About 30,000 fresh job cuts, more mine closures expected in Australia
A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.
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New chapter in controversial Barkerville Gold saga
Following last year’s resignation of founder and former CEO Frank Callaghan, the company brought in a new CEO – Tom Obradovich, a key player in Aurelian Resources Inc., which was acquired by Kinross Gold Corp. (TSX:K) – and is now trying to write a new chapter in the Barkerville saga.
Gold to dip below $1,000 by end of the year – report
Gold is doomed. That seems to be the message being deliverd by several analysts who predict prices for the metal will hit fresh historic lows by the end of 2015.
Miners in Asia and Africa more likely to switch to different OEM within next five years
Whilst miners are relatively loyal in Australia and North America to their current Original Equipment Manufacturers (OEMS), over half of those in Asia are likely to seek out a new supplier within the next five years, a new report shows.
Antofagasta cuts copper output forecast for the year
This is the second time this year that the London-listed miner slashes its annual copper production guidance.
Diver finds $1 million in 300-year-old gold coins off Florida coast
A member of a Florida family hit the jackpot when he found $1 million-worth of gold artifacts, including a royal coin from the Spanish king, recovered from a ship that sank off the Florida coast 300 years ago.
Deutsche: Gold price has another 30% to fall – and soon
Fresh lows in coming months and eventual decline to $750 represents fair value according to inflation-adjusted historical averages says bank's new research.
‘Trapped’ Chinese stock investors key to gold demand
With trading in half of all equities halted by Beijing even those Chinese investors wishing to seek a safe haven in gold cannot do so says new report.
Maximiliano Aqueveque, Industry Segment VP Mining & Minerals in Quant: “We have the Human Capital to develop the full potential of maintenance for our mining customers”
With 25 years of experience, in a wide variety of market segments, the industrial maintenance company Quant (former ABB Full Service) is targeted to develop mining area in which is strongly participating mainly in South America and particularly in Chile.
