China’s green ban hitting Aussie coal exporters hard
Australia exports as much as 49 million tonnes of thermal coal a year to China.
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Rio Tinto to spend at least $500 million to advance diamond project in India
The Bunder project will be one of the only four diamond mines to be operational over the next decade.
Battle for control of Asia Resource heats up
Its chairman Bob Kamandanu decided to step down only weeks ahead of a vote proposed by largest shareholder Samin Tan to replace most directors and take the reins at the company.
Coeur Mining buys Wharf Mine for $105 million from Goldcorp
An open pit operation with 170 workers.
Yamana Gold raising Can$260 million
Proceeds will be used for debt reduction and "general corporate purposes."
Wife of Ivanhoe Mines CEO charged after throwing a water bottle at a flight attendant
Ivanhoe Mines (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.
Fission Uranium hits a home run with maiden resource estimate: 105 million pounds out of the gate
The street was expecting 50-80 million pounds.
Goldcorp up 5% as investors dive back into gold stocks
Across the board gains with even heavily criticized Barrick going positive as gold price build on gains.
John Embry: I’ve never seen this in my 40+ years in the investment business
John emphasizes the belief that this period parallels the mid-70s bull market correction, and when asked about the depth of the current sell-off, noted that, “I don’t think I’ve ever seen, in the 40 plus years I’ve been following the sector, the shares cheaper in relation to the price of bullion as they are now.”
