Iron ore testing $110 support as Chinese steel contracts drop to record low
Iron ore has only enjoyed three up days over the last six weeks of trading.
Latest Stories
Intercept of bonanza grade gold vaults Balmoral 40%
Balmoral Resources (CVX:BAL) has added over 40% to its stock price in the last three days since announcing a gold intersect in its Martiniere property in Quebec, 273 g/t (8 oz/ton) gold over 3.88 metres.
Northern Gateway pipeline could be capped with a $13 billion refinery
Newspaper magnate David Black is proposing a $13 billion oil refinery to be built in Kitimat to process oil from the Northern Gateway pipeline before shipment.
Heard the rumour China is buying 6,000 tonnes of gold? It may not be as crazy as it sounds
“There’s a significant discrepancy between domestic gold demand in China and the level of Chinese gold imports and production."
Oyu Tolgoi start-up, costs under threat from Mongolia–China stand-off
Rio Tinto would have to build its own power plant and delay commercial production if the two nations cannot come to a deal during long-running power negotiations.
PotashCorp shuts mine and Vale delays major project as potash prices decline
The downturn in potash prices claimed more victims this week.
Latest on South Africa mine clashes: 44 dead, 78 injured, 259 arrested
A standoff between hundreds of strikers wielding pangas and sticks at London-listed Lonmin's Marikana mine ended when police began firing on a surging crowds leaving many dead.
Anglo American completes acquisition of De Beers
Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond mining, distribution and marketing company for more than 80 years.
John Paulson’s huge bet on gold
Buckle up John Paulson investors. Bloomberg reports that the billionaire hedge fund manager has put 44% of his firms assets into gold.
