Substantial amount of gold deals expected for Australia by year-end
As a result of world’s largest gold miners pulling their portfolios to pieces as a way to weather low prices and an ongoing downturn.
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Video: John Kaiser proposes a new system for financing junior miners
Kaiser believes the easiest way to bolster the sector, which exists to provide capital to find and develop new mines, is to abolish Accredited Investor Exemption rules that currently restrict non-rich people from giving money directly to the treasuries of these companies.
Divers find ‘priceless’ hoard of Arab gold coins
The sunken treasure includes coins of various denominations and sizes from the period of the Fatimid Caliphate, a Muslim dynasty.
Queensland coal ports batten down the hatches
Three coal export facilities in Queensland have suspended ship-loading operations due to the approach of a Category 3 cyclone, Platts has just reported. They include Dalrymple Bay, Hay Point and Gladstone.
Newmont cheers gold mining investors
What? No writedowns and $1.5 billion operating cashflow?
Vale smashes iron ore production record
Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.
Goldcorp stock is being ripped apart
$2.3 billion charge against Cerro Negro mine in Argentina one writedown too many for battered investors.
Caterpillar mining sales down 27% worldwide in January
Latin American down the most.
Why oil prices must go up
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil.