumps CEO

After seeing its share price halved in the past year, the Kinross Gold (TSE:K) board decided to remove Tye Burt and promote Paul Rollinson from Executive Vice-President, Corporate Development to CEO.

Michael Allan McCrae | August 2, 2012 | 5:28 am

What happens to Greece’s gold when they exit the Eurozone?

With Germany’s leaders telling us that the exit from the Eurozone by Greece no longer holds terror for them, we understand that they are prepared for such an eventuality.

Julian D.W. Phillips - Gold Forecaster | August 2, 2012 | 5:24 am

Primero gives Q2 results

"Primero achieved its strongest quarter to date. San Dimas delivered record gold and silver production, record profit margins and record operating cash flow for Primero."

Joshua Zapf | August 2, 2012 | 1:25 am

Three people shot dead after mob rushes Aquarius Platinum mine

Three protestors are dead and 20 are injured at Aquarius Platinum's Kwezi shaft when 200 disgruntled former contractors, some carrying petrol bombs, forced their way onto the company's property.

Michael Allan McCrae | August 1, 2012 | 10:58 pm

Royal Nickel gets $12 million of government help for its $1.8 billion Dumont nickel project

Royal Nickel (TSE:RNX) announced that the Ressources Québec, a resource investment arm run by the province, gave the company $12 million in return for 0.8% of the net smelter return of the Dumont Nickel Project.

Michael Allan McCrae | August 1, 2012 | 10:28 pm

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