Strike gets Gold One to gut guidance
With an illegal strike on its hands Gold One has reduced its guidance, originally set at 300 000 oz, down to 250 000 oz.
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Consol’s conveyor calamity
'Structural failure' at CONSOL Energy's mine and preparation plant in Pennsylvania has the company reporting that the Bailey and Enlow Fork mines could be fully impacted for the next two weeks.
Blackwood trading halt casts further doubt on Tinkler’s AUD$5 billion bid for Whitehaven Coal
A trading halt on Blackwood Corp (ASX:BWD) shares has cast further doubt upon Australian mining magnate Nathan Tinkler's audacious AUD$5.3 billion privatization bid for Whitehaven Coal (ASX:WHC).
Tanzania demands 30% tax from gold miners on grounds of rising prices
The gold-rich African nation of Tanzania has introduced a 30% corporate tax for mining companies in operation for more than five years, stating that the move is justified by rising precious metal prices on the international market.
Gold equity funds post dire performance
Gold equity funds have posted a baneful performance in the past year despite firm gold prices and rich returns from gold ETF's.
Platinum underperforms gold due to lack of respectable safe-haven status
Platinum's poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of storing value.
Funeral company brings fresh meaning to the phrase ‘diamonds are forever’
A US company is providing a novel new service to the recently bereaved by converting the remains of deceased loved ones into one of the world's most imperishable substances - genuine diamonds.
Indian miners accuse government of causing artifical iron ore shortage
India’s merchant miners have accused the Indian government of creating an ‘artificial’ shortage of iron ore via the imposition of high export […]
Fresh doubts over Olympic Dam as BHP freezes hiring
BHP's board was to make a decision on the $30 billion project this year, but a newspaper report over the weekend said a decision will not be made until 2014 and BHP's uranium division "confirmed the deferral and said a recruitment freeze was now in place".
