Australia cuts rates to record low of 2.5% as mining boom ends
Lowest rate since Australia’s central bank was established in 1959.
Latest Stories
Gold below the $1,300 mark again
The gold pendulum is swinging fast these days: bullion down to $1,286 at 8:30 am ET.
Kenya cancels mining licenses; gold royalties double
Companies caught by surprise.
VIDEO: Cleveland Potash demolishes 50-meter tower
A UK potash mine has completed the destruction of its 50-meter, 2,700-tonne rockshaft tower – a major feature of the Boulby site […]
One gold miner saw 30% profit boost this quarter
Record profit of A$28.3 million.
Monday blues: Copper loses Friday momentum
Chinese data disappoints.
Financing for miners drops 56 percent in Q2 2013
Producers lost 65%, juniors 28%.
Desperate times: Out-of-work miner offers rum for job
Job mining losses in Australia taking their toll.
Straits Resources puts Indonesian gold mine for sale
Company focuses on copper assets.
